write some disadvantage of private healthcare system
Answers
1. Inequality.
It will be a bigger burden for those on low incomes to take out health care insurance. Those on low incomes may not be able to afford certain types of treatment. High income earners can afford to have privileged health care.
2. Health Care is a Merit Good.
People may forget, be unwilling or be unable to take out private health care insurance. A merit good means people underestimate the benefits. Therefore, the government should intervene to prevent this market failure of under-consumption.
3. Positive Externalities.
A good health care system can contribute to a successful economy. If people are treated quickly and efficiently it will help improve labour productivity. In a free market these positive externalities are ignored leading to under-consumption.
4. More Expensive.
Private Health care firms require a profit motive to make it worth while. Therefore, consumers must pay for not just health care but also the necessary profit margin. The US spends the highest
5. Bureaucracy
In US govt subside health care for people on low incomes through programs like Medicare. However, this procedure is very bureaucratic. It takes a long time to fill in the forms and get
6. Difficult to get money back.
Can be difficult to get Private insurance firms to Pay for the cost of treatment
Write some disadvantage of private healthcare system?
The following are the disadvantages of private health services:
- Private health services are very expensive, which are running by of private individuals.
- Private health services being in the hands of private individuals, they do their own arbitrariness and provide health services at the desired rate, and in compulsion, the person has to take expensive services for the sake of his family members.
- Individuals or companies running private health services only look after their own economic interests, they lack human sensitivity or sociability, they run private health services only for-profit purposes.
- Private health services are very expensive, due to which they are out of reach of the poor person. Only rich people are able to take advantage of these, and the common man is not able to take full advantage of these services.
- People running private health services sometimes encourage wrong practices for their own personal interests. which is wrong. They speak to patient to do unnecessary tests for their own interests, suggest to take unnecessary medicines, so that they get maximum benefit.
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One of the major function of public healthcare system is to prevent the spread of dangerous diseases such as TB, malaria, jaundice, cholera, diarrhoea etc. When is this possible
a. When all the work is done by the government.
b. When all the work is done by the citizens of the country.
c. When the government and the people work together to achieve this common goal
d. When everything is handed over to the private sectors