Examines the relationship between the workforce's size and the anticipated need for healthcare workers.
For four reasons, the demand for medical care is more complicated than the demand for many other things. Insurance coverage frequently affects the cost of care. Healthcare decisions are frequently very confusing. The lack of knowledge consumers have about the costs and advantages of care is a result of this complexity.
Demand forecasts are based on current service delivery practices, whereas supply estimations are wholly dependent on the current workforce.
The lack of change anticipated at a time when national reform and the enhancement of the healthcare delivery system are our top priority is troubling.
Additionally, it disregards monetary realities as well as the fact that population changes constantly in reaction to new fields and discoveries.
Traditional supply and demand theories rely on a competitive business environment and anticipate that the market will adjust itself. Planned economies use government-controlled central planning to create demand rather than relying on consumer behavior.
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