Supply and demand for nurses
Supply and demand for nurses
Supply and demand for nurses:There have been many allegations of a nursing shortage.Both the healthcare planners’ and economists’ definitions of shortages.
The American Hospital Association complained of a nursing shortage in the 1950s and 1960s. They supported these claims by noting the high vacancy rates in registered nurse positions.Also the substitution of less highly trained licensed practical nurses for RNs.
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Supply and demand for nurses
Congress responded by passing the Nurse Training Act (NTA) in 1964, which began a tradition of government subsidization of nurses’ training.
Explain the health care financing and economic principles as they apply to this course of action and what would be the more efficient and effective economically to best keep supply and demand for nurses in alignment?
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