Wednesday, May 6, 2020

Expanding The Pool Liberal Economists Argue And...

Expanding the Pool Conservative economists argue and decry a regulated health care system because of an â€Å"adverse selection problem†. One way to lower the price of health care and in turn lower medical insurance is to expand the â€Å"pool† of insurance users. So to combat that problem, it is recommended to take a similar approach as in Japan, which boasts the second largest economy and the best health statistics in the world. For example, the Japanese go to the doctor three times as often as Americans, have more than twice as many MRI scans, use more drugs, and spend more days in the hospital. Yet Japan spends about half as much on health care per capita as the United States. By law in Japan, everyone must buy health insurance -- either through an employer or a community plan -- and, unlike in the U.S., insurers cannot turn down a patient for a pre-existing illness, nor are they allowed to make a profit. This approach expands on similar to that of large corporations of 500 or mo re and pools their resources. Indeed, the entire country loses because of the lost productivity of those whose diseases and disabilities are not addressed because of a lack of health insurance. Currently, there are serious gaps in both public and private health insurance programs in the United States, and these gaps limit access to health care. Neither Medicare nor private employment-related health insurance provides much coverage for long-term care. Private health insurance plans are increasinglyShow MoreRelatedCase Studies: Sas Airline Ryanair80169 Words   |  321 Pagesfostered entrepreneurship and innovation, as a reaction of firms to adapt to the change in their context. The reaction of Ryanair and SAS through entrepreneurial and innovative behaviour was different due to the differences in their business model. 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