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Key Characteristics of the US Healthcare System

Key Characteristics of the US Healthcare System

The US healthcare system is characterized by partial access, an imperfect market, government subsidiarity to the private sector, multiple payers, and power balance among various players.

Roughly 30 million Americans lack health insurance, and access to healthcare is primarily based on insurance coverage. The imperfect market is marked by asymmetrical information and the dominance of private insurers. Government intervention is limited, reflecting American individualism. Administrative costs are high due to the fragmented nature of multiple insurance plans.

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Healthcare Management and Strategy

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