Market Failure Due to Overcrowded Emergency Essay (Critical Writing)

Exclusively available on Available only on IvyPanda® Made by Human No AI

Markets in hospitals have captured the attention of many organizations and specialized areas of the economy because they have seen market failure in those markets. Therefore, Economists use the term market failure to categorize situations or conditions that cause the observed equilibrium to deviate. The health department in Dubai experiences many problems in the emergency department, one of which is the hospital failed in the market. Overcrowding the emergency department is one of the major problems that is facing the health department in Dubai. The problem of overcrowded emergencies has led to a significant market failure in the healthcare department.

An overcrowded emergency department causes delayed treatment, stretches resources, and leads to poor patient outcomes. Also, it may lead to ambulance diversion because patients may leave before being checked by the physician. Again, an overcrowded emergency creates a high risk of medical errors that threaten the patient’s safety. Critically ill patients have to wait for long hours in the overcrowded emergency departments where they are boarded therefore deteriorating their conditions (Arnould & DeBrock, 1986, p. 288). For this reason, the hospital markets fail due to the stiff competition implied by the other hospitals. Due to the poor services, patients will choose better hospitals that do not have overcrowded emergencies, reducing the hospital’s economic status because the occupancy level will reduce and minimize output.

Therefore, market failures are the primary reasons the government intervenes in the healthcare market (Nichols, 2012, p. 555). The government can intervene by providing services and direct funding to healthcare services (Wallis & Dollery, 1999, p. 9). Besides, the hospital should use the funds provided by the government to expand its capacity. Secondly, avoiding boarding patients admitted to the emergency department, providing alternatives for primary care, and providing care to patients with emergency cases will reduce overcrowding in the emergency department, hence improving the hospital’s market.

References

Arnould, R. J., & DeBrock, L. M. (1986).Medical Care Review, 43(2), 253-292.

Nichols, L. M. (2012). Government intervention in healthcare markets is practical, necessary, and morally sound. The Journal of Law, Medicine & Ethics, 40(3), 547-557.

Wallis, J., & Dollery, B. (1999). Market Failure, Government Failure, Leadership and Public Policy, 9-31.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, January 31). Market Failure Due to Overcrowded Emergency. https://ivypanda.com/essays/market-failure-due-to-overcrowded-emergency/

Work Cited

"Market Failure Due to Overcrowded Emergency." IvyPanda, 31 Jan. 2023, ivypanda.com/essays/market-failure-due-to-overcrowded-emergency/.

References

IvyPanda. (2023) 'Market Failure Due to Overcrowded Emergency'. 31 January.

References

IvyPanda. 2023. "Market Failure Due to Overcrowded Emergency." January 31, 2023. https://ivypanda.com/essays/market-failure-due-to-overcrowded-emergency/.

1. IvyPanda. "Market Failure Due to Overcrowded Emergency." January 31, 2023. https://ivypanda.com/essays/market-failure-due-to-overcrowded-emergency/.


Bibliography


IvyPanda. "Market Failure Due to Overcrowded Emergency." January 31, 2023. https://ivypanda.com/essays/market-failure-due-to-overcrowded-emergency/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1