Write a short (2-3 page, double-spaced, typed) essay identifying and describing the current state of the health care industry using the tools we have studied this semester. You will find an overview of the economics of health care in chapter 30 and a discussion of Medicare in Chapter 5. Also, in your paper list the pros and cons related to the health insurance industry along with a short explanation of health insurance. You are asked to develop your own solution to this social issue. Your answer in terms of what you think is the socially optimal solution versus the economic least cost solution, but you must understand and explain the economic costs of your decision.
SAMPLE SOLUTION
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Write My Essay For MeCurrent State of the Health Care Industry
The current state of the US health care system is quite recommendable. The desire to have universal healthcare has seen most Americans access health care especially with the introduction of the Obama care. However, this needs to improve because, whereas the US spends more of its budget on health care when compared to other developed Nations, the rate of mortality among infants as well as the general life expectancy among women is still low. Therefore, access to health insurance still needs to be advocated for among all Americans (Karlsson, 2016).
The advantages of insurance are that all Americans will feel secure as they will save a lot of money when the insured or the beneficiary falls ill. It also promotes health accessibility to all American citizens…
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