The Aging Population and Socialized Medicine; An Economic Approach
Number of pages:
6
ABSTRACT:
This 6 page paper considers two related questions, firstly the reasons that justify socialized medicine, this includes issues such as market failure, asymmetry of information leading to moral hazard as well as the ethical approach that favours a utilitarian system. The second part of the paper then considers how the economy is changing due to an increasingly aged population, and why this will impact on the economy. Population graphs are included to demonstrate the way that the population structure is becoming more top heavy. The bibliography cites 4 sources.
FILE NAME:
File: TS14_TEagepop.rtf
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