1. Identify the three legs of the medical stool. Explain how trade-offs might take place among the three legs. If you had to choose one of the three to improve upon at the neglect of the others, which would you choose? Why?
The three legs of the medical stool are costs, access and quality. There are many factors when some hospitals or health care in general would trade-off in these areas depending on the status of the patient, insurance and the situation. I feel that the one that is neglected the most is costs, this is why the GDP in healthcare is higher than any other contributor in the world. I believe that if the cost of insurance, procedures and medications were at a better rate or more affordable that a lot of people including the world wouldn’t have a high debt amount from hospital or healthcare bills. The downfall to that is the doctors want to get paid, so depending on what is done this can either effect the patient or the doctor. If the doctor gets impacted moneywise then this can typically leadto the lack of care for their patients. This isn’t always the case but at the end of the day there is no such thing as a free lunch.
2. Does the U.S. health care system possess a privately or publicly financed health care system? Explain.
I would say both but it depends on the choice that the person makes on what type of coverage they want. Many people like private health insurances becausesometimes they have better coverage and can or cannot be pricy. Typically the public health care would be Medicare, Medicaid or even Obama Care. Many individuals would chose this, but with intentions that they cannot afford private insurance prices. I can say from learning about healthcare that they broadcast
3. Explain the change in the percentage of the U.S. population with health insurance from 1940 to 1980. Can you think of any economic factors that may have caused that change? Explain the change in the percentage insured since 1980....
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