Summary: The Benefits Of Nationalized Healthcare

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Molly Leonard The Benefits of Nationalized Healthcare Healthcare has been a foremost dispute during the existing economic recession because of the necessity and significance of the service. Healthcare is primarily owned and operated by the private sector and the United States alone spends two trillion dollars annually on healthcare. The United States spends more on healthcare than any other developed nation in the world, but these extreme expenditures exist because healthcare is a necessity and right for every citizen (Johnson). The increasing health care expenditures are due to the dense population of the United States and the satisfactory standard of living that citizens expect. Government has the social responsibility to provide safety…show more content…
Currently, only 15 percent of pharmaceutical corporation costs are on research and development and 35 percent of costs are on marketing (Hall). If government controlled the healthcare system private corporations would not be forced to waste their money on competitive business tactics. Instead the funds allocated to advertising and lobbying could be used towards more progressive research and development. Government provided healthcare could possibly reduce the cost of medication in the long term by abolishing the cost of marketing for pharmaceutical…show more content…
I have fully and appropriately referenced any work and efforts of others on which I relied and I did not engage in any method or means that provided me an unfair advantage. I confirm that I have adhered to the NYU Stern Code of Conduct in its completion. Works Cited Freeman, R. Edward. “Managing for Stakeholders.” Business & Its Publics: Readings for Inquiry & Discourse. Ed. Jennifer Pickel. New York: McGraw-Hill, 2011. 23-37. Print. Hall, Mike. "What Drug Companies Aren't Telling YOU." Aflcio.org. American Federation of Labor - Congress of Industrial Organizations, 4 Dec. 2011. Web. 26 Feb. 2012. <http://www.aflcio.org/aboutus/thisistheaflcio/publications/magazine/0503_bigfix.cfm>. Johnson, Toni. "Healthcare Costs and U.S. Competitiveness." Council on Foreign Relations. Council on Foreign Relations, 23 Mar. 2010. Web. 26 Feb. 2012. <http://www.cfr.org/health-science-and-technology/healthcare-costs-us-competitiveness/p13325>. Roosevelt, Theodore. “New Nationalism.” Business & Its Publics: Readings for Inquiry & Discourse. Ed. Jennifer Pickel. New York: McGraw-Hill, 2011. 15-21. Print. Shleifer, Andrei. “State versus Private Ownership.” Business & Its Publics: Readings for Inquiry & Discourse. Ed. Jennifer Pickel. New York: McGraw-Hill, 2011. 43-59.

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