1-Proponents of a government-run health care system argue that the market does not work well in the medical care industry. What evidence do they use to support this claim?
2-In what sense is health care an investment? In what sense is it pure consumption?
3-How would you explain the concept of a QALY? When is it appropriate to use QALYs instead of simply improved life expectancy as the outcome measure in an economic evaluation?