 UNEASY COEXISTENCE: PROFIT MAXIMIZATION AND AFFORDABLE HEALTHCARE IN THE USApplied Econometrics and International Development, 2019, vol. 19, issue 1, 55-80 Abstract: This paper evaluates market and policy responses to the healthcare problem in the US. It examines pricing mechanisms, medical malfeasance, and the judicial and legislative valuations of human lives. It affirms the theory that perfunctory public policies are ineffective when markets are inefficient and incapable of dealing with social issues that have positive external effects. I find that the decomposition of penury classes for federal assistance is not statistically different though the decomposition provides an expedient framework for public policy and federal government assistance to the poor. Additionally, the philosophical motives for valuing human lives in the US courts of law and legislatures produce inconsistent results, with the legislative response—and contrary to expectation—showing a large degree of variability in the value of human lives. The paper proposes that specificity rules be utilized to address the problem of inadequate healthcare when healthcare markets and policies produce inefficient outcomes. Keywords: Healthcare; Human Capital; Medical Malpractice; Market Failure; Poverty. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:19:y:2019:i:1_5 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development |
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