Explain why a market economy may or may not be an ideal solution for a healthcare system? How does the market for insurance and insurance copays affect the healthcare market? Patents for pharmaceutical products and other medical technology make healthcare more costly.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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Explain why a market economy may or may not be an ideal solution for a healthcare system?

 

How does the market for insurance and insurance copays affect the healthcare market?

 

Patents for pharmaceutical products and other medical technology make healthcare more costly.

 

Why do we have patents? Can you think of anything that could be done to remedy this situation?

 

What may be some moral issues with the allocation of healthcare?

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