Here is the synopsis of our sample research paper on The Aging Population and Socialized Medicine; An Economic Approach. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper considers two related questions, firstly the reasons that justify socialized medicine, this includes issues such as market failure, asymmetry of information leading to moral hazard as well as the ethical approach that favours a utilitarian system. The second part of the paper then considers how the economy is changing due to an increasingly aged population, and why this will impact on the economy. Population graphs are included to demonstrate the way that the population structure is becoming more top heavy. The bibliography cites 4 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEagepop.rtf
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Unformatted sample text from the term paper:
There are many reasons for this, form the way that we see market failure in the medical sector to the manner in which ethically a utilitarian approach can be justified
as meeting the greatest needs. Market failure can be seen to occur due to a mismatch in the supply and demand. As with any market there is a desire
by suppliers to supply the areas that arte the most lucrative. Unfortunately in medicine some of the areas where there is the greatest demand are either unprofitable, or there is
little is any money available to pay for. The highest demand does not have the amount that is required to meet the minimum costs of supplying that market, and therefore
market pressures to not operate to bring the cost of healthcare down. We can also argue that this is also an area where there is an aspect of asymmetrical information,
which invariably leads to potential moral hazard. There are many examples we can state, however, there are few that would argue an doctor or health provider will have a great
deal more information regarding the care available for different conditions, preventative medicine and the results of the different types of treatment. This may lead to those with the information making
assumptions, leading to moral hazard, as well as those that do not have the same level of information being disadvantaged. One example may be immunisation. For those without the
funds to provide for care in terms of immediate sustenance needs, the cost of immunisation may be seen as irrelevant. However, for society as a whole, the cost of not
immunising and the long term costs would be much greater should an epidemic break out as well as on a simply individual cost basis; it is cheaper to immunise than
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