Comparison of Contemporary Health Economics Role: Emerging Eastern European and Mature Markets of US, Japan and EU

Posted: 9 Jan 2014

See all articles by Tetsuji Yamada

Tetsuji Yamada

Rutgers University, Camden, Camden College of Arts and Sciences, Department of Economics; NBER

Mihajlo Jakovljevic

University of Kragujevac, Serbia - Faculty of Medical Sciences; Hosei University - Faculty of Economics; Lund University Division of Health Economics

Chia-Ching Chen

New York Medical College- School of Health Sciences and Practices & Institute of Public Health

Seiritsu Ogura

Hosei University - Department of Economics

Lieven Annemans

Ghent University

Date Written: January 8, 2014

Abstract

Mature healthcare markets provide higher quality, equity and accessibility of services than middle-to-low income societies can afford. However, the situation is still underway in the United States, Western Europe, Eastern Europe, and Japan. These nations have been facing rising societal demand; and are aging; affordable accessible healthcare services under the decade are stagnating economic growth. The quality, equity and accessibility of services are partially due to financial constraints, reimbursement strategies, inefficient soft/hard resources, and healthcare system. World leading communities possess their adaptive methods to achieve policy targets by using different models of delivering health and medical care services. Authors compared health economics framework to analyze healthcare delivery under the different organizational management along with societal and cultural representative of diverse economic regions: US, Western vs. Eastern Europe and Japan. In conclusion, both high-income Japan and middle-income Eastern Europe need to introduce health economics as an essential methodological tool for resource allocation.

Keywords: health economics, legislative framework, role, US, Japan, EU, Serbia

Suggested Citation

Yamada, Tetsuji and Jakovljevic, Mihajlo and Chen, Chia-Ching and Ogura, Seiritsu and Annemans, Lieven, Comparison of Contemporary Health Economics Role: Emerging Eastern European and Mature Markets of US, Japan and EU (January 8, 2014). Available at SSRN: https://ssrn.com/abstract=2376332

Tetsuji Yamada (Contact Author)

Rutgers University, Camden, Camden College of Arts and Sciences, Department of Economics ( email )

Department of Economics
Camden, NJ 08102
United States

NBER

365 Fifth Avenue, 5th Floor
New York, NY 10016-4309
United States

Mihajlo Jakovljevic

University of Kragujevac, Serbia - Faculty of Medical Sciences ( email )

Svetozara Markovica 69
Kragujevac, 34000
Serbia
+38134306800 (Phone)

HOME PAGE: http://www.medf.kg.ac.rs

Hosei University - Faculty of Economics ( email )

2-17-1 Fujimi, Chiyoda-ku
Tokyo, 102-8160
Japan
+81-3-3264-9547 (Phone)
+81-3-3264-4624 (Fax)

HOME PAGE: http://www.hosei.ac.jp/english/

Lund University Division of Health Economics ( email )

Division of Health Economics
Lund, SC Skane
Sweden

Chia-Ching Chen

New York Medical College- School of Health Sciences and Practices & Institute of Public Health ( email )

40 Sunshine Cottage Road
Valhalla, NY 10595
United States
(914) 594-2824 (Phone)

HOME PAGE: http://https://www.nymc.edu/faculty/directory/by-name/chen-chia--ching/

Seiritsu Ogura

Hosei University - Department of Economics ( email )

Tokyo
Japan

Lieven Annemans

Ghent University ( email )

Coupure Links 653
Ghent, 9000
Belgium

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