Some economists and policymakers who are in favor of government-provided health care believe that providing health care will

Question

Quizplus · Accepted Answer

Government-provided health care can potentially reduce asymmetric information as the government has access to a larger pool of data and can use it to make more informed decisions. This can lead to more efficient allocation of resources and better outcomes for patients. However, it is important to note that government-provided health care can also potentially generate moral hazard and adverse selection, as individuals may be more likely to engage in risky behaviors or choose to utilize more services if they are not directly responsible for the cost. Negative externalities are also possible, especially if the government does not adequately control costs or if there is a shortage of providers.

Some Economists and Policymakers Who Are in Favor of Government-Provided