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Essay / Research Paper Abstract
This 5 page paper discusses the pros and cons of running health care systems on free market principles. Bibliography lists 7 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVFreMkt.rtf
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Unformatted sample text from the term paper:
see their own doctors but are prevented from doing so by bureaucratic red tape. This paper discusses the pros and cons of applying free market principles to the health care
system. Scope of the Problem In the United States, health care costs are rising at four times the rate of inflation, placing a staggering burden on employers, who often are
forced to cut benefits for their employees (Health insurance cost, 2004). The employees, in turn, are forced to pay for more and more of their own health care, which can
mean thousands of dollars per year in expense (Health insurance cost, 2004). In the U.S., "[H]ealth care spending is 4.3 times the amount spent on national defense ... [and]
15.3 percent of ... Gross Domestic Product (GDP)" (Health insurance cost, 2004). There are, at any given time, approximately 44-45 million Americans uninsured; most of them say they simply cannot
afford to buy their own insurance (Health insurance cost, 2004). (The average uninsured American is working, but may be self-employed, have a job that does not include benefits, or simply
be unable to afford the skyrocketing premiums.) Since 2000, "premiums for employee-sponsored health insurance in the United States have been rising five times faster on average than workers earnings" (Health
insurance cost, 2004). The rising costs are bringing hardships to insured and uninsured alike; the single biggest cause for personal bankruptcies is medical expenses (Health insurance costs, 2004). Everyone agrees
that something must be done to get these costs under control, but there is no agreement on the mechanism. Some favor the unregulated free market while others consider that price
controls and budget restrictions are best; well explore some of these options below. In Favor of the Free Market The free market is exactly what it sounds like: an unregulated
...