How does third-party payment distort market for health care

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How does third-party payment distort the market for health care? If it is so distorted why does every wealthy country insist on using third-party intermediaries to purchase health care? Why do we carve out a separate payment program for our elder citizens?

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This short assignment is on Third-party payment and therefore seeks to find answers to several questions regarding the topic. First, it seeks to respond to how third-party payment distorts the market for healthcare. Secondly, it responds to the reasons as to why wealthy countries insist on using third-party intermediaries so as to purchase health care. Lastly, this paper gives answers to the reasons as to why we carve out a separate payment program for our elder citizens. This paper has been prepared on Microsoft office words document.

Reference no: EM13851135

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