Physician's Practice and Professional Training

Physician's Practice and Professional Training

Discuss whether “barriers to entry” are a good, bad, or indifferent to the health care industry. Explain your rationale.

Introduction

Health care sector is one of the most rapidly growing sectors, with respect to the economy. Unlike any other goods or industry, the outcomes of the health care industry are not well-defined. Instead, they are unpredictable and imperfect, unable to be comprehended by the producers, as well as consumers. Even though, these characteristics are not unique to the health care sector, but the extent and interaction of these characteristics are. In addition, in recent years, ...