Public Hospital Vs. Private Hospitals

Why do people generally prefer public hospitals instead of private hospitals?

Public hospitals are run by government’s annual budget through Medicare. This public system is run by taxes paid by the people living in the area. In most of the countries, health care is in the top five services to be considered. Public hospitals can be afforded by anyone. Government hospitals are alot advantageous to poor people who can’t afford private treatment. People can have free treatment when they are sick. Like x-rays, blood tests, taking prescription from doctors for medicines and some other test and services are provided for free. People are bound to choose the doctor they want them to examine. Medicare sometimes doesn’t cover some part of doctor’s visit as they have highly qualified doctors and people have to pay some money towards cost of these little things. The cost and expenses vary accordingly in government hospitals.

Whereas private hospitals are made privately and are not run under the government’s budget. These can cost people a lot. Private hospitals cannot be afforded by everyone but can only be afforded by rich citizens. Most of the rich citizens claim to prefer private hospitals because they provide treatments of various diseases and illness that a government hospital cannot provide as government’s annual budget cannot afford to handle expenses for some serious diseases. Private hospital provides space to treat patients perfectly. A private hospital is equipped with new equipment which makes the treatment more costly. Private hospitals usually have fixed costs for every treatment. Students in economics study that every economic enterprise has a fixed, variable, and increment costs.

Public hospitals need to face much more challen...

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...e profit. In the following year of 2014, price of tin is again about to rose as Indonesia introduced new transaction rules and had cut off about 90% of tin supply (Melanie & Michael, 2013).

Decrease in price

During the year 2008, the demand of tin from the electronic firms were decreasing. During the months of July to December there was about 50% decrease in price of tin. Possibly the reason behind it is lower demand and excess supply of tin. This caused surplus and as the total demand falls, the price and the output falls correspondingly. When the price of tin fell, most of the buyers tried to secure metal for later purposes. They secured metal from everywhere including LME warehouses (London Metal Exchange). So that they can sell it to consumers on higher prices in following years.

These reasons caused severe fluctuations in the price of tin in last five years.