Final answer:
The Economic Liberty of the Bismarck Model is accomplished through government regulations that promote competition alongside tax-funded healthcare, ensuring access while maintaining market efficiencies.
Step-by-step explanation:
The Economic Liberty value of the Bismarck Model is achieved primarily through government regulation, such as enforcing contracts and collecting taxes while promoting a competitive market environment. This includes activities like blocking anticompetitive mergers and imposing price caps on natural monopolies, thus encouraging a greater degree of competition. Friedrich Hayek's perspective suggests that the prosperity of an economy depends largely on the free market's ability to allocate resources efficiently through supply and demand-driven price signals, without excessive government intervention. In the context of healthcare systems, economic liberty within the Bismarck Model could manifest through tax-funded healthcare, ensuring that citizens have access to medical services, while private competition continues to play a role to stimulate efficiency and innovation.