question archive How should economic policies be revised or created to make our current and future healthcare system more competitive?
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How should economic policies be revised or created to make our current and future healthcare system more competitive?
To improve the competition in the healthcare system, the government should remove the barriers, prevent anti-competitive activities, and provide financial aid to independent physicians.
Economic policies can be revised or created to make our current and future healthcare system more competitive by the following methods:
1. Remove the barriers of the providers: The government should remove or try to lessen down the long processes of the license and entry. There should be an updated scope of the healthcare law so that it becomes easier for new entrants to enter the market.
2. Prevention of activities: The government should ban the usage of the anti-tie ring, gag, and anti-steering activities as they harm the competition. The insurer commissioner should review the existence of such activities in order to improve the competition.
3. Independent physician should be provided financial aid: Independent physician should be provided facilities like lower risks, Medicare contract options, easy access to the capital, and affordable insurance practices so that they can easily enter into the market of healthcare.