Healthcare Responsibility: an Economic Perspective: Is Healthcare a Right or a Privilege?

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Healthcare Responsibility: An Economic Perspective

Is healthcare a right or a privilege?

While it’s foremost an ethical question , a practical view of the healthcare privilege quandary begs an analysis of its financial ramifications of both answers . With the out-of-pocket cost of healthcare skyrocketing year after year, , the economic question arises: Who should bear the primary responsibility of paying for healthcare, the individual or society? Many nations such as Canada provide universal healthcare to its citizenry at a cost funded by higher taxes on both earned income and regular consumption. . The answer to the question of who should pay for healthcare must take into account both the quality of life for the patient and the financial ramifications for society. It is a universal belief that all individuals deserve to experience a happy and healthy life, but to what extent is the individual responsible for their health. In examining whether the individual or society should pay for healthcare, one must consider both the well-being of the individual and the fiscal welfare of society. These elements do not stand separate, but rather are intertwined. A society is composed of individuals; the health and well-being of a society is the summation of the health and well-being of all individuals in that society. The better individuals feel, the better they can function and contribute to a society's stability and growth. When a worker is in good health, he or she can best contribute to the workplace. Artists can best inspire, leaders motivate, and innovators develop new technologies when these individuals' resources are not consumed in battling health concerns. For this reason, anything that improves the health of individuals is of tremendous benefit to society. A plan allocating responsibility for healthcare must first and foremost protect and uplift the health…...

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