Essay On Market Failure In Healthcare

To the average individual, the word ‘vaccination’ means to prevent illness. Vaccinations have many advantages; they allow us to be less susceptible to a variety of illnesses and diseases. Many individuals believe that vaccinations should not be mandatory. However, the benefits from vaccinations greatly outweigh the risks from side effects. The judgments are factual and ethical and are supported by testing and research findings from multiple sources.

Vaccines have had an undeniably positive impact on society, and are considered to be one of the most effective ways of protecting oneself and others from harmful diseases. Due to vaccinations, smallpox has been officially eradicated since 1980 and polio has been reduced to scarce singular incidents (Bt.cdc.gov, 2007; Immunise.health.gov.au, 2015). Similarly measles has been eliminated within Australia since 2014, however the

As more and more vaccinations are being set in place for our children to receive, the society including parents, caregivers, teachers and even researchers begin to develop fears about whether or not they are truly safe for children. Researchers have argued that vaccinations could potentially be unnecessary for our children. Due to studies that show that the targeted diseases have essentially disappeared. This raises the question of why children are still required to receive large amounts of vaccinations at a young age. Another argument focuses on the financial motives. A statement released talked about the government benefiting trillions of dollars from vaccinations since 1994 (Whitney).

However, vaccinations do not always ensure safety; rather, they can cause many dangerous health issues. As more vaccinations become mandatory, the potential side effects grow drastically. An article by Mary Holland analyzes the dangerous side-effects and limited regulations regarding vaccine injury, “Some children are permanently disabled or die from their vaccine exposures. A broad spectrum of suspected and confirmed adverse vaccine events has grown in the decades from the beginning of mass vaccination. In total, over 600,000 people in the United States have filed vaccine adverse event reports since 1990. Furthermore, people receive little warning of the risks of vaccination because of minimal information requirements under the Vaccine Act” (Holland 420). As time goes on, more dangerous events regarding vaccinations occur. Consequently, children can be disabled or killed from vaccination exposure. Additionally, no information regarding the dangers of vaccines reaches parents; therefore, they believe they are making the right choice by vaccinating their children. Doctors, drug companies, government agencies, and the Center for Disease Control tell parents that vaccinations protect children and keep them safe from dangerous diseases and without them their child could grow severely sick, or worse, die. In reality, the vaccinations themselves can severely harm and kill young children. Therefore, laws should not mandate vaccines, as this gives companies power to place fear on parents and put more money in their own

The VA does not pay for all of those visits. The US Government is sending The Department of Veterans Affairs funding warnings and they are not paying attention to them. “The Veterans Health Administration who provides health care to about 8.8 million veterans a year, has ignored warning about its deficiencies” (“The US Veteran Health Care System Is Overwhelmed and Failing”). President Obama ordered a review of this issue that offered help and suggestions (“The US Veteran Health Care System Is Overwhelmed and Failing”). The United States Government is trying to help out the Veterans Association by sending them warnings and suggestions. The VA is not acting upon them. They are sitting back and just playing it out. They need to step in and act

A competitive market is one that allows easy entry and exit: a market in which companies are generally free to enter or to leave at will. This does not describe the health care market in the US. There are certain assumptions that the competitive market model operates under some assumptions, first is the consumer/patient has full information about the nature of the services required, the anticipated results of their decision and the benefits obtain from the service. This is not true in health care often time the patient is operating at a distinct information disadvantage when they require health care services such as insurance. If a patient purchases health insurance often they don’t know enough information to ascertain if they have

For many years, there has been a controversy about whether or not vaccinations should be mandated for everyone. In the United States, many diseases such as polio, diphtheria, measles, and whooping cough used to be extremely common, until vaccinations came around and started preventing these diseases. The main point for vaccines is to prepare a person’s immune system for any possible attack of a disease that comes in the future; a person’s body will be prepared to fight off the disease with the vaccine (“Basics”). Vaccines have the ability to prevent many cases of these diseases in advanced, but there are people who think vaccines are unnatural and should not be required for their children. It is said that immunity in child vaccines are about 90%-100%, which is an increase over the past few years (“Childhood”). Although many Americans believe that vaccines are unsafe and cause autism in children, vaccinations for children should be mandatory because they can save a child’s life, create herd immunity in a community, and they have been proven safe/cost-effective.

In micro-economics market failure is characterized by resource misallocation and subsequent Pareto inefficiency. Just as the invisible hand falters, so is the case that the unregulated markets are incapable of solving all economic problems. In laissez-faire economy, market models mainly monopolistic, perfect competition and oligopoly are expected to efficiently allocate resources for the “welfare benefit” of the society. However individualistic and selfish private interests divert the public benefits thereby prompting government intervention to correct the imperfection which may lead to disastrous economic impact. Although corrective intervention policies by government may not necessarily address the underlying imperfection induced by

The following are some ideas to help you pick a topic for the Market Failure Research Paper assignment. Consult with your instructor if you are having trouble picking a topic.

Numerous diseases that used to be widespread in the U.S. are now nearly eliminated. “An epidemic of rubella in 1964-65 infected 12½ million Americans, killed 2,000 babies, and caused 11,000 miscarriages. In 2012, 9 cases of rubella were reported to CDC.” (What Would Happen If We Stopped Vaccinations?) Another disease that prevailed before its vaccine was polio, as you can see in this graph. The red line shows when the polio vaccine was introduced. In 2014, CNN reported that “Just five years ago, India was home to nearly half the global polio cases and considered one of the most technically difficult places to eradicate the disease, because of sanitation challenges and high-density population. India has been certified polio-free by the World Health Organization after going three years without an endemic case of polio. The eradication of polio in India is heralded as one of the biggest achievements in global health efforts.” (Madison Park) However, this isn’t the only success story, these are the percent decreases of before and after certain vaccines were introduced in the U.S. Here, diphtheria has a 100 percent decrease in the U.S after its vaccine was introduced. From 21,000 cases of diphtheria, there are now ZERO endemic cases in the U.S. What about measles? Before its vaccine, there were roughly 530,000 cases each year in

Analyze the current health care delivery structure in your state. Compare and contrast the major determinants of healthcare market power.

“Proponents argue that vaccination is safe and one of the greatest health developments of the 20th century. They point out that illnesses, including rubella, diphtheria, and whooping cough, which once killed thousands of infants annually are now prevented by vaccination” (“Vaccines”). Many deaths occur simply because children, along with adults, do not get the required shots needed. Medical treatments are not given to do a person any harm, but to keep a person and environment safe. Kids being vaccinated will give them less of a possibility to obtain a disease that could lead to death. Benefits outweigh any possibility of risking accumulating a disease. When people say that vaccinations are harmful, does not necessarily mean to develop a deadly disease, simply means some small risks. “Vaccines are not entirely harmless, but the small risks are outweighed by the benefits of a disease prevention” (Offit). Indeed flu shots must be tested in order to be able to give anyone the shot. Receiving vaccinations is only meant to help people prevent many illnesses and deaths. Although some small risks could be accumulated, those small risks are very small possibilities of anything happening to anyone. Getting immunized is not a one-time thing; people must follow up on required dates to receive them.

Markets are the institutions where the exchange of goods and services among individuals collective agents occurs. The exchange of these goods and services utilizes money as the medium through which equivalence of worth and value is given to the goods and services (Keech and Munger 4). This leads to the formation of prices given for the goods and services. Additionally, markets may be categorized in accordance with the commodities and services traded in them where these categories entail financial markets, labor markets, and housing markets. Similarly, the scope under which these items are traded may provide another level of categorization where some may occur throughout a region, nationally or internationally (Pinotti 2). These may be coupled with categorization in terms of structure where various entities include competitive markets, oligopolistic markets, and monopolistic markets.

The Center for Disease Control describes vaccines as the greatest development in public health since clean drinking water. For several decades, vaccines have saved countless lives and helped eradicate some fatal diseases. The push to do away with vaccines will not only endanger our youth, but our society as a whole. Vaccination is needed to maintain a healthy balance within our country. Vaccines provide the immunity that comes from a natural infection without the consequences of a natural infection. Vaccinations save an ever-growing amount of lives every year. The Center for Disease Control (CDC) estimated that 732,000 American children were saved from death and 322 million cases of childhood illnesses were prevented between 1994 and 2014 due to vaccination (“Vaccine ProCon”).

Despite significant progress in the fight against preventable disease, millions still die needlessly each year. According to UNICEF, originally known as the United Nations International Children’s Emergency Fund, a vaccine preventable disease is responsible for 2 million fatal infections worldwide each year. About 75% of these deaths occur in children under five years of age. (N) In more vivid terms, UNICEF notes that vaccine-preventable diseases kill a child every 20 seconds. (D) Due to high rates of childhood vaccination, the United States has experienced a dramatic reduction in such deaths. A comparison of the years 1950 and 2010 clearly illustrates the benefits of vaccinations. During this 60-year period, deaths from diphtheria reduced from 410 to 0, tetanus from 336 to 3, pertussis from 1,118 to 26, and polio from 1,904 to 0. Measles deaths dropped from 468 in 1950 to 0 in 2008, the last year a United States death rate was recorded. It’s not surprising that vaccinations have been touted as one of the top ten health achievements of the 20th century by the Centers for Disease Control and Prevention (CDC).