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Some economists have argued that if the government wishes to subsidize health care, it should instead provide predetermined amounts of payments (based on the type of health care problems experienced) directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?

Short Answer

Expert verified

governmental health care funding is important for the economy's development and growth

Step by step solution

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01

Given Information

The government needs to take a dynamic job in the general medical services framework to increment public government assistance.

02

Explanation 

The needy individuals of the nation can't benefit from the medical care administration. Assuming that administration meddles and gives them general medical services, their efficiency will increment and therefore can lessen the destitution somewhat. Social government assistance will improve generally by government intercession in the medical care market. Hence governmental health care funding is important for the economy's development and growth.

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