Resource allocation in modern society

How does one compare the need for hip replacement with the need for smoking cessation clinics, or the need for a new cancer therapy with the need for a treatment for multiple sclerosis? Overall, in considering equity and resource allocation, it is fair to say that the field of ethics has brought considerable concern and helpful moral reasoning to the field of health care and related policies, including resource allocation.

It also means that cost-benefit and cost-effectiveness considerations acquire the legitimacy that they lack on the Hippocratic interpretation, and outcome measures that center in the aggregate good and that focus on the social impact of a given intervention become determining.

The Business Model A third approach to medicine, and one that also affects the nature of resource allocation, may be called the business model. UK Clinical Ethics Network. Everyone else is prohibited from doing so. Decision-making structures of an economy determine the use of economic inputs the factors of productiondistribution of output, the level of centralization in decision-making and who makes these decisions.

Some patients who require neonatal intensive care will go on to have healthy lives QALY value of 1 for each year of life while others may have diminished quality of life.

Economic system

Determining morally relevant reasons for treating people differently In considering equitable distribution of health care resources, care must be taken to ensure that any differences between individuals or groups that are used to justify different treatment are morally relevant differences.

That is, who is to enjoy the benefits of the goods and services and how is the total product to be distributed among individuals and groups in the society? Specifically, both on the micro- and the macrolevel — that is to say, on the level of individual and one-on-one competition between the patients of one and the same physician and between patients of different physicians, as well as on the level of competition between individual patients and groups of patients — it becomes appropriate to balance competing right claims.

Clearly, that would be a mistake. QALYs are based on population-level information. Therefore, conditions that are dealt with only infrequently or only with a small number of patients are unlikely to achieve the same effectiveness quotients as those that are researched more thoroughly and treated on a more frequent basis.

This social component uniquely characterizes medicine because no other profession requires prospective clients to risk life and limb so that professionals can acquire the knowledge and the expertise that the professional will later offer for sale. Clearly, someone who cannot afford to take time off from work to see a physician, who cannot afford to travel the requisite distance, or who cannot engage the relevant communication devices cannot establish this sort of physician-patient relationship.

As minority game dynamics and the phenomenon of herding are common in social, economic, and political systems, and since AI is becoming increasingly widespread, we expect our AI empowered minority game system to have broad applications.

Subsequent discussions will then deal with the ethical status of material healthcare resources, integrate this into a process model of healthcare professionals as gatekeepers, and develop a general framework for healthcare resource allocation that takes these various factors into account.

Full utilisation of resources implies their full employment. The emphasis on informed consent to treatment and shared decision-making within health care highlights the importance of this ethical principle. Its focus is on the physician-patient encounter and on the individual patient, and it accords a special status to the individual patient — and, correspondingly, places a special duty on the individual physician — because the patient, by interacting with the physician, has acquired a special claim on the physician, and the physician has acquired special duties relative to this patient.

Thus providing equal treatment without some assessment of health status or healthcare need is not always a just or equitable approach in health care. In underdeveloped countries where labour is relatively cheap, techniques involving more labour contribute to least costs; while in developed economies where labour is relatively expensive, capital-using and labour-saving techniques combine efficiency with minimum costs.

This virtually guarantees that the cost-benefit coefficient of the tools and devices for treating rare conditions will always be lower than those used in treating common conditions. Even within the context of a specific medical condition, some patients may have a greater need for treatment because of more severe disease.

Assessing and addressing inequity Reducing health inequalities is seen as an important aim of the National Health Service. Publicity - Decisions and their rationales must be publicly accessible.

The amount of resources will always be limited because there is a limit to the number of facilities that can be constructed, the number of instruments that can be manufactured, or the number of organs, amount of blood, etc that will be available. In particular, we demonstrate that, when agents are empowered with reinforced learning in that they get familiar with the unknown game environment gradually and attempt to deliver the optimal actions to maximize the payoff, herding can effectively be eliminated.

Instead of looking at nominal ownership, this perspective takes into account the organizational form within economic enterprises. A Study of the Sociology of Applied Knowledge.

It follows that the income of an individual depends upon the amount of resources owned by him and the evaluation of his resources in the minds of consumers. If the consequence of complying with such a choice is that treatment will be unavailable to other patients because of the limited available resources this may not be fair.

It is well known that the effectiveness of an intervention is not only a function of the severity of the relevant condition, but is also related to the amount of research that has been expended on developing and perfecting the intervention and to the number of times that it is performed.

The issue requires an overall solution that can be consistently applied across the whole field of healthcare, not something that works in isolated instances and that can be applied in only selected areas and in a piecemeal fashion.

Moreover, from a process perspective, it is the healthcare professionals who function as gatekeepers to the material resources that are in short supply. Scarcity does not give rise to an allocation problem but to an acquisition problem, ie, the issue for the physician is not one of how to allocate — of what counts as a fair and equitable distribution — but one of acquisition: Likewise, systems that mix public or cooperative ownership of the means of production with economic planning are called "socialist planned economies" and systems that combine public or cooperative ownership with markets are called "market socialism".The Christian response to the issue of the allocation of health resources accepts that the demand for medical resources - in the form of treatments, equipment, staffing and money available – far out-strips the ability of modern society to supply it.

The current society is characterized by indecency and selfishness when it comes to resource allocation. Most of the developed and developing countries have deprived resources either through exhaustion or misappropriation.

The keys to resource allocation

However, where the world would have an organized state of system that. Scientific research has emerged as a major source of economic growth in modern society. The growth rate of research substantially exceeds the growth rate of the gross national product.

Total expenditures for fundamental and applied research, in all fields, sometimes termed research and development. Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic goals.

Resource allocation includes managing tangible assets such as hardware to make the best use of. An efficient resource allocation exists if society has achieved the highest possible level of satisfaction of wants and needs from the available resources AND resources cannot be allocated differently to achieve any greater satisfaction.

Under real world socialism, governments exert extensive control over resource allocation decisions, primarily involving key industries such as transportation, energy production, communication, and health care.

Resource allocation in modern society
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