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Scholars Journal of Economics, Business and Management | Volume-10 | Issue-08
Health Economics in Homoeopathy
Dr. Tridibesh Tripathy, Professor Shankar Das, Professor Dharmendra Pratap Singh, Dr. Umakant Prusty, Dr. Madan Mohan Mishra, Dr. Jeevan Krushna Pattanaik, Dr. Pramod Bihary Pradhan, Mr. Anil Dubey, M
Published: Sept. 17, 2023 | 137 140
DOI: 10.36347/sjebm.2023.v10i08.003
Pages: 191-193
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Abstract
The concept economics is in the domain of social science. In the public health lens, both the terms merge as public health & community medicine also fall in the domain of social science. Hence, the concept of health economics in health care services started in the last century. The basic premise on which it is built is that ‘if healthy members of a nation are replaced by sick members, the economy of the nation will be doubly burdened. The impact will be felt in loss of productivity as there is loss of active labor force in the nation. Every nation wants to build a good & effective health system. Here, the primary focus is given to therapeutics as therapeutic technology keeps advancing, the cost of the curative treatment shoots up. Thus, the application of economics in health activities started & with wider application, gradually the ‘Health Economics’ (HE) concept emerged as a subject [3, 4]. Basically, He is concerned with a binary approach. The first is to ensure optimum use of scarce resources for the care of the sick members. The second approach focuses on the promotion of health of the people of the nation. With this background, the concept of health economics is applied in Homoeopathy in the current article. The advantage of Homoeopathy is that as a therapeutic system, it is cost effective & also promotes health. Thus, it fulfills both the criteria mentioned above as the intended outcome of the concept of HE [3, 4]. The article traces the history of health economics at global & country level reaching to the current situation. At the global level, it started with valuing human life where as in India it started with malaria studies. As a therapeutic system, it is cross cutting across so many ailments while being cost effective and therapeutically effective. Using the platform of health economics, homoeopathy can have a strong base in the days to come [2].