РефератыИностранный языкUKUK Welfare State Essay Research Paper Good

UK Welfare State Essay Research Paper Good

UK Welfare State Essay, Research Paper


Good health is an important factor to an individual?s welfare. It is an


essential prerequisite for the enjoyment of life. For this reason the importance


of healthcare to governments is great and vast amounts of resources are


allocated to healthcare, for example in the UK healthcare equates for 6% of GNP.


Some argue that Healthcare is a social issue rather than economic but the


allocation of scarce resources and the inelastic demand for healthcare lends it


self to economic analysis. Equitable allocation of a commodity is one in which


everyone receives a minimum standard and quantity. So in terms of full equality


in the society everyone should consume the commodity equally. In healthcare this


argument becomes complicated, should everyone receive a minimum standard of


healthcare? Or should everyone get the best healthcare available? The truth is


that hospital buildings, doctors and medical equipment all take up resources.


The bes

t standard of healthcare could only be given if all of the government?s


resources were allocated to the provision of health. This would be a foolish


thing to do, as other commodities would not be produced which may be detrimental


to health and other aspects of life. Healthcare is different from all other


products in that the (supplier) doctor knows more about it than the (consumer)


patient. Consumers can distinguish between two types of product and choose the


one, which gives them greatest utility but with health care the patient is not


educated enough about medicine to choose between two treatments and must


therefore go with what the doctor recommends. This imbalance of knowledge gives


the healthcare industry suppliers monopoly power. A healthcare supplier could


lower the standard of service and not fear loss of customers. A doctor may also


recommend a treatment that is costly and therefore will bring in higher profit


for himself without the average person knowing any better.

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