Health Economics and Policy Addressing the RN shortage Two approaches have been proposed for eliminating the...

Health Economics and Policy

Addressing the RN shortage

Two approaches have been proposed for eliminating the shortage of nurses. As assigned below, explain why the approach is more likely to be effective in addressing the shortage.

In other words, you have been assigned a position in this debate. Explain why your position (as assigned below) is the best approach. Use both economics and practical concepts to support your position.

Assigned Position: Providing federal subsidies to nursing schools.

Solutions

Expert Solution

It shall be noted that a major shortage of nurses is projected by 2020.

Providing federal subsidies to nursing schools is expected to end this shortage. This is considered best approach because:

1) US universities & colleges are financially strapped as the result of which The US nursing schools cannot onboard highly qualified applicants.

2) Eliminating shortage of nurses has more of human welfare and healthcare angle to it and is not expected to be corrected by invisible market forces of demand & supply

3) There is limited educational capacity ( worsened nurse faculty shortage, budget constraint in higher education and scarce clinical placement options) as the result of which qualified applicants were turned away from degree programs such as baccalaureate and graduate nursing programs. Only federal subsidies can help increase intake of qualified applicants and improve necessary infrastructure.

4) The qualified applicants come from financially needed and disadvantaged backgrounds. To make the matter worse, nursing school is relatively more expensive than the institutions advertise and includes expenses for housing, meals, books, and lab fees and costs as much as $9970 in public university and $34740 in private university. Nursing students may also have to pay additional fees for background checks and clinical education supervision in addition to activity fees or fees for the use of fitness centers. Only financial help from the government could help them envision a career in nursing.

Rahul Sunny answered 1 year ago

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