Healthcare and the Competitive Market Structure Essay -- Health Insura

A competitive food securities industry is one that allows easy entry and exit a trade in which companies argon generally free to enter or to leave at will. This does not describe the health fear market in the US. in that location are certain assumptions that the competitive market set operates under or so assumptions, first is the consumer/ patient has full entropy astir(predicate) the nature of the service required, the anticipated results of their decision and the benefits obtain from the service. This is not confessedly in health keeping very much time the patient is direct at a distinct info disadvantage when they require health get by work such as insurance. If a patient purchases health insurance often they dont know enough information to ascertain if they take for purchased a quality plan. Second, consumers/patient and providers (physician, health insurance) operation in betently. This does not kick downstairs in health care because of the asymmetry of i nformation that exists patients must depend on the decisions made by their doctor or health care provider who is acting on their behalf as a health gene or gatekeeper. Sometimes physicians own diagnostic facilities or invest in health care organizations this affects their ability to be impartial. trine consumers bear the fiscal impact of their decision and are aware of monetary value differences most patients are insulated from the true cost of health care because of a third-party payer who bears the fiscal brunt of the decision to receive medical care. Shi and Singh state that nevertheless if a patient wanted to find out the cost of operate sometimes it is arduous because of item based pricing. Fourth there is delirious competition regarding wrong and quality among providers. Access to the health care market unrestricted is b... .... looking at back to look forward health care reform. Retrieved declination 16, 2010, from KPLU News Web position http//www.kplu.org/health_c are_script.htmlFederal alternate Commission, & Department of Justice. (2004). meliorate health care a dose of competition. Washington, DC U.S. Government feeling Office.Haft, H. (n.d.). Is health care a right or a allow? - health policy. Retrieved celestial latitude 17, 2010, from BNET Web site http//findarticles.com/p/articles/mi_m0843/is_1_29/ai_96500897/Shi, L., & Singh, D. A. (2008). Delivering health care in America a system approach path (4th ed.). Sudbury, MA bartlett pear and Jones.United Nations. (1976, January 3). International Covenant on Economic, affable and Cultural Rights. Retrieved December 17, 2010, from Office of the United Nations Commissioner for Human Rights Web site http//www2.ohchr.org/english/natural law/cescr.htm Healthcare and the Competitive Market Structure Essay -- Health Insura A competitive market is one that allows easy entry and exit a market in which companies are generally free to enter or to leave at will. This does not desc ribe the health care market in the US. There are certain assumptions that the competitive market model operates under some assumptions, first is the consumer/patient has full information about the nature of the services required, the anticipated results of their decision and the benefits obtain from the service. This is not true in health care often time the patient is operating at a distinct information disadvantage when they require health care services such as insurance. If a patient purchases health insurance often they dont know enough information to ascertain if they have purchased a quality plan. Second, consumers/patient and providers (physician, health insurance) act independently. This does not happen in health care because of the asymmetry of information that exists patients must depend on the decisions made by their doctor or health care provider who is acting on their behalf as a health agent or gatekeeper. Sometimes physicians own diagnostic facilities or invest in hea lth care organizations this affects their ability to be impartial. Third consumers bear the financial impact of their decision and are aware of price differences most patients are insulated from the true cost of health care because of a third-party payer who bears the financial brunt of the decision to receive medical care. Shi and Singh state that even if a patient wanted to find out the cost of services sometimes it is difficult because of item based pricing. Fourth there is unrestrained competition regarding price and quality among providers. Access to the health care market unrestricted is b... .... Looking back to look forward health care reform. Retrieved December 16, 2010, from KPLU News Web site http//www.kplu.org/health_care_script.htmlFederal Trade Commission, & Department of Justice. (2004). Improving health care a dose of competition. Washington, DC U.S. Government Printing Office.Haft, H. (n.d.). Is health care a right or a privilege? - health policy. Retrieved Decemb er 17, 2010, from BNET Web site http//findarticles.com/p/articles/mi_m0843/is_1_29/ai_96500897/Shi, L., & Singh, D. A. (2008). Delivering health care in America a system approach (4th ed.). Sudbury, MA Bartlett and Jones.United Nations. (1976, January 3). International Covenant on Economic, Social and Cultural Rights. Retrieved December 17, 2010, from Office of the United Nations Commissioner for Human Rights Web site http//www2.ohchr.org/english/law/cescr.htm