AHS-P7-6. How a Well-Functioning Federal Public-Option Health Insurance Program could Bolster Capitalism & the Free Market


Borna Vaezi1, 2
Faculty Mentor: Djeto Assane, Ph.D.2
1Lee Business School, Department of Economics
2Lee Business School, Department of Finance

ABSTRACT
To submit a research paper that shows how a well-functioning public-option healthcare plan can increase economic output, raise GDP, and increase the life expectancy of the average American. A thorough review will be done looking at economic & social factors that a functioning, non-price gouging, and non-profit health insurance plan that is open to all American citizens can have deep positive effects on total productivity, wages, capital expenditures on meaningful investments by both firms & people, as well as juxtaposing the current system with one that is possible to achieve.

Date

Nov 15 - 19 2021
Expired!

Time

All Day

Labels

AHS: Poster Session 7
The Office of Undergraduate Research

Organizer

The Office of Undergraduate Research
Phone
702-895-4771
Email
our@unlv.edu
Website
http://unlv.edu/our

Speakers

5 Replies to “AHS-P7-6. How a Well-Functioning Federal Public-Option Health Insurance Program could Bolster Capitalism & the Free Market”

  1. Hello Borna,

    I thought this was a fantastic and concise poster presentation regarding this subject and I am glad that you got to present this as a senior, before graduating from UNLV. Healthcare in America is one of the most contested and controversial ongoing debates. Whether or not someone is a socialist does not change the fact that at the end of the day, healthcare in America faces some of the most flaws out of many other developed countries and how they approach healthcare. You even mention this yourself on your poster where it states, “The United States ranks 11th in health care in the world, yet we spend the highest as a percentage of our GDP & by dollars alone compared to every single major developed country in the world,” I believe this is a powerful statement regarding America’s healthcare situation. It is unacceptable that there are 10 other countries that offer better healthcare at a fraction of the price of American healthcare. I agree with you mentioning the common negative American sentiment towards universal healthcare because it is “socialist” when there are numerous capitalist countries that have a better healthcare system. The health insurance system in America with deductibles and premiums are nauseating to think about when many other citizens of developed countries do not face these financial issues. Overall, thank you for covering this subject as it can be controversial due to political leanings, but I found it to be detailed and makes several points as to why we deserve a better healthcare system in America.

  2. Socialist or not, you are right…you don’t need to be a genius to realize the health care in this country needs some work. I really liked your presentation and I agree with it. This has been a topic that has intrigued me for a bit of time as well. I will take it even a step further. Not only is the health care industry as a whole a mess in this country, but health insurance and health insurance companies are money making schemes. In my mind they are crooked and are stealing our money with the high premiums that most are required to pay. I could rant on forever and go down the dark paths of diet and food in this country which I believe ties into a poor health care system, and the lining of the insurance companies pocket because our health is so terrible because half of the whole country lives on McDonalds, but I wont go there! Overall, I really enjoyed your presentation, and the data and information you provided that backed your thought processes.

  3. Borna, this was an insightful presentation that you have put together. I was really surprised to learn that medical expenses are the main leading cause of bankruptcy in our country. Medical issues are oftentimes a problem that we have no control over. The fact that treating illnesses is costing people so much money shows that there is a problem with this system. I think your solution is interesting, especially regarding no deductibles and co-pays. I am curious as to how much you would want to deduct the monthly premiums by since you only mentioned that you would want it lower than the current market rate. Overall, great presentation!

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