Explain how externalities contribute to healthcare costs

Reference no: EM133551034

Discussion Post: Healthcare Economists

Healthcare economists argue that the healthcare market behaves differently from conventional markets due to government involvement, externalities, asymmetric knowledge, and uncertainty. The prevention and spread of coronavirus disease 2019 (COVID-19) helps with your understanding of externalities.

Explain how externalities contribute to healthcare costs, insurance costs, and quality of services, and detail what practices can mitigate the effect of externalities on healthcare expenditure.

Reference no: EM133551034

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Explain how externalities contribute to healthcare costs : Explain how externalities contribute to healthcare costs, insurance costs and quality of services, and detail what practices can mitigate effect of expenditure.

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