cost of the program from $1.5million per year to $2.5million per year. The additional resources are expected to reduce th

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter12: Medicare
Section: Chapter Questions
Problem 2QAP
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Currently internet scammers steal an estimated $79million per year from the Australian public. While the majority of the scammed funds leave Australia, around 30% of the stolen funds remain in the country. The Australian government has decided to add a specialised task force to the current government program to tackle internet scammers. This will increase the cost of the program from $1.5million per year to $2.5million per year. The additional resources are expected to reduce the amount of scams on the Australian public by an estimated $1million per year. What is the net social benefit resulting from the added specialised task force? = $______________ Million Provide a detailed explanation of the considerations in your decision. What are the implications of this policy from an ethical and social perspective.
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