National Health Service

Description:

Below is my essay question and outline.
This is pertaining to Economics.

Britain operates a national health service that services all British residents. The NHS is paid for primarily via general tax revenues, though users also pay small fees (a marginal cost for them) for some services. As the British population has aged, larger numbers of them have become afflicted by Alzheimer’s disease. Hence, over the past few decades, the NHS more and more often has paid for Alzheimer’s drugs that are designed to counteract or retard Alzheimer’s disease. ......CLICK HERE TO GET MORE ON THIS ESSAY!!!
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The problem is, the NHS does not have unlimited funds and the Alzheimer’s drugs often are expensive. They don’t always work and, if they do work, they don’t work forever and the patient fades away and dies anyway. As a consequence, the NHS concluded that the benefits of the drugs were not worth the cost and issued a ruling (since modified, but ignore this) that the NHS no longer would pay for these drugs. I.e., in current terminology, it began to “ration” care.

Construct a simple economic model to describe how an NHS economist would come to the conclusion that care had to be rationed. You should address:

(a) What are the costs associated with supplying the drugs?
(b) What are the benefits?
(c) How should these costs and benefits be matched and evaluated over time?
(d) What does opportunity cost have to do with this?

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