Question

In: Economics

Carefully read the information below, and then do three things with the data. (1) Make two...

Carefully read the information below, and then do three things with the data. (1) Make two columns (one for costs and the other for benefits) and place each piece of information in the correct column. (2) Prioritize each list, from most important to least important. (3) Write a three-paragraph analysis. Paragraphs one and two should explain why you feel the top two costs and top two benefits are the most important. Finally, paragraph three is your analysis, based on your interpretation of all the facts listed below, explain whether you believe we should pay donors for organs or not. The paper should be typed and no more than one page in length. 1. Under the current system, roughly 30 Americans die every day waiting for an organ transplant. This number would drop significantly if a price rationing system were adopted. 2. Some people are concerned that if we pay donors it will reduce altruism and replace it with greed. 3. Even worse, several studies suggest that paying for donations may actually reduce the incentive for people to choose to be organ donors after death. 4. Payments for organs will help families of the donors pay for burial costs and other death related expenses. 5. The group “Taxpayer Protection” claims that if more organs were available, the government would spend even more money on Medicare funded organ transplants, thus increasing the national debt. 6. However, at studies have shown that organ transplants can be much cheaper than terminal medical care (taking care of patients as they slowly die from lack of a transplant) as long as the patients live at least three years after the surgery. 7. Minorities often wait longer for transplants because fewer minorities donate their organs so there are not as many close matches. Price rationing could help alleviate this problem, as more organs should be available, thus increasing the chances for a close match. 8. Some people are concerned that creating a market for organs might lead to people being killed to harvest their organs to be sold to others in need. 9. A group of religious leaders is concerned about coma patients. They fear that if families of coma patients know they can make money from the sale of the organs they might be more inclined to “pull the plug”. 10. Some people are very concerned that price rationing of organs could benefit the rich at the expense of the poor. 11. If the market is able to eliminate the shortage of organs in the U.S., hospitals could treat patients from all over the world and save more lives

Solutions

Expert Solution

Importance COST Benefits
Most important Payment to the donars.(100,000$) With this more people will come forward for donations of organs and it will benefit the family.And government can also cutoff the cost of operation , because of high supply of organs.
Important Hospital cost should be minimal.Like it should not burn the pocket of patients and its family. With this, patients can afford the cost of transplant and can survive at least for 3 years.
Least important Low money should be paid to the family of the donar or to the donar. Because if government will start paying high amount for this, then family will start donating coma patient organs even if that person can recover.And patient is also not conscious to agree for the organ donation.

The first important factor is donar should get some handful of money or to its family.Because we humans are greedy people and not every one is a social worker.So, best possible way to increase the amount of organs donation is to pay them with good money so that every other will come forward for donation.

The second most important factor is less expense for the patient for transplant , so that every other person will be able to pay the minimal fees.

Analysis-We should pay the donars for the donations but we should not go for the market business.Organ donation is a sensitive matter and people should not take it as a business.Donar should be directly paid and no third party should be involved in it.For miniorties if any minor person is ready to donate then some amount should be given to the family but not huge amount.


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