Open AccessEmpirical study of the National Health Service in U.K. and the U.S. Medical Care System
Author(s) -
Xie Kai
Publication year - 2012
Publication title -
international journal of financial research
Language(s) - English
Resource type - Journals
eISSN - 1923-4031
pISSN - 1923-4023
DOI - 10.5430/ijfr.v3n1p33
Subject(s) - agency (philosophy) , economic interventionism , information asymmetry , externality , government (linguistics) , intervention (counseling) , health care , market failure , public economics , empirical evidence , service (business) , business , actuarial science , medical care , economics , marketing , medicine , microeconomics , nursing , political science , economic growth , finance , sociology , social science , linguistics , philosophy , epistemology , politics , law
This paper presents a feasibility study of the mechanism of the National Health Services in U.K and the U.S. Medical Care System respectively. The issue is empirically examined from four aspects namely externalities, information asymmetry, and market failure. It comes to the conclusion that with the practical guidance of the government intervention, it is possible to cope with the agency problems with high efficiency