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Indicate whether the statement is true or false, and justify your answer.One hundred percent of health expenditures in Beveridge countries is publicly financed.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 23P

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Question

Indicate whether the statement is true or false, and justify your answer.
One hundred percent of health expenditures in Beveridge countries is publicly financed.

Expert Solution

Context

The Beveridge Model is a model of the healthcare system in which healthcare is provided to the population of a region or economy by the government from the revenue generated from income tax collection. The government takes the role of single-payer, which leads to the elimination of competition from the healthcare market and makes services more accessible. The government owns medical institutions, clinics, and hospitals, employs healthcare professionals and pays private institutions for their services to the people.

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