Write a short 2 page essay (double spaced) identifying and describing the current state of the health care industry using the microeconomics concepts studied. Also, a list of pros and cons related to this industry along with a short explanation of health insurance and how it relates to the debate. You are asked to develop your own solution to this social issue. In your essay, please answer in terms of what you think is the socially optimal solution versus the economic least cost solution.
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