Question

In: Economics

What role can suppliers (pharmaceutical companies), health care providers (doctors) and regulators (government) play in addressing...

What role can suppliers (pharmaceutical companies), health care providers (doctors) and regulators (government) play in addressing universal health care in Australia?

Solutions

Expert Solution

Pharmaceutical companies have gigantically boosted its innovative research and development centres and created approvals for new drugs at lower costs to cater to bottom of pyramid.

Healthcare providers amd doctors have ramped up service quality and ability to manage multiple patients and conduct mass trials ajd tetsts for new medication approval and vaccine development for dreaded diseases.

Australian authorities are implementing massive capital expenditure on infrastructure development, increasing physician availability and accessibility of hospitals in rural areas and leveraging unpccupied soaces for development of hubs and clinics for underprivileged. Medical health policies at affordable cost and susbsidised treatments are made available to make sure bottom of pyramid is reached across.

Physicians wages are improved for quality healthcare and higher emphasis on developing medical colleges for better supply lf doctors is made through.

Overall, dissemination of healthcare is made accessible, affordable and available in best possible manner.

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