Cost-Benefit Analysis and Ethics Analysis Free Essay Example, 1250 words

The use of indirect methods is because many public services do not have equivalents in the private sector. In the public health policy, human health data statistical models and laboratory experiments play a significant role. Some crucial public health protection needs can only be met effectively through government action and cost-benefit analysis provides guidance to these actions. Cost-benefit analysis is used as a channel to effective public health policies where there is the issue of inefficient market within the private sector depending on how their actions affect the health of the public. In using cost-benefit analysis in the public health policy, regulations maintenance includes those that demonstrate benefits exceeding the costs. Because of this, the regulations will ease the burden on the business and consumers that are out of proportion to gains in health, which leads to more considerations of mechanisms of achieving desirable health2. However, cost-benefit analysis is often viewed as an inconsistent procedure and should not be emphasized on public policy decisions. Cost-benefit analysis has several problems that range from deep ethical and logical contradictions and partisan abuse. It could be detrimental when cost-benefit does not define the important benefits, in monetary terms. We will write a custom essay sample on Cost-Benefit Analysis and Ethics Analysis or any topic specifically for you Only $17.96 $11.86/pageorder now Cost-benefit analysis is very costly and time-consuming because of the resources needed for a comprehensive cost-benefit analysis process. It is not advisable to use cost-benefit analysis because costs and benefits are difficult and in some instances impossible to measure. Cost-benefit analysis may cause problems when there is a difficulty in predicting the technical innovations required in the public health policy that will reduce long-term compliance costs which often leads to an overstatement of costs relative to benefits. The cost-benefit regulatory process has indirect costs, which include or are because of uncertainty delay or inflexibility in the implementation that cannot be included in the range of analysis3. There is a need for ethical analysis of regulatory policy in public health policy issue because public health decisions are marred with conflicting and ambiguous ethical principles. The health sector has an obligation to consider ethical perspectives as major determinants of health. Ethics involves finding justifiable grounds for distinguishing between what is right of wrong. It involves social perspectives, justice, rights, and human dignity. Health policy ethics involves organizing financing and delivering health care that caters for all people of different social classes in society.