Economics in Healthcare Policy: An Analysis of Two Viewpoints, by Trenton Schmale

June 11, 2016 by Charlotte Monte

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There’s more to economics than just the Austrian and Chicago schools of thought. When it comes to healthcare policy, sometimes free market vs. government-centric proposals have more sway than either theoretical economic approach. Economics and political policy (in this case healthcare policy, which has become highly politicized) are closely intertwined, however; so, the more both doctors and patients understand the likely results of free market and government control options, the better healthcare choices they can make.

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