The health care market suffers from several imperfections, which have motivated the government’s intervention in both the United States and France. Many of the very young, chronically ill, and older aged could not obtain medical care if it were not for government sponsored assistance or insurance. In order to remedy market imperfections and improve access to quality medical care, governments have generally taken one of two approaches: a national health service or the promotion of health insurance. Great Britain possesses the national health service (NHS); everyone has access to medical care from providers whose remuneration flows largely from the government budget. Health insurance also socializes the demand for health care by grouping consumers in order to spread risk and cost. Although the U.S. system relies much more heavily on private insurers, health insurance in both France and America is closely tied to one’s employer. This similarity is joined by other fundamental principles,
The health care market suffers from several imperfections, which have motivated the government’s intervention in both the United States and France. Many of the very young, chronically ill, and older aged could not obtain medical care if it were not for government sponsored assistance or insurance. In order to remedy market imperfections and improve access to quality medical care, governments have generally taken one of two approaches: a national health service or the promotion of health insurance. Great Britain possesses the national health service (NHS); everyone has access to medical care from providers whose remuneration flows largely from the government budget. Health insurance also socializes the demand for health care by grouping consumers in order to spread risk and cost. Although the U.S. system relies much more heavily on private insurers, health insurance in both France and America is closely tied to one’s employer. This similarity is joined by other fundamental principles,