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.
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