Part 1. What is meant by the socially optimal level of health care?

Part 2. What is a consumption externality for health care?

Part 3. Will a freely competitive market without philanthropy yield a socially optimal output when there are consumption externalities?

Part 4. If individuals are fully insured for all healthcare services, will this necessarily result in a socially optimal amount of insurance coverage?

Part 5. List and discuss five goals of health policy.