Healthcare, Instability Risk and Cost Increases

David Mayston (davidmays011@alumni.york.ac.uk)

Discussion Papers from Department of Economics, University of York

Abstract: In this paper we examine conditions under which instability risk and sustained labour cost increases can arise in a healthcare system that seeks to combine public sector healthcare provision that is free at the point of delivery with the availability of elective private healthcare at a positive user price. A key role is played by potential labour market shortages for public sector providers in impacting on their quality of healthcare, and by the density function of consumers’ net income to finance alternative private healthcare. Variables and parameters which influence the tipping point between stable and unstable outcomes can then be identified. The extent to which macro-economic increases in the rate of economic growth in the wider economy can overcome potential difficulties will also be examined.

Keywords: Healthcare Labour Market; Instability; Cost Increases; Public Healthcare; Private Healthcare. (search for similar items in EconPapers)
JEL-codes: D40 I11 I13 J45 (search for similar items in EconPapers)
Date: 2025-02
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Persistent link: https://EconPapers.repec.org/RePEc:yor:yorken:25/01

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