Pen Point 36

Given adequate information, the market theory assumes that consumers know what is best for themselves; hence, they make choices that maximize their total satisfaction. If this assumption is wrong, markets may not efficiently produce. We call this satisfaction consumers gain from consuming a good or service as “utility”. The satisfaction (or utility) depends on the … Continue reading Pen Point 36

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Thoughts on the ecology of policy development

The term ‘ecology’ literally means environment. For policy studies, it pertains to the environment under which a public policy is taken. My understanding is anchored on the idea that the environment from which a policy is generated and the environment to where it is intended to be transmitted and implemented are the same. In other … Continue reading Thoughts on the ecology of policy development

Pen Point 35

Issues with equity have influenced health care for many years. Equity, in the context of social health insurance such as the Philippines’ Philhealth, means access of the whole population to a package of health services by paying an affordable contribution, and sometimes no contribution at all (for senior citizens and indigents). Philhealth can improve access … Continue reading Pen Point 35