HLTC43H3 Lecture Notes - Lecture 9: Cost Accounting, Marketization, Decommodification
Document Summary
Purpose: to explore the role of market mechanisms and the private sector in the provision of health care. Health care markets have implications for access to care and for allocation of resources among members of society. Health care administration costs are lower in a single-payer system. Obamacare more successful at expanding coverage than reducing costs. Expands to more ppl but didn"t help to reduce costs. Is health care a typical commodity and what are the implications of a market approach to it? (bryant, 2009, pp. Pressure related to lower social and health spending. Set of institutions enabling exchange of good/service btwn buyers & sellers. Rules to what you can trade, and when. Mkts best allocate resources including income and wealth. Mkts more efficient in providing services rather than gov"t. Show up, provided service, part paid thru taxes, other part we must pay. Service provided by private sector thru contract o. No evidence private sector delivery saying it provides better care.
