Question
1.2 In the United Kingdom, the National Health Service provides free hospital treatment, a free general practitioner service and free prescriptions for certain categories of
1.2 "In the United Kingdom, the National Health Service provides free hospital treatment, a free general practitioner service and free prescriptions for certain categories of people. Their marginal cost to the patient is thus zero. However, these services use resources, and it thus has to be paid out of taxes. The question that arises is why are these services not sold directly to the patient, thereby saving the taxpayer money." In terms of the above statement, use the following factors to assess why a free market would fail to provide the optimum amount of healthcare. 1.2.1 The issue of equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started