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Law and policy are playing a fundamental role in today’s public health care. Though their role is not very visible, law and policy have a strong influence on health care accessibility (Teitelbaum & Wilensky, 2016). For a chief operating officer of a hospital, it is very important to analyze the advantages and disadvantages of the paradigms to make the right choice and open a prospective ambulatory care center.
Free Market Perspective
The free-market perspective claims that the healthcare service and insurance markets function in a deregulated environment better than anywhere and that consumer empowerment and financial competition will form the most effective healthcare system (Teitelbaum & Wilensky, 2016). The main feature of free-market healthcare is that its providers do not need to act in agreement with restrictive government licensing (Johansen, 2015).
Advantages of Free Market Health Care
Free market health care has some benefits that can improve today’s health care services, addressing the present issues of the health care system. If the health care system becomes privatized and uses better business models, it would be necessary for the health care providers in that system to enhance their services to keep the business competitive and beneficial (Johansen, 2015). In that case, the efficiency in free-market health care will be improved. Another advantage is that today’s popularity of free-market health care creates competition between health care providers. Competition causes a reduction in prices (Johansen, 2015).
Disadvantages of Free Market Health Care
The main objective of a company in free-market health care is to be profitable. This may lead to deterioration of the provided services for both workers and consumers. The company may value the profit over the safety of staff, and the appropriate behavior.
Also, the reduction of prices which is caused by the competition may worsen the quality of services. The competition between the companies may go too far. In that case, the standards will be neglected, and the quality of services will have a lower priority than the profit motives.
Sources of Law
Donald Trump wants to cancel Obamacare by eliminating the individual mandate. That means that one will not have to buy medical insurance without his or her will. Also, Trump finds it necessary to modify the already existing law that diminishes the sale of health insurance. One more law of Trump’s plan that may affect free-market health care is on removing the barriers for drug providers who offer a cheap and high-quality product. It will give consumers more options. These reforms may affect free-market health care by reducing health care costs all over the country.
For a chief operating officer of a hospital, it is very important to analyze the advantages and disadvantages of the paradigms to make the right choice and open a prospective ambulatory care center. According to today’s situation in the United States of America, the free-market health care perspective is the right paradigm to design the structure of a new center. Free market health care has its advantages and disadvantages. For example, due to the competition, the quality of health care will improve because the organizations will do their best to remain competitive. However, there is a risk that competition may go too far, and lead to neglecting health care standards. The policy of Donald Trump supports free-market health care, and it is wise to use the law to your advantage.
Titelbaum, J. B., & Wilensky, S. E. (2016). Essentials of health policy and law. Burlington, Ma: Jones & Bartlett Publishers.
Johansen, R. (2015). Free Market Health Care. Web.