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Compose an essay that argues which health care system is better in terms of economics. Analyze the reasons for your determination by covering these points: scarcity and allocation of resources incentives role of the government how prices are determined benefits and drawbacks for consumers in the UK and US benefits and drawbacks for producers in the UK and the US Be sure to include specific reference to sources and a counterargument. Your essay should include an introduction, transitions, and a conclusion.

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Answer:

Have you ever wondered if your health care was effective? For years now both the United States and United Kingdoms have had their good and bad benefits which have been a cause for many of the recent changes to health care that they've experienced. We'll discuss how the economy and the government have effected the recent economy as well the benefits and drawbacks of these health care systems.

Both of these systems have their drawbacks however, the United States has recently made great strides to preserve and advance their healthcare system. The United States relies on insurance payments from their patients to allow for their doctors to allocate the release of newly developed drugs and technologies; these costly prices have led to money become scarce as many homeless or poor patients are unable to afford the costly price of health care. Many patients look to the quick response and the newly developed drugs and technologies that are not fully available in other countries. The health care in the United States is not controlled by the government and is instead influenced by the demand by the economy. Prices for health care are dependent upon how often a patient is admitted to the hospital it is also dependet upon the quality of insurance that is provided. A few of the benefits that you can expect is a speedy response as well as highly developed drugs and technologies. However, you can expect costly insurance bills as well as the rising increase in uninsured Americans. The benefits of producing health care produces include the increase of profits as there is an ever increasing competition between health care providers leading to better drugs. A disadvantage would be the constant overproduction of health care goods such as pain relievers which hurts the economy and producers. Although there are several disadvantages in health care the United States constistently provides modern and advanced medical treatment to all patients.

The U.K. on the other side provides free medical treatment for its citizens as opposed to the costly insurance of the United States. This however, comes with its downsides as advanced drugs and technologies are not available to the general public making them scarce as well as the government allocates or controls who needs medical attention immediately which leds to many people experiencing delays. One of the largest incentives for the peoples is that they have to pay little to no money for their medical visits which allows for all classes to recieve medical treatment. The government oversees who will recieve treatment as well as when they will recieve treatment, this of course leads to long wait periods between appointments. Prices are determined not by the market but rather by the government this means that most people can afford their perscriptions at a set price, this allows for most people to recieve moderately price perscriptions at a much lower price than in the United States. Consumers in the U.K. can expect to recieve some of the cheapest health care that a government can offer which allows for citizens to recieve needed medications and procedures. This however, means that delays and lengthy wait times are not uncommon as the government oversees its health care. Producers in the U.K. are able to sell most if not all of their productions and complete their proceedures, this is caused by the cheap price of medication which allows for more product to be sold. On the other side producers are not able to change their prices which can sometimes lead to the loss of profits. The health care in the U.K. seems to be advancing; however it is lacking in medical advancements and wait times for patients leaving many to have sub-part health care.

The United States as we have discussed is constantly making strides to further improve its health care as well as decrease the average cost for insurance therefore making health care more affordable to its citizens. They have continued to provide health care that is highly advanced and is readily available to most people seeking medical attention. In conclusion the United States is continueing towards a more affordable and effective health care system and the U.K. is lagging to create a health care system in which new drugs are readily available to its citizens.

Step-by-step explanation:

I wouldn't recommend copying and pasting as they may link it back to this page but, all you need to do is put it into your own words.

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