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An Imperfect Health Care System Writing Assignment (Essay Sample)


Discuss, in detail, why many consider the U.S. health care market to be "imperfect."


An Imperfect Health Care System
An Imperfect Health Care System
The US healthcare market is regarded as imperfect because it fails to pass the test of a free market. In a free market, every party has access to perfect information, and there are often no externalities that influence the production or the prices. Some of the reasons why the US healthcare market is considered imperfect include:
* Patients are not privy to any information regarding the price or the product early. In a perfect or free market, clients are expected to have information regarding the product and prices. However, in the healthcare market, patients are not privy to such details. Once you visit the physician, they often recommend certain procedures, medications, tes

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