Health Care Ethics: The Healthcare Industry

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HEALTHCARE INDUSTRY – The healthcare industry (also called the medical industry or health economy) is an mixture and addition of sectors within the economic system that provides goods and services to give patients with healing, defensive, rehabilitative, and relaxing care. It includes the group and commercialization of goods and services offering themselves to upholding and re-establishing health. The up-to-date healthcare industry is divided into many sectors and depends on interdisciplinary teams of trained specialists to meet health needs of individuals and populations. The healthcare industry is one of the world's largest and fastest-growing industries. Intense over 10 % of gross domestic product (GDP) of most developed nations, health…show more content…
The incomes of managers and administrators, underwriters and medical misconduct lawyers, marketers, investors and stockholders of for-profit services, all are attributable to health care costs. Health care sector includes – The healthcare sectors includes the following; • Hospitals • Nursing and housing care facilities • Ambulance healthcare facilities • Medical doctors and healthcare professionals HEALTHCARE ETHICS – Health care ethics, at its simplest, is a set of moral principles, beliefs and values that guide us in making choices about medical care. At the core of health care ethics is our wisdom of right and wrong and our beliefs about rights we own and duties we owe others. Thinking carefully about the moral features of health care decisions helps us in making choices that are right, good, fair and just. ETHICAL PRINCIPLES WHICH HEALTHCARE INDUSTRY SHOULD INCLUDE – According to Market – • Expiry date – The expiry date of medicines should be kept under consideration in the healthcare industry. They should ensure that the pharmacy doesn’t has any medicine which is expired or is about to get…show more content…
In theory, each is of equal weight or position. In practice, however, respect for patient independence often takes importance over the others. There are basic principles of health ethics. Each addresses a value that arises in interactions between providers and patients. The principles address the issue of fairness, honesty, and respect for fellow human beings. • Autonomy: People have the right to control what happens to their bodies. This principle simply means that an informed, capable adult patient can refuse or accept treatments, drugs, and surgeries according to their demands. People have the right to control what happens to their bodies because they are free and balanced. And these decisions must be respected by everyone, even if those decisions aren’t in the best interest of the patient. • Beneficence: All healthcare providers must strive to improve their patient’s health, to do the most good for the patient in every situation. But what is good for one patient may not be good for another, so each situation should be considered individually. And other values that might conflict with charity may need to be

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