Question

Regarding health economics: Describe three different ways in which governments can attempt to increase life expectancy based on the Wagstaff model. Think about the mechanics of the model and the variables that go into health output.​​

Answer 1

1 health as a consumption good - Taking health as good , with direcly related to utility increases the health prospects , increasing benefit in terms of lifestyle and free from illness , increasing average life of person and thus life expectancy.

2.health an investment - Investing in health capital , increases the oppurtunity cost of getting sick , and thus more awarness related to health and healthy lifestyle.

3. health as conscience instrument - Better conscience , allows person to be fit and aligned .It increases health prospects , a healthy mind and body.Thus leading to increased life expectancy.