list some advantages of Public Health Services
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Answer:
Advantages of Public Health Spending
Increased healthcare spending aimed at improving quality of healthcare services results to a decrease in medical care expenses through increased and improved access to new technologies that provide for new treatment options and treatment for large number of individuals (Newhouse, 1993).
At local level, healthcare spending is beneficial because it creates employment for healthcare specialists, increases wages for health care workers, expands local tax revenues and increases demand for related goods and services.
Disadvantages
Raising healthcare spending could lead to slow economic growth and employment (Monaco & Phelps, 1995). Raising healthcare spending has significant impact on federal budget (Monaco & Phelps, 1995). Many employees are interested in limiting their contribution to increasing healthcare costs by requiring their employees to increase their contributions or by providing different forms of coverage that potentially reduce available household income as more costs are shifted from employer to employee (Monaco & Phelps, 1995).