Mental Health Services & Health economics

People with mental illness tend to be violent.

Economics is the study of individuals and societies allocate their limited resources to satisfy their unlimited wants.

When pts are isolated from costs they often demand additional services even though these services are limited/no benefit

One person in 100 develops schizophrenia

A supply schedule shows the quantity of a commodity that sellers are willing to supply at a given price.

___ of individuals in need of services for alcohol and drug abuse do not receive treatment

which has 1 land including all natural resources 2 labor and 3 capital including physical resources produced by labor

graphical rep of a demand schedule with price (P) plotted on the y-axis, and the quantity demanded (Q) on the x-axis.

Mental illness tends to develop during adulthood.

Law of supply: as price that individuals are willing to pay for a product inc, the more product that will be supplied

Economic term for satisfaction obtained from purchasing a particular good or service

which are reasons why the healthcare market is not a competitive market

More than ___ of adults in U.S. have severe mental disorder (schizophrenia, major depression, panic, manic-depressive)

Reductions of mental health hospitals often result in alot of patients ending up in jail

ERISA stands for

Economic concept that measures the resposiveness of consumer demands to a change in price

Those who have mental health conditions are more likely to endure violence from others

All of the following are characteristics of a perfect competition except:

The value of any additional goods declines as one consumes more of it

epidemiology studies help determine what mental disorders are more common and what co-occuring disorders are present

There is a lack of psychiatric providers in many settings

Change in quantity demanded moves along the demand curve.

Law of supply: X-axis is quantity vs. Y-axis is price

Oligopoly – a few sellers but not a ton – but still lots of buyers one of those countries are more dominant

People who are poor are more likely to have mental illness than people who are not.

Elasticity measures the responsiveness of consumer demands to a change in price.

various amounts of a commodity consumers are willing and able to purchase at each specific price in a set of prices/time

Unitary demand has no changes is a theory where proportional profits to revenue

The producer has to make a decision as to how much to produce knowing the set amount the consumers willing to pay

Evidence-based practice

oligopoly is defined as a market structure which features only one seller of a product that has no close substitiutes

Marginal utility depends on the personal desire for one more unit of the good or service. – how happy get from a good

Epidemiology is the frequency and distrubution of mental health care providers

Monopsony – one buyer (e.g. federal government for military). – only one or very few buyers which limits the producers

The point where the supply and demand curves intersect.

many mental health recomendations are a mix of both evidence based and consensus treatment guidlines. Why? (low resrch)

Which medicare reimburses pharmacists for outpatient services

Change in demand is when the entire curve shifts.

More than ___ of adults in U.S. have addictive disorders (alcohol and drug problems )

A Phone is a perfect market example

Includes welfare plans like unemployment and health benefits

A person who has one or both parents with mental illness is more likely to develop mental illness.

reduce amount of disability caused by diseases to enable highest possible level of functioning

Emerging Issues:

Clinical psychiatric pharmacist roles are expanding into underserved areas of the population such as:

this is money that the producer/company sets price and consumer decides how/quantity much willing to get at that price

4 of the top 20 leading causes of diability worldwide are mental health disorders

Health care reform bill emphasizes new pt care models and includes Rx as part of the standard healthcare benefit package

The quantity demanded of a commodity is inversely proportional to its price (higher price, the less of it one wants)

Monopolistic competition – lots of buyer sellers but some differences in product – truck is a truck but dodge ≠ ford

Expert consensus or consensus treatment guidlines

Monopsony – one buyer (e.g. federal government for military). – only one or very few buyers which limits the producers