.  The COVID-19 pandemic stretched what werealready limited resources to truly scarce resources, as noted in the NEJMarticle by Emanuel et al. (2020). Your essay should answer three main questions: 

(1)  Can ahealth care system that is driven by truly competitive markets (i.e. marketforces directing medical professionals, treatments, access to care throughprices) ever be prepared to handle a national pandemic (i.e. demand shock) likewhat we have experienced with COVID-19? Why or why not? 

(2)  What,if any, economic premise(s) would justify government intervention in a nationalpandemic?

(3)  Whatspecific government intervention should be considered to overcome potentialmarket failures given such a demand shock? 

Your essay should be no more than 350 words. Please donot repeat the question in your essay.As always, properly cite any material or ideas from others. Your references will not be included in the wordcount.

The essay should be written based on the articles uploaded

 

 


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