Economics
- ISSN: 2155-7950
- Journal of Business and Economics
Regulations and Regulation Mechanisms in Health Care: An Exploration
of Possible Effects in Private Health Care Market in Thailand
Siripen Supakankunti
(Chulalongkorn University, Thailand)
Abstract: Improvements in private health care market of the country encourage the society to produce competitive human resources, medical products and equipment, and health technology. The effects of regulations can be measured in terms of costs and benefits to society. Regulations and regulation mechanisms interact with other policies and can make adverse effect on private health care market. This paper seeks to provide the assessment of possible effects of regulation in health care market thorough review of various documents related to regulation in Thai health care system and supplemented by in-depth interviews with experts. The regulations and regulation mechanisms interact with behavior of private health care market. The interactions that may create desirable or undesirable effects are found in various levels of the private health care market. No adverse effects of regulations and regulation mechanisms in expansion of private health care market are found in Thailand.
Key words: regulation; health care market; desirable and undesirable effects; Thailand
JEL codes: I, Y