The Grossman model suggests that individuals invest in their own health capital, but those investments depend partly on the healthcare resources available to them. If healthcare is organized around competition, how do we prevent market forces from creating unequal levels of care for individuals who have different financial resources or starting levels of health capital? Should there be a standardized baseline of care that every provider must meet, even within a competitive healthcare market?
Based on the Grossman model, should the investments provided to health capital be standardized?
by Andrea Truque -
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