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Health Economics There Is Avid Term Paper
Therefore, a competitive health industry does not improve the situation for the uninsured; often, it makes it worse.
In order for such a system to function properly, there needs to be a great deal of government subsidizing for those who cannot afford the health care costs. The health care industry would have to take some huge steps toward reform. For example, the industry should put a cap on medicinal costs to the patient and petition the federal government to step in the assist those in need. Another option would be for the health care industry to strongly petition the govewnremtn for a greater amount of research grants in order to improve the overall health of our nation. As such, patients will be spared the extra costs trickling down to them as a result of competition and forces caused by related expenses.
The national health care crisis currently in our nation is a result of the competitive nature of our system. Worldwide, other nations utilize a more national approach to health care with free care for all. Whereas citizens have to pay a higher income tax rate, the eventual savings over a lifetime for health care will make a great deal of difference for the economy as a whole. Allow consumers to save money on health care and encourage them to spend it on other truly natural competitive industries in the American economy.
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