Question

2 Give an example of a healthcare circumstance in which both public and private regulation are present. Which serves the consumers better and why?

3 Assuming you are the manager of a company, how could you use behavioral economics to increase the number of insured employees in your firm?

Answer 1

The public private partnership in the health care will increase the efficiency and providing incentives in the sector. One of the best example for the PPP is the concession agreement for clinical laboratory in public hospitals. These clinical laboratories are mainly from private sector. They have highly technological equipments that the public ownership laboratories. This will increase the customers to these highly equipped laboratories. They will give fast results than the public. The privates were under the control of government. This will increase the efficiency of different health care sectors under the public enterprises. There is also concession rates were followed in this laboratories. This will create an integrated clinical laboratory network using automated techniques. This type f consulting and clinical management will promote the rational use of laboratories.
As a manger through insurance policy providing to the workers will increase the number of workers. This will enhance the workforce. According to behavioural economics, every worker wishes for insurance in their work. Giving insurance will protect their life and also their family. So most of the worker will prefer this insurance guaranteed works. Through signing the insurance agreement the company gives full protection till the last day in the company.