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In: Economics

Suppose that a government agency guarantees to pay all of an individual’s future health care expenses...

Suppose that a government agency guarantees to pay all of an individual’s future health care expenses after the end of this year, so that the effective price of health care for the individual will be zero from that date onward. In what ways might this well-intended policy induce the individual to consume “excessive” health care services in future years?

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Expert Solution

As government agency guarantees to pay all of an individual' s future health care expenses due to this the effective price of health care for individuals will be zero. This can be implemented for individuals to consume excessive health care services in futures are given below:-

1: Before implementing this policy govenment should go for or world health report, due which they can estimate the aggrigate percentage of people who are suffering from health issues . which helps govenment to insure the number of hospital in need able place as well as required number of doctors so that in future there is no any problem will occurs regarding hospital and doctors and peoples from diffrent region can utilize health care sevices in excessive amounts.

2:Government should focus on quality of doctors.

3: now days corruption is on the peak so govenmwnt should also focus on this due to this all categories people can able to consume this facilities in excessive amounts.

Rahul Sunny answered 1 year ago
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