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Opportunity costs in health and healthcare

Updated on July 23, 2015
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The decisions we make regarding our health revolve around such values as convenience, financial cost, and tradition. We learn a lot of things from role models; I learned to brush my teeth twice a day, but I also saw from my parents that eating fast food was okay because my mom would buy it for me when I was a child. We are considerably set in our ways… It can be difficult to change your routine. It's definitely possible to, for instance, get some exercise into your day, but many choose not to because they worked too many hours and don’t have enough time; they value making money, spending time building a resume, etc. to consider exercise important enough to do. The convenience factor is something many Americans value because they’d rather eat what’s in front of them than check the store around the corner, or the health food store.

For every “bad” choice people make regarding their health, there is a better one that can be made, or better consequences that could arise. Many people don’t have health insurance (45 million, about) because it costs money, or because they don’t understand how important it is. They may think they’re saving money by not paying monthly, but in the end, if they get seriously injured, it could cost tens of thousands of dollars. I really want health insurance, so I am willing to face opportunity costs by continuing to take classes so I can stay under my parent’s health insurance, or finding jobs that I may not totally enjoy but that offer health and dental.

Because there are so many choices we can make as far as our health goes, that means there are also a wealth of opportunity costs, and at various levels. For all of the money that people pay for healthcare, there could be money for vacations and other luxuries, or even activities that can truly help prevent health problems from the start, like better air filters or vacuums to prevent or alleviate asthma and allergies.

There are certainly alternatives to regaining health, but there are several barriers. For instance, many people just aren’t aware of the facts about health; they may not know that what they eat is bad, or that the exercise they’re trying is really not effective. I also personally believe that doctors and drug companies are a big part of this because I think that people are overdiagnosed with diseases and conditions that really don’t exist or that are exaggerated (back to the “disease-care system” concept). I remember watching a commercial for a drug that can help middle-age guys that feel stressed out from everyday pressures… It sounded like any middle-age man could have qualified to take it! Every person who would take such a drug makes for more money for drug companies and doctors. If people get that mindset, they’ll keep thinking they have a condition that there’s a drug for, and they’ll keep going to their doctors and paying for appointments, then pay for drugs and keep paying for the prescriptions. Eek.

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    • profile image

      dnrkrishnan25 

      8 years ago

      nice hub....

    • Tiffany Latte profile image

      TiffanyLatte 

      9 years ago from USA

      We need affordable health care. Preventing illnesses through early detection would be easier with affordable health care.

    • JPSO138 profile image

      JPSO138 

      9 years ago from Cebu, Philippines, International

      As the old saying goes... Health is wealth.. It is sad to note that the health system in our country is far to low compared to other countries. Moreover the cost of medicines are quite high.

    • glassvisage profile imageAUTHOR

      glassvisage 

      9 years ago from Northern California

      Thanks everyone! Swathin, you're right... Health is the most important thing that we should be grateful for... Too bad it's one of the most expensive!

    • swathin2 profile image

      swathin2 

      9 years ago

      Health is the important thing and wish that every one will keep a good maintainenance of it

    • barryrutherford profile image

      Barry Rutherford 

      9 years ago from Queensland Australia

      agree with everything above !

    • Aya Katz profile image

      Aya Katz 

      9 years ago from The Ozarks

      Glassvisage, I very much agree with what you wrote, and especially this part: "I also personally believe that doctors and drug companies are a big part of this because I think that people are overdiagnosed with diseases and conditions that really don’t exist or that are exaggerated."

      To stay healthy, we have to think for ourselves.

    • Gypsy Willow profile image

      Gypsy Willow 

      9 years ago from Lake Tahoe Nevada USA , Wales UK and Taupo New Zealand

      If you haven't got your health you have nothing!

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