Health Care Market Deviations from the Ideal Market
Journal Title: Sultan Qaboos University Medical Journal - Year 2011, Vol 11, Issue 3
Abstract
A common argument in the health policy debate is that market forces allocate resources efficiently in health care, and that government intervention distorts such allocation. Rarely do those making such claims state explicitly that the market they refer to is an ideal in economic theory which can only exist under very strict conditions. Tis paper explores the strict conditions necessary for that ideal market in the context of health care as a means of examining the claim that market forces do allocate resources efficiently in health care.
Authors and Affiliations
Ari Mwachof| University of Oklahoma Health Sciences Center, Okalhoma City, USA, Assaf F. Al-Assaf| College of Public Health, University of Oklahoma Health Sciences Center, Okalhoma City, USA
Keywords
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