Answer:
In terms of economics, both healthcare systems have major issues. The US and the UK both have
problems that arise in the health department. I can't say which is better because I have only been treated
by the US, but after extensive research I can honestly say that I would much rather have the healthcare
system that is in the United Kingdom. I'd much rather deal with the problems of free healthcare, than
extremely expensive healthcare. Due to my age, I have not yet had to deal with the problems in this
system, but I know someday I will.
In the US, most people know how expensive being treated for a medical condition can be without proper
insurance. This is a major economic issue we face in this country. As stated by YouGov, "Americans who
viewed the US system as not favorable thought that healthcare was too expensive and unfair on poorer
citizens, with insurers sometimes refusing to pay out." Wealthier people are favored over the poor. Many
people lack health insurance. This leads to a large portion of Americans who have no jobs, have no
insurance and in turn, are not able to get any medical services. This is actually great for the government,
because they end up paying less for health care services and products. The US government chooses to
spend their money elsewhere.
The UK doesn't have this problem because of it's free healthcare. But that doesn't mean that it doesn't face
other issues. Since profit is not the main incentive behind the NHS, and prices do not play the same role as
in a free market system, inefficiencies exist. The power of a competitive market suggests that the correct
quantity and quality of health care would be provided at minimal cost to meet consumer demand. This is
not the case for the NHS. They expect doctors to act in their best interests but this may not happen in a
free market. A doctor working for a company motivated by profit may act their best when deciding how to
treat a patient.
Health care in the US is provided by many separate legal entities both in the private and in the public
sector. This is a free market system , where anyone, regardless, can provide health care. It therefore
increases the competitive level of health care to consumers, increasing economic efficiency. In order for
them to stay in the market, they each need to maximize the quality of their products and lower the
costs. Furthermore, the US has some of the best medical research systems.
In the UK, the main aim of the NHS is to provide a high quality service available on the basis of clinical need
and not ability to pay'. It is also a huge job provider. It increases the productivity of the economy by keeping
the workforce healthy It also increases GDP by raising life expectancy and therefore lengthening the
average working life.
In conclusion, neither system is perfect and it is your opinion whether you think the US healthcare system
is better than the UK's. But I definitely think the system held in the UK works better. Their government truly
cares about every single persons life, despite some of them being poor. Yes, they spend more more money
on the health care services and products than the US, but that is actually a good thing in my opinion.
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