In 2014, the Australian government proposed a $7 co-payment for GP visits which, after much public debate, was never implemented. Explain the government’s rationale for this proposal. In your essay,...

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In 2014, the Australian government proposed a $7 co-payment for GP visits which, after much public debate, was never implemented. Explain the government’s rationale for this proposal. In your essay, discuss the likely impact such a co-payment would have on patients, GPs and government expenditure.

What we are looking for

Specific microeconomic theories (approximately 3 theories) that will apply this scenario.

• In a demand and supply framework use economic rationale for introducing the co-payment in terms of efficiency/welfare/expenditure - needs graphs and interpretation from a microeconomics issue.

• Potential unintended consequences in terms of equity, health outcomes and longer-term health expenditure. - Needs supply and demand graphs and interpretation


Do not write the introduction and explanation of the issue however focus on the microeconomic interpretation using graphs and theories.

Answered 2 days AfterMay 17, 2021

Solution

Pallavi answered on May 19 2021
26 Votes
Micro Economics
Introduction
The Australian Government introduced a mandatory $7 copayment to be made by patients to be made to their General Practitioners on their regular visit to the GP’s,...
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