Healthcare has been an ongoing debate in our society for the last 20 years. Trade-offs force society to make choices when faced with these three fundamental economic questions:
- What healthcare goods and services will be produced?
- How will healthcare goods and services be produced?
- Who will receive the healthcare goods and services produced?
In your original post, answer the following:
- How do you think the healthcare debate in our country should be resolved:
- Free market (personal responsibility, little to no government intervention)
- Mixed economy (similar to the system we now have, but more government intervention, as in some European countries)
- Centrally planned (single payer, socialism, government run, as in Canada or Great Britain)
- Why do we have to ration healthcare at all? Why not unlimited healthcare? Think in economic terms. What is at least one of the trade-offs and opportunity costs of your opinion?