Question

In: Economics

Do you agree that the NHS should be at least partially dissolved and a market is...

Do you agree that the NHS should be at least partially dissolved and a market is driven healthcare system be introduced in the UK? Why or why not? Provide diagrams

Solutions

Expert Solution

From 1997 to 2007, productivity of NHS declined by 4.3 per cent. Scholars have found that competition has a substantial impact on enhancing autonomous levels of the quality of management in hospices &, in turn, efficacy. Market set up & competition can mirror & respond to many individual preferences in a manner no other economic system can; &, via the probability of losing on business & incentive to obtain more, healthcare providers are driven to continuously give a better deal. Under central planning, though, the lack of these incentives restricts innovation to whatever the system can present ; employees tend to be discouraged; & there is no satisfactory system thru which requirements & preferences are revealed & fulfilled . But, this isn’t a contention for a free market in healthcare sector; it is a contention for market-driven system over central planning. There are 2 crucial things a market cannot attain which the state can- regulation & guaranteed universal coverage. The concern, then, is whether the inventive & client- centric features of markets can be coupled to progressive ends; whether they can function effectually in frameworks committed to universal coverage & upholding solidarity. European nations, like Netherlands, with historically more commitment to parity than the United Kingdom , have proved this is possible; &results are by & large better for it. The same can occur in UK if competition operates along apt lines.


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