Exceeds quantity supplied how will heath care be rationed

Assignment Help Financial Management

Reference no: EM13980665

Is it possible to provide health care without rationing? In 1948 every household in Britain received a leaflet stating that the new National Health Service would "provide you with all medical, dental and nursing care. Everyone - rich or poor, man, woman, or child - can use it or any part of it. There are no charges, except for a few special items."

a) This pioneering system of health care provision, which celebrated its 60th anniversary in 1998, was based on the assumption that the quantity of health care that would be demanded at a zero price is finite. The quantity demanded nevertheless overwhelms the quantity supplied at the zero price in Britain and all the countries that subsequently initiated similar systems and found themselves confronted by shortages of health care services. How would a shortage show itself in such a situation?

b) If health care is made available to everyone at a zero money price, and at this price the quantity demanded exceeds the quantity supplied, how will heath care be rationed?

Reference no: EM13980665

Questions Cloud

What should be the current stock price of hope : Hope Industries just paid a dividend of $2.00 per share (i.e., D0 = $2.00). Analysts expect the company's dividend to grow at 30 percent this year and at 20 percent in year 2. What should be the current stock price of Hope?

Health goals instead of developing a community coalition : Your HCO, like many, assists some community groups with specific health goals rather than support a community coalition with broad goals. What arguments would you prepare to address the governing board in support of developing a community coalition? ..

What will be your incentive contract plan : Supposed that you represent the shareholder board of Apple Inc. and decide to elicit high CEO effort to help the company: What will be your incentive contract plan (e.g. bonus, stock option…etc.)?

Result in the expansion of you international business : Consider a project that would result in the expansion of you international business (MNC) and answer the following questions: Describe how you would estimate the dollar revenue to be received from your business. Describe how you would estimate the ex..

Exceeds quantity supplied how will heath care be rationed : Is it possible to provide health care without rationing? In 1948 every household in Britain received a leaflet stating that the new National Health Service would "provide you with all medical, dental and nursing care. If health care is made available..

Is it possible to provide health care without rationing : Is it possible to provide health care without rationing? In 1948 every household in Britain received a leaflet stating that the new National Health Service would "provide you with all medical, dental and nursing care. Everyone - rich or poor, man, wo..

Bearing the risk associated with an individual security : According to the Capital Asset Pricing Model (CAPM), what determines the amount of reward an investor receives for bearing the risk associated with an individual security? Explain in detail why those things are the determinates.

Expected after tax annual cash flow : ABC Corp needs to raise capital to initiate a new 5 year product expansion with the following parameters: • Initial Cost = $28.5 million • Expected after tax Annual Cash Flow = $8.95 million • Cost of Capital = 15% What is maximum Flotation Cost Perc..

Navigation using bluetooth low energy beacons : Write a paper "Localisation and Navigation using Bluetooth Low Energy Beacons" You paper must include title page, background information, conclusion and references.

User Account

All Pages