Universal Pocket Prescription Card, Behavioral Economics Paper Essay

Universal Pocket Prescription Card, Behavioral Economics Paper - Essay Example Policy-makers and public or nonprofit administrators need to address the problem of failure to use the universal pocket prescription card by medical care consumers. The study also provides an insight into the economic benefits if using the universal pocket prescription card. The card acts as a remedy to various problems associated with escalating costs of medical care. Policymakers should implement the utilization of comprehensive Pocket Prescription Card because it can be in case there have been changes in the economic, medical cost. Policymakers should implement policies that support the utilization of Universal Pocket Prescription Card (Janssen et al., 2014). Universal pocket prescription cards are cards that are designed to fit a pocket of even a wallet of the user. They provide an easy and very effective strategy in the recording of personal information. The information may include names and dosages of prescribed drugs. The drugs may be over the counter, herbal, vitamins, and even supplements. The card also stores other details such as how the medicine should be and at what time it should be made. Universal medical cards are used to give caregivers more information. They help to minimize the economic problems that might be in the giving of health care (Boyer, 2009). There has been a projection by economists that there will increase in the medical cost. A rate of 7 percent is expected, calling on employees to try and control expenses by changing policies that shift costs to the workers. Because of the costs that might be behavioral economic predicts that people are most likely to adopt the use of universal pocket cards. It is because this reduces the chances for inappropriate prescription and increase opportunities for proper diagnosis. In the United States, it has been shown that non-compliance with medical