Question

In: Economics

In the United States we have markets for hospital care, skilled nursing care,home care, and nursing...

In the United States we have markets for hospital care, skilled nursing care,home care, and nursing home (long term care) that are interdependent with regard to both demand and supply. In your initial post, address the following:

How does this compare to other nations?

What services are and are not covered in other nations?

What changes could be implemented within the current system to improve efficiencies and distribution in both markets?

Solutions

Expert Solution

The US has a vast healthcare system that has received considerable criticism . The US healthcare system differs from those abroad as the healthcare facilities in the US are multifarious as regards home care and nursing care in particular. Such varied forms of care are not available in several other countries. Other nations bundle care in terms of its healthcare rather than segmenting the services that the US does. There are no such dismemberment in terms of the healthcare. Other nations rarely provide home care for instance. The Obama care plan came under much criticism but it was actually the best plan that could make care affordable for people with major illnesses and diseases. The aim should always be to keep healthcare doctored by the government as much as possible and ensure that careful checks and balances are imposed. A bundled pricing approach to healthcare would also prevent inefficiencies and allows healthcare to be more affordable.


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