Pen Point 37

Trade in health services, especially the migration of healthcare professionals (HCPs), is continuously growing.  As such, developing countries such as the Philippines, export healthcare professionals to other countries (mostly developed countries). The liberalization of trade in health services, espoused by the ASEAN Integration, has further promoted this migration of health professionals. Since the “world price” … Continue reading Pen Point 37

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Pen Point 36

Given adequate information, the market theory assumes that consumers know what is best for themselves; hence, they make choices that maximize their total satisfaction. If this assumption is wrong, markets may not efficiently produce. We call this satisfaction consumers gain from consuming a good or service as “utility”. The satisfaction (or utility) depends on the … Continue reading Pen Point 36

Pen Point 35

Issues with equity have influenced health care for many years. Equity, in the context of social health insurance such as the Philippines’ Philhealth, means access of the whole population to a package of health services by paying an affordable contribution, and sometimes no contribution at all (for senior citizens and indigents). Philhealth can improve access … Continue reading Pen Point 35