Compose an essay that argues which health care system is better in terms of economics. Analyze the reasons for your determination by covering these points:
scarcity and allocation of resources
incentives
role of the government
how prices are determined
benefits and drawbacks for consumers in the UK and US
benefits and drawbacks for producers in the UK and the US
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think that the US healthcare system is the better in terms of economics because it is private and the wait time is shorter. The healthcare is private like Medicare and Medicaid which provide certain services to certain segments in US.Since they are private the workers and health facilities are also priavte while in the UK they are public. Another plus of them being private is faster treatment
and more advanced technologies, which in turn makes them very relieble to the US. This brings me to my next point on how the times for are shorter than the UKs. In the UK sometimes people with have to wait months and maybe years to get certain treatments they need. In the US the wait time could be in a few daysor a few weeks.
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