Abstract
The introduction of market mechanisms to the system of health-care services has emerged as a major trend in many countries around the world. This is mainly due to the steeply rising cost of health care in recent decades. Progress in medical technology and the growth in health-care demand are key factors in the escalation of medical costs, which has far outrun the general increase in cost of living (Coe, 1970, Chapter 13). In many countries, the ever-rising cost of health care has made an increasing number of people unable to obtain adequate care for their health needs. It has also made it increasingly difficult for governments to finance public sector health-care services.
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Wong, F.K.Y., Lee, R.P.L. (1996). Ethical Challenges of the Market for Health Care. In: Becker, G.K. (eds) Ethics in Business and Society. Studies in Economic Ethics and Philosophy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-61442-2_5
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DOI: https://doi.org/10.1007/978-3-642-61442-2_5
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