Extreme Capitalism In Healthcare

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Extreme capitalist capitalism adopts non-interference in markets and leaves it to provide community health care. This would be acceptable if all members of the community were able to access health care on their own resources and found a competitive market for health service providers from insurance companies and health care institutions. The competitive market requires several things, the most important of which is the availability of similar information among a large number of service providers and goods and demand. Historically, historical experiences in all countries and societies have proven that markets fail to provide health care to all members of society. In general, markets fail to provide satisfactory health care because the goal of …show more content…

Extreme capitalist capitalism adopts non-interference in markets and leaves it to provide community health care. This would be acceptable if all members of the community were able to access health care on their own resources and found a competitive market for health service providers from insurance companies and health care institutions. The competitive market requires several things, the most important of which is the availability of similar information among a large number of service providers and goods and demand. Historically, historical experiences in all countries and societies have proven that markets fail to provide health care to all members of society. In general, markets fail to provide satisfactory health care because the goal of health service producers is to maximize profits, while society aims to maximize health benefits. Markets also do not work because the benefits of social health care are higher than their personal benefits. Therefore, they are distinguished services that the state must intervene in providing, legalizing and ensuring access to all segments of …show more content…

Health care can be obtained from the market either through pocket payments or the purchase of health insurance coverage. Many individuals and families can pay out of the pocket in case of minor illness, but it is difficult for many to afford the costs of chronic diseases, surgery or complex medical examinations. As for the health insurance market, his companies aim to maximize their profits, so try to minimize the risks they face by avoiding coverage of high risk groups and raising insurance costs. On the other hand, those exposed to more health risks seek coverage to reduce the impact of those risks on their livelihoods. One of the most prominent examples of high risk avoidance by insurance companies is that they can provide health coverage to the elderly only in high amounts, and avoid providing full insurance coverage for chronic and chronic diseases, which places complex conditions for insuring those suffering from these diseases. On the other hand, the desire to obtain health insurance is low among people with low health risks, while insurance companies welcome coverage. In addition, the insurance market suffers from some unethical behavior. The availability of health insurance encourages some of them to increase the use of health services, and also tempts health providers to raise prices or over-supply

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