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

June 11, 2016 by Charlotte Monte


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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