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Health care (Government finance (Rising demand leads to higher government…
Health care
Government finance
Treatments getting more expensive
Health tourism
Ageing population with more health issues
demand for health care rising - normal good
Labour intensive
Rising demand leads to higher government expenditure
fiscal implications
Rising PSNB
inequity
Rich can afford private health care
Rich articulate needs better
who to prioritise?
Do we treat those with self-inflicted disease?
Postcode lottery
Method of provision
Private insurance scheme
Private system Pay on demand
State funded treatment e.g. NHS
Austerity and limited resources
Labour market
Shortage of staff
Monopsony pay
Recruitment from abroad - Brexit may threaten this.
Living standards
Life expectancy
Higher productivity
quality of life
Merit good ...
Under-consumption
unable to afford treatment
negative externality of spreading disease
Imperfect information - not knowing one is ill