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Explain 2 economic rationales for government intervention in the health care market and 2 examples the...

Explain 2 economic rationales for government intervention in the health care market and 2 examples the roles of government in promoting efficiency and equity in the healthcare market.

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Answer #1

Government intervention is required in healthcare sector to avoid monopolization and irrational pricing and to assure healthcare service gets disseminated in all territories.

Government role of primoting efficiency and equity is through supervision of healthcare services and penalise non compliance to corporate governance standards and ascertain higher ethical standards.

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