Question

Do you believe healthcare should or should not be provided by the government.

  1. Do you believe healthcare should or should not be provided by the government.

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Answer #1

For an individual, healthcare can be considered as a personal subject but because of its spillover effect on the others, health care is sometimes considered as a public good also. When a person is immune to a disease by having a vaccination, this decreases the possibility of getting diseased for others which indicates that maintaining good health requires government intervention in the market for healthcare. Private provision of healthcare results in too little health care being provided, especially to those who are not able to pay for it. In this manner government intervention in the form of subsidized health care is required.

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