In what ways do economists and policymakers who believe that market-based reforms are the key to improving the health care system criticize the Patient Protection and Affordable Care Act (ACA)?
What will be an ideal response?
These people believe that the market for health care should change so it is more like the markets for other goods and services, where the prices consumers pay and that suppliers receive would do a better job of conveying information on consumer demand and supplier costs. Increased competition in the market for health care services would reduce costs and increase economic efficiency. Those in favor of market-based reforms criticize the ACA for not adopting this approach.
You might also like to view...
You decide to quit your $40,000 a year job to go back to school. Your rent is $9,600 per year, you spend $6,000 per year on food, your tuition costs $24,000 per year, and textbooks cost $3,000 per year
Based on these numbers, what are your yearly explicit and implicit costs of going back to school?
High-income countries have ________ and ________ as compared to developing countries
A) high rates of savings; low rates of growth B) high rates of savings; high rates of growth C) low rates of savings; high rates of growth D) low rates of savings; low rates of growth