Reference no: EM132562429
Assignment: In the traditional market model, there are major assumptions that impact the ability of the model to function efficiently. So far in the course, we have reviewed the first eight of these assumptions. It is important to relate them to the current provision of healthcare to determine the workability of the traditional market model.
Tasks:
• List the first eight assumptions of the free market.
• Discuss how each assumption is important.
• Explain your conclusions for each of the assumptions relating to today's provision of healthcare.
From your course textbook, The Economics of Health Reconsidered, read the following chapters:
• Demand for Health, Insurance, and Services
• Special Topics in Demand: Externalities of Consumption and the Formation of Preferences
From the South University Online Library, read the following articles:
• Will Quality Report Cards Help Consumers?
• The Economics of Moral Hazard: Comment
• A New Estimate of the Welfare Loss of Excess Health Insurance
From the Internet, read the following article:
Deaton, A. (2003). Health, income, and inequality. NBER Reporter: Research Summary.