Eco 550

BOYD JENSEN
PROFESSOR SAEED NABAEE-TABRIZ
ECO550
ASSIGNMENT 2
May 25, 2012

Explain why regimen regulation is needed, citing the major reasons for government involvement in a market economy.
The modern puff upness care sector is carve up into many sub-sectors, and supposes on interdisciplinary teams of trained professionals and paraprofessionals to meet health needs of individuals and populations. The health care industry is one of the worlds largest and fastest-growing industries.[5] down over 10 percent of gross domestic production (GDP) of most developed nations, health care can resile an enormous part of a countrys economy.
Regulation shapes every last(predicate) aspects of the Statess split up health care industry, from the flow of dollars to the communication between physicians and patients. It is the locomotive that translates public policy into action. While the health and lives of patients, as well as almost one-sixth of the national economy depend on its effectiveness, health care regulation in America is bewilderingly complex. Government agencies at the federal, state, and local levels direct portions of the industry, besides hundreds of private organizations do so as well. Some of these overseers manage with one another, some conflict, and others collaborate.



Their interaction is as important to the cookery of health care as are the laws and rules they implement.
According to the Kaiser Family Foundation, healthcare costs were approximated at $7,681 per person in 2008. Most Americans gestate occasional or regular checkups, doctors office visits, lab work, prescriptions or hospitalizations; health damages helps curb the costs associated with medical function [2]. In March 2010, President Obama and Congress initiated the Affordable alimony Act in an effort to regulate the health insurance industry, with laws intended to improve the quality and affordability of health coverage for all Americans.

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