Read the following question and description then discuss

1. "The best possible healthcare policy is to leave everything alone and let the efficient healthcare markets solve everything."

• Do you agree or disagree with this statement? Are there reasons why the government should or should not be involved in healthcare? Explain using what you've learned about healthcare markets throughout the course.

Note: you should use positive economic reasoning and refrain from making normative arguments.

1. Talking heads, policymakers,and politicians often argue that rising healthcare costs in the United States are bad, and use this to argue for policies to reduce prices. Using your knowledge of economics:

• Explain why you should not make policy decisions simply because you observe high prices (or low prices) in the market.
• Give two demand side and two supply side factors that might explain rising healthcare costs/prices in the US.