Ealth Economics: Public and Private Goods in Healthcare
Write a cohesive response that address the following.
1.) Identify the example you have selected in the first line of your essay(the example I have selected is End of Life or palliative care for elderly person with dementia. Explain the extent to which you think this example is a private good or public good. Ground your analysis with concepts including the presence or absence of externalities.
2.) Discuss why this distinction is important. what are the economic or financial implication if this good is considered private versus public?