Dear DrIanWan, hope you are doing well and safe! Also wish you a belated happy n
Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates
Dear DrIanWan, hope you are doing well and safe! Also wish you a belated happy new year! This is my first assignment this semetser:
Short Essay 1 Assignment
The readings and lecture related to this week pertain to the need and ways to ration health care in normal times. The COVID-19 pandemic stretched what were already limited resources to truly scarce resources, as noted in the third assigned reading, the NEJM article by Emanuel et al (2020). Your essay should answer three main questions:
(1) Can a health care system that is driven by truly competitive markets (i.e. market forces directing medical professionals, treatments, access to care through prices) ever be prepared to handle a national pandemic (i.e. demand shock) like what we have experienced with COVID-19? Why or why not?
(2) What, if any, economic premise(s) would justify government intervention in a national pandemic?
(3) What specific government intervention should be considered to overcome potential market failures given such a demand shock?
Your essay should be no more than 350 words. Please do not repeat the question in your essay. Remember, you will be graded based on both content and writing. As always, properly cite any material or ideas from others. Your references will not be included in the word count.
You can find the reading by: https://www.nejm.org/doi/pdf/10.1056/NEJMsb2005114?articleTools=true
I also attached the pdf of this reading as well as the slides.