Market-Driven Healthcare System

Healthcare
Name
Institution
Healthcare
Healthcare is different from other consumer purchases because patients cannot make standard consumer decisions as to others. Purchasing healthcare cannot be compared to purchasing furniture or any other products. Customers seeking to buy other products can walk away if they do not agree with the price tagged to the product. On the other hand, healthcare is a necessity and one cannot substitute it for any other product, and therefore, they have to purchase it regardless (Nickitas et al., 2020). Patients also lack knowledge of what they are precisely doing as they are buying healthcare services while other consumers usually understand what they exactly want before they can purchase.
A market-driven healthcare system is quite challenging since it does not allow patients to involve the payers of their healthcare cost. For instance, a patient will easily make a decision based on the diagnosis and recommendation the doctor has offered them and end up agreeing to such decisions even without con...