Studying the economic implications of universal healthcare systems.

Abstract

Universal healthcare systems aim to provide equitable access to medical services for all individuals, regardless of socioeconomic status. This paper explores the economic implications of implementing such systems, focusing on funding mechanisms, cost control, and their impact on workforce productivity. By analyzing case studies from countries like Canada, the United Kingdom, and Sweden, the research highlights the balance between comprehensive healthcare coverage and fiscal sustainability. The findings emphasize the potential benefits of universal healthcare, including reduced health disparities, improved economic stability, and enhanced social justice, while addressing challenges such as system inefficiencies and prolonged waiting times. This study offers valuable insights for policymakers and healthcare professionals striving for economically sustainable healthcare models.