EC248 Lecture Notes - Lecture 11: Budget Constraint, Production Function, Normal Good
Document Summary
Ec 248 lesson 11 the supply side of health care provision: hospitals & pharmaceuticals. Distinguishing between the physician as a supplier of labour and human capital, and the practice as a producer of physician services. Health care can be provided publicly or privately meaning: Public provision: services provided by employees of an organization owned by local, regional, provincial or federal government. Rationale is publicly provided service will be equitable. Private provision: services delivered by employees of an organization with private-sector owners (limited-liability firms, partnerships, sole-proprietorships, etc. ) Rationale is on belief privately provided services are produced more efficiently. Delivery of health care can be done by organizations with different profit motives, not-for-profit, not-only-for-profit or for-profit. All three types can be either public or private (ex. Physicians in canada are mostly private not- only-for-profit, while physicians in the uk are mostly public not-only-for-profit.
