What market failure is the state correcting

Reference no: EM133191275

Question - Theme - Provider (hospital, physician and all clinician) quality

What market failure is the state correcting by requiring the licensing of health care providers? Could the private sector have the equivalent effect? Compare the advantages of a public regulation system to the advantages of a private regulation system. (3-4 pages)

Currently the State only provides a license permitting medical practice, which is essentially a quality floor. Should the state do more, such as ranking physician quality? Should the state do less by not requiring a license to practice medicine? (3-4 pages)

Reference no: EM133191275

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