Health Economics in a World of Uneconomic Growth

Martin Hensher (), Gerry McCartney and Eleanor Ochodo
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Martin Hensher: University of Tasmania
Gerry McCartney: University of Glasgow
Eleanor Ochodo: Stellenbosch University

Applied Health Economics and Health Policy, 2024, vol. 22, issue 4, No 1, 427-433

Abstract: Abstract Multiple, accelerating and interacting ecological crises are increasingly understood as constituting a major threat to human health and well-being. Unconstrained economic growth is strongly implicated in these growing crises, and it has been argued that this growth has now become “uneconomic growth”, which is a situation where the size of the economy is still expanding, but this expansion is causing more harm than benefit. This article summarises the multiple pathways by which uneconomic growth can be expected to harm human health. It describes how health care systems—especially through overuse, low value and poor quality care—can themselves drive uneconomic growth. Health economists need to understand not only the consequences of environmental impacts on health care, but also the significance of uneconomic growth, and pay closer attention to the growing body of work by heterodox economists, especially in the fields of ecological and feminist economics. This will involve paying closer heed to the existence and consequences of diminishing marginal returns to health care consumption at high levels; the central importance of inequalities and injustice in health; and the need to remedy health economists’ currently limited ability to deal effectively with low value care, overdiagnosis and overtreatment.

Date: 2024
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DOI: 10.1007/s40258-024-00883-3

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