Two great examples of privately and publicly funded healthcare systems in the world would be the US and the UK. Both governments have roles to play by balancing the supply and demand of services, preventing failures within the market in the form of monopolies, exploitation or price fixing. Both have significant differences to their approach at healthcare. Incentives for each healthcare systems were rated into two types of financial incentives, rewards and penalties. These financial incentives are judged to be less acceptable. Both countries favor rewards over any penalties and it comes from the medical care that is offered. Treatment programs provided for various illnesses can help with income rewards vs just straight medical care. The National Health System has existed in the UK for well over fifty years. It offers a healthcare system that is free for everyone at the point of delivery. This type of healthcare is funded by the taxpayers as a benefit …show more content…
Our federal government ensures that public there is public access to emergency type services regardless of what their ability to pay is. The US also has publicly funded programs for healthcare that cater mainly to the elderly, children, and the low income or poor population. The role of the government should be to supply free services to the best of their ability. Policies are put into place to help with supply and demand. Both countries run monopolies on healthcare at some point on some level. While even medical facilities, like hospitals, might create localized monopolies because there may not be another alternative offering the same services they are. These monopolies can create economic carelessness due to social loss from retaining higher profits from personal gain. Which is why the government should be involved as a regulatory body to ensure that contracts are fair with facilities and
Dawson, D. (1995) ‘Regulating Competition in the NHS.’ The Centre for Health Economics (University of York.)
In the video provided “Sick Around the World”, writer for the Washington Post T. R. Reid travels to different countries and compares their health care system to the United States health care system. Reid finds that these countries have a system that lets citizens have health care without going bankrupt. Even though the U.S. is the top economic power in the world, the “U.S. health care system ranked 37th in the world in terms of quality and fairness.” (Reid) Our US health care system costs more than other countries for the same type of care and treatment. Among all the countries visited by Reid, there is a wide range of cost for health coverage.
Neighboring countries, United States and Canada have close ties to one another, share the same language and have many of the same fundamental and religious beliefs. It is an interesting debt as to which provides a superior healthcare system. In order to better understand the strengths and weakness of the two systems, this paper will review four important structural and functional elements of each system.
The U.S. healthcare system is very different from Canada’s; in the U.S., most of the citizens within the US are un- insured or under-insured. The U.S. healthcare system operates mostly by the private sector. The U.S. provides a mixture of private insurance, employee-funded, and government programs. As for any direct federal government, funding of health care needs for any of its citizens is limited to programs that include Medicaid, Veteran’s Health Administration Medicare, and Children’s Health Insurance Program, which generates from the taxpayers (McGrail, van Doorslaer, Ross, & Sanmartin, 2009).
Universal health insurance is available to everybody with an option to purchase private insurance coverage (The U.S. Health Care System: An International Perspective, 2014). Approximately 90% of the population uses the national system in which premiums are income based. The system uses 240 private insurers for a non-profit, competitive system. Insurance costs are significantly less than the U.S. due to cost negotiations for medical facilities, appointments, and prescription medications (Sick Around the World, 2008). B. United States Healthcare System Healthcare in the U.S. has recently been affected by implementation of the Affordable Care Act (ACA) of 2010.
Although many people refuse to see it, the foundation of universal healthcare is built upon socialistic ideas. In an industry where talent and intellect is required, value will no longer be placed on the expertise or skill of a doctor. There will be no profit incentive for medical providers if they are compensated the same regardless of the quality of treatment they administer. The two government-run health insurance programs, Medicare and Medicaid, are a perfect example of this. Medicare determines which doctor the patient sees, and what treatments are appropriate. It also determines the duration of the treatment, and compensation of the doctor. Financially speaking, these programs are bankrupting our government. According to the Objective Standard, “These two federal insurance programs compose nearly 20 percent of the federal budget, and the percentage keeps rising.” (Zinser, “Moral Healthcare vs. Universal Healthcare”). Doctors are paid far less from treating Medicare patients because of the insufficient funding of the program, and therefore have to turn away a lot of new Medicare patients. This is an example of what public healthcare will look like if this was prov...
A health care system that provides free health care services to its entire citizen can be termed as universal health care. This is a situation where all citizens are protected from financial costs in health care. It is recognized around the globe as it provides a specific package of benefits to all citizens in the entire nation. For instance, free health care can result to improved health outcomes. In addition, it provides financial risk protection and an improved access to health services. There is an increasing debate on how citizen should be provided with free medical services. Although United State does not permit free health care services it should have free health care for all citizens. This is due to the fact that healthcare is the largest industry in United State. Due to the fact that United State is a rich country, it should have a healthcare system that provides free services such as treatment for its entire citizen. This will play a significant role, as it will stop medical bankruptcies in...
2. The twin problems of the health care industry as viewed by society are cost and access. First of all, the cost of getting health care is very high and it is getting higher each day. This has been mostly caused by the combination of high cost and an increase in quantity of services provided to the communities. The other problem involves access to health care. American enjoy limited or no access to health care. Many efforts have been done to reform this, but still but still many people are left without access to the care. These two problems are related due to the fact that if the health care industry gets to high off course people no longer will be able to have any access to it. The higher prices are, the lower access people have to it.
An issue that is widely discussed and debated concerning the United States’ economy is our health care system. The health care system in the United States is not public, meaning that the states does not offer free or affordable health care service. In Canada, France and Great Britain, for example, the government funds health care through taxes. The United States, on the other hand, opted for another direction and passed the burden of health care spending on individual consumers as well as employers and insurers. In July 2006, the issue was transparency: should the American people know the price of the health care service they use and the results doctors and hospitals achieve? The Wall Street Journal article revealed that “U.S. hospitals, most of them nonprofit, charged un-insured patients prices that vastly exceeded those they charged their insured patients. Driving their un-insured patients into bankruptcy." (p. B1) The most expensive health care system in the world is that of America. I will talk about the health insurance in U.S., the health care in other countries, Jeremy Bentham and John Stuart Mill, and my solution to this problem.
Newman, Alex. “Examining Healthcare: A Look Around the Globe at Nationalized Systems.” The New American. 15 Sep. 2008: 10. eLibrary. Web. 04 Nov. 2013.
Gordon, M., Mintz, J., & Chen, D. (1998). Funding Canada’s health care system: A tax based alternative to privatization. Canadian Medical Association, 159 (5), 493-496.
The U.S. expends far more on healthcare than any other country in the world, yet we get fewer benefits, less than ideal health outcomes, and a lot of dissatisfaction manifested by unequal access, the significant numbers of uninsured and underinsured Americans, uneven quality, and unconstrained wastes. The financing of healthcare is also complicated, as there is no single payer system and payment schemes vary across payors and providers.
In many other countries the health care is government controlled and all citizens are provided government assisted health care. Most systems over in Europe are indeed government controlled and are taxed my wages. The United States government does not pay for most of its citizens healthcare in contrast. If you are fournate enough to afford insurance it's usually through your employer. In comparssion almost all government operated insurances provide better care for babies and pregant mothers than the United States system of health care. The United States system are more flexible than government aided systems though.
The United States health care system is one of the most expensive systems in the world yet it is known as being unorganized and chaotic in comparison to other countries (Barton, 2010). This factor is attributed to numerous characteristics that define what the U.S. system is comprised of. Two of the major indications are imperfect market conditions and the demand for new technology (Barton, 2010). The health care system has been described as a free market in
Monopolies are when there is only one provider of a specific good, which has no alternatives. Monopolies can be either natural or artificial. Some of the natural monopolies a town will see are business such as utilities or for cities like Clarksville with only one, hospitals. With only one hospital and there not being another one for a two hour drive, Clarksville’s hospital has a monopoly on emergency care, because there is not another option for this type of service in the area. Artificial monopolies are created using a variety of means from allowing others to enter the market. Artificial monopolies are generally rare or absent because of anti-trust laws that were designed to prevent this in legitimate businesses. However, while these two are the ends of the spectrum, the majority of businesses wil...