Why is the U.S. health care market referred to as imperfect - Article Example

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The essay seeks to answer the questions: Why is the U.S. health care market referred to as imperfect? To what extent do you think the objectives set forth in the Healthy People Initiatives can achieve the vision of an integrated approach to health care delivery in the United States?…
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Why is the U.S. health care market referred to as imperfect
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Health Sciences and Medicine The health care market of the United s is referred to as an imperfect since it does not cover all the people in the United States. Healthcare is a heterogeneous product where the product matters more than the product itself. People are willing to pay any price to access healthcare in the country. This has created an opportunity for health providers to charge exorbitant prices for medical prices amidst inflated health insurance costs. Even the people who demand for healthcare services are not the real users. While a perfect market is defined by the factors of demand and supply, this economic theory does not apply to the healthcare sector. The fact that third party players are paying for their direct market expenses makes it an imperfect market. On the contrary, the government should have set up a proper market that would oversee that all third party players in the U.S are included in the healthcare program.
Healthcare initiative in general is a collaborative health promotion and disease promotion efforts with a vision of promoting a healthier nation. The vision set there in of achieving an integrated approach to healthcare delivery is highly achievable. Its comprehensively set objectives are aimed at improving the health among the citizens and eliminating health disparities overtime, which expected to be effective over a decade. Since this initiative does not only involve the health ministry, but is inclusive of a number of players such as the medical fraternity, the non-governmental organizations and sponsors with the government at the helm, this creates an integrated approach to the health care provision for the nation (Green & Jonathan, 2012)Bottom of Form
. The fact that the initiative involves various players and does not leave the whole burden of medical provision to a single docket, the likelihood of the vision being achieved is high.
Green, L.W & Jonathan, F. (2012)Bottom of Form
. The U.S. Healthy People Initiative: It’s Genesis and Its Sustainability, Annual Review of Public Health, Annual Reviews, Vol. 32: 451-70. Read More
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