Health Economics and Policy
7th Edition
ISBN: 9781337106757
Author: James W. Henderson
Publisher: Cengage Learning
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Chapter 15, Problem 4QAP
To determine
The approach or policy that should be accepted to deter market failure and its key features are to be determined.
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Why would increased spending as a percentage of GDP on, say, household appliances or education in a particular economy be regarded as economically desirable? Why, then, is there so much concern about rising expenditures as a percentage of GDP on health care?
What are the “twin problems” of the health care industry as viewed by society? How are they related?
Discuss pros and cons of having government involved in providing and/or paying for health care. If government is to be involved, which level of government - federal or state - is in in the best position to play a role in the provision of health care? (There may be no clear answer here.)
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Health Economics and Policy
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