Question

From a public economics perspective what is the justification for a publicly funded health care system?

Answer 1

Publicly funded healthcare system is pool of funds managed by Particular fund house in which population of nation contributes as right to access and moral responsibility towards nation which thus benefits nation in long run from Economic perspective.

In countries like Belgium and Australia there is two tier healthcare services where funds are invested by public system and hospitality services are offered by private sector which balances the cists and where government offers tax rebate for lowest quintile of population making this lucrative investment as the metrics like IRR is well sorted.