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Author Question: What is the main difference between a single-payer health care system and socialized medicine? ... (Read 88 times)

DyllonKazuo

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on: Jun 29, 2018
What is the main difference between a single-payer health care system and socialized medicine?
 
  What will be an ideal response?

Question 2

Refer to Figure 4-6. What area represents the deadweight loss at P2?
 
  A) G + H B) C + E C) B + C D) C + E + H
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patma1981

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A single-payer health care system, such as the one in Canada, is one in which the government provides health insurance to all of the country's residents. Socialized medicine, such as the system in the United Kingdom, is a system in which the government owns most of the hospitals and employs most of the doctors.

Answer to Question 2

B


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