Why is the U.S. health care market referred to as imperfect Article

Why is the U.S. health care market referred to as imperfect - Article Example This research will begin with the statement that the health care market of the United States is referred to as an imperfect since it does not cover all the people in the United States. Healthcare is a heterogeneous product where the product matters more than the product itself. People are willing to pay any price to access healthcare in the country.   This has created an opportunity for health providers to charge exorbitant prices for medical prices amidst inflated health insurance costs. Even the people who demand health care services are not the real users. While a perfect market is defined by the factors of demand and supply, this economic theory does not apply to the healthcare sector. The fact that third party players are paying for their direct market expenses makes it an imperfect market. On the contrary, the government should have set up a proper market that would oversee that all third party players in the U.S are included in the health care program. Healthcare initiative, in general, is a collaborative health promotion and disease promotion efforts with a vision of promoting a healthier nation. The vision set there in of achieving an integrated approach to healthcare delivery is highly achievable. It's comprehensively set objectives are aimed at improving the health of the citizens and eliminating health disparities over time, which expected to be effective over a decade. The fact that the initiative involves various players and does not leave the whole burden of medical provision to a single docket, the likelihood of the vision being achieved is high.