Here is a situation creating an ethical dilemma requiring one to consider personal values, choices, decisions and consequences in their decision-making.
The president has recently selected you as an economics student to decide if his/her new plan for universal health insurance is ethical. Under the proposed plan every US citizen will be required to have health insurance. Also people cannot be declined or charged a premium for preexisting conditions. Two plans will be available for people to pick.
Plan A – Costs $1600 per month. It includes a deductible of $7000. Once you have paid $7000 out of pocket the insurance will cover 100%
Plan B – Costs $1000 per month. It includes a deductible of $1000 after the deductible the plan will cover 80% of your expanses and you cover 20% until you have paid $7000 out of pocket then the insurance will cover 100%.
Some people argue that everyone should be able to afford healthcare. On the other side people argue that this is giving away a free lunch to some people that it is not fair. How will the doctors be impacted by the implementation of this plan? How will patients be impacted?
Stop and think about the facts. Identify the pros and cons for both options. What are the consequences for yourself and for others. Make an ethical choice.
Stop and think to determine the facts.
Identify options. (The two best ones)
Consider consequences for yourself and others.
Make an ethical choice and take appropriate action. (Normative Economics)
If you do not have insurance will you consider the doctors reputation?
Yes No
If you do not have insurance will you consider the doctors cost?
Yes No
If you have insurance will you consider the doctors reputation?
Yes No
If you have insurance will you consider the doctors cost?
Yes No
If you are an unhealthy individual and expect to have $100,000 in medical bills this year what plan should you select?
Plan A Plan B
If you are an healthy individual and expect to have very little medical bills this year what plan should you select?
Plan A Plan B
If you are a doctor and want to increase you reputation so that you can charge more will you go out of your way to make sure your patient has a good out come?
Yes No
If you are a doctor that gets paid by insurance, you cannot set the price you charge. What will be more important the quality of care or the quantity of care?
Quality Quantity
In the following blank please type up an essay 300 – 500 long that explains what you think the president should do. Make sure to use the ethical decision-making process when explaining your stance.
1. Stop and think to determine the facts.
2. Identify options.
3. Consider consequences for yourself and others.
4. Make an ethical choice and take appropriate action.
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