Medibank is Australia’s largest private healthcare insurer and one of the leading service providers created by the Australian Government in 1976. It has been operating as a government, business since then, though 30% of it was sold to the private sector. The complete sale of Medibank will promote more competition within the healthcare sector and drive better outcomes for all Australians. The government’s role in relation to private ownership is to regulate the businesses and allow them to operate according to the legislation put in place. The capitalism system requires private businesses to do what best suits market value and choose people who can operate the business effectively. However, unlike Sweden and Germany, Australian government does not own resources in order to deliver the services to the people but practices the free market model. The public doubt whether medibank privatisation will have a positive impact on low income earners. This essay will discuss several reasons why the privatisation of Medibank, should be implemented.
Privatisation is a way in which the government transfers public properties to private sectors ( ). It was adapted by the Australian Government as an essential way of generating revenues ( ). This policy was started by a Labor government and later adopted by Liberal as a simple way of making business industries competitive and to avoid the economic burden on the government ( ). Despite been highly criticised by economists as unfruitful, the liberal government is considering selling Medibank and other public properties to private institutions in order to address economic emergency and clear the debt left behind by the Labor government ( ).
However, privatisation has developed across the world as a me...
... middle of paper ...
...rivate Sale Bill 2006: Parliamentary Library Information analysis and advice for the Parliament. 30 October 2006, no. 47, 2006–07, ISSN 1328-8091.
Kaboolian, L (1998) ‘the New Public Management: Challenging the Boundaries of the Management vs. Administration Debate.’ Public Administration Review 58(3): 189–93.
Keating, M (2004) Who Rules? How Government Retains Control of a Privatised Economy. Sydney: The Federation Press.
Kelly, P. 2006. ‘How Howard Governs.’ In The Howard Factor, ed. N. Cater. Melbourne: Melbourne University Press.
Mead, M & Withers, (2002) Privatisation: A Review of the Australian Experience. Growth 50 December 2002.
Richard, D (1996) Telstra: privatisation Issues: Economics, commerce & industrial relations group. October 8 1996.
Stephen, P (2003) Why privatisation? A review of the Australian experience: Australian Economic Review, pp1, 2.
Private universities, private jails, private health-care and private water testing. What do all of these things have in common? They are all services the Tory government in Ontario has been trying to privatize with some disastrous results and possibly more to come. The Ontario government, lead by Progressive Conservative leader Mike Harris, has been slowly trying to do away with services that are currently administered by the province. The ideology in question, privatization, has been a hallmark of the Common Sense revolution. But so far the Tories have been slow to make a success of it. Attempts to privatize the Liquor Control Board and TV Ontario were put on the back burner because of low public support. As well, privatizing hydro utilities has already led to charges of price gouging. But by far the biggest headache is coming from the public outcry over the deaths from the E-coli outbreak in Walkerton, Ontario. Regardless of who the Tories look to blame, the issue continually keeps coming back to the privatization of water labs by the province. Yet now, with these other efforts stalled or creating political turmoil, the government is pushing ahead with its prison agenda.
The distribution of wealth in Australia by Frank Stilwell & David Primrose (2007) http://evatt.labor.net.au/publications/papers/226.html accessed on May 17, 2011
Recently, Canada’s health-care delivery system has undergone changes, affecting access to services. Although Canada’s public health-care system is universal, privatization of health-care services has increased in the past two decades (Ives et al., 2015, p. 150-151). Privatization is “a
2008, p. 144); in other words, the privatisation is a policy run and controlled by the government, this privatisation movement was based on human rights, control of prices and the regulations of the health services and social care in order to promote better outcomes and better standards of care.
The introductory of Canada’s health care system in the mid-20th century, known as Medicare, led the country into the proud tradition of a public health care system, opposite to America’s privatized health care system in the south. Though Canada’s health care system still holds some aspects of a privatized system, it is still readily available for all citizens throughout the nation. After continuous research, it is clear to state that public health care and the association it has with welfare state liberalism is by far a more favourable option for Canada, than that of private health care and the association it has with neo-conservatism. To help understand why public health care is a better and more favourable option for Canada, it is fundamental
In a world where the main political agenda is economic growth (Rydin, 2011), the New Right movement which appeared in the late 70s, early 1980s in Great Britain and the United States under the guidance of Margaret Thatcher and Ronald Reagan respectively saw the state intervention as an obstacle in attaining the potential growth contained in society. This ideology was inspired by the works of economists Milton Friedman, Frederic Hayek and Adam Smith who believed in freedom and that the market was the best entity to regulate many aspects of life, and including the property market (Higgins and Allmendinger, 1999). This idea was translated in the Thatcher era by a deregulation of the planning system.
The Australian health care system comprises both the public and the private health sub-sectors. The health care system concerns itself with the financing, formulation, implementation, evaluation, and reforming of health services. The main sources of f...
Peratta, Ed. ?Despite bumps in the road, privatization races on.? American and City and County Oct 1995: 50.
Australia’s resources otherwise known as factors of production – natural resources, labour, capital and enterprise, are relatively scarce, resulting in the economic problem of relative scarcity as we cannot satisfy all our needs and wants in Australia as they are unlimited. Collective and individual wants are
...ovision of value. Keeping within the Canadian perspective Kernaghan, Marson, and Boris (2000) stress that the concepts embrace three approaches to public sector governance. They are the importance of reducing the role of the state in society; importance of restructuring and reforming the nature and working of government organizations; and the importance of improving management capabilities and practices within the public sector through participatory decision making and employee empowerment. Even though this is a good way to reform government, the choice depends on the degree of support within government for substantial change to its way of organizing and delivering public service. Most Canadian governments have been more moderate and centrist in their application of NPM approaches, stressing managerial reforms over the wholesale reinvention of government systems.
Australia has had one of the most outstanding economies of the world in recent years - competitive, open and vibrant. The nation’s high economic performance stems from effective economic management and ongoing structural reform. Australia has a competitive and dynamic private sector and a skilled, flexible workforce. It also has a comprehensive economic policy framework in place. The economy is globally competitive and remains an attractive destination for investment. Australia has a sound, stable and modern institutional structure that provides certainty to businesses. For long time, Australia is a stable democratic country with strong growth, low inflation and low interest rate.(Ning)
Nightingale, Demetra Smith and Pinus, Nancy. "Privatization of Public Social Services: A Background Paper". 1997. Internet http://www.urban.org/pubman/privatiz.html
Privatisation means transferring the control of an enterprise from the government sector to the private sector. Generally, but not always, this also means transferring ownership of the Public sector enterprise as well as control.
Indeed economic rationalism tends to privatization of public utilities, like electricity, gas, airports, railways, telecommunications. Many other government bodies have been corporatized or required to operate on a pay-for-service basis. Privatization is not only an end in itself but also serves an educational function by transforming public attitudes toward ownership and economic responsibility. The result will be an increase in net economic welfare: the economy will become more dynamic and scarce resources will be allocated more efficiently. In capitalist theoretic, the profit motive is said to ensure that resources are being allocated
... privatization to cut down on its spending and public sector. Although tax payers continuously complain of high taxes and demand for a reduction in the public sector, it doesn’t however mean the demand for public services is declining. Government should therefore adopt measures and make fundamental reforms in the public sector.