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Should competition among health care organizations (e.g. hospitals, physicians, integrated health systems, and managed care plans)...

Should competition among health care organizations (e.g. hospitals, physicians, integrated health systems, and managed care plans) be restrained and regulated by government policy? Give Pros and Cons

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Answer #1

Pros
1. It would help to reduce exploitation of patients
2. It would help to reduce over utilization and wastages of medical facilities
3. Helps patients to get same level of services as they are regulated by government
4. Service provided would be transparent and patients might better understand the medications

Cons
1. It would reduce competition and motivation to better provide services to patients
2. It would reduce investments in the areas of development and research as it won’t provide incentives to innovations
3. It might provoke skilled resources to migrate in order to find better pay packages which would reduce the quality of medical facilities

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