Question

1. Markets and government regulations are both needed to provide healthcare goods and services efficiently and effectively.

Answer 1

In order to run a country well, the rule and regulation of the market and government of that country has an important contribution in any sector.Where the policy related to medical and health care is formulated and implemented by the government, its supply and demand are fulfilled by the market.For example, the contribution of both the government and the private sector is important for running health care activities like the National Health Protection Scheme and Obama Care, the health care program being run in India and America. Where regulations and regulations are made by the government and ethics are maintained. At the same time, the private sector is catering to the needs of people in these areas by fulfilling insurance medicines, health related problems and development of infrastructure and providing quality services in them.

While the government concentrates on the welfare program, it also invites the private sector to implement it.While the private sector wants to earn maximum profit, the government wants to benefit the people through the welfare program. Therefore, in order to keep the balance between these two, the government regulates the price of the private sector, through regulation, and accordingly the need is fulfilled in the market.

The private sector has a large amount of capital and investment. Therefore, they take this picture to greater heights by focusing on research and development and promoting new research and research in the field of health care and medicine. They are constantly encouraged to open new health-related dimensions. At the same time, the government also helps by regulating them and giving them various types of subsidies and other types of assistance. In this way both these and the government sector work together.