The BBC reports that healthcare has become a key election issue in the US with nearly 50 million Americans without insurance.
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7220000/newsid_7223600?redirect=7223635.stm&news=1&nbwm=1&bbram=1&nbram=1&bbwm=1&asb=1 >
a) Why is healthcare considered to be a merit good?
b) Why is it underconsumed in the free market of the USA?
c) What is the UK government solution to this problem?
d) Assess the success of the alternative approaches of the USA and UK to the provision of health care
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