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Name Professor’s Name Course Date Table of Contents TOC o "1-3" h z u Introduction PAGEREF _Toc506569010 h 2Ethics in medical practices PAGEREF _Toc506569013 h 2The theory of welfarism PAGEREF _Toc506569014 h 4Welfare economy and healthcare PAGEREF _Toc506569015 h 4The market mechanism moral perspective PAGEREF _Toc506569016 h 5Tenets of utilitarianism PAGEREF _Toc506569017 h 5Utility concept PAGEREF _Toc506569018 h 7Conclusion PAGEREF _Toc506569019 h 9Works Cited PAGEREF _Toc506569020 h 11 Ethics in Healthcare Introduction In healthcare, there are two moral dichotomies: deontology versus consequentialism, and individualism versus collectivism. Any time a physician is facing a dilemma in choosing between one or many, he or she must resort to the moral principle of promoting the good of the highest number or opt for the principle of maximizing utility. Utilitarianism is a creed that accepts as the basis of morals, in other words, the greatest happiness principle. The principle of utilitarianism holds that any act is correct in proportion as it tends to stimulate happiness as well as wrong as the actions have a tendency to yield the reverse of happiness. This implies that it embraces the four concepts in regards to health care that is maximization, consequentialism, welfare, and aggregation. This piece of writing analyses the ethical implication of applying the principle of utilitarian in healthcare decisions and at the same time illustrate how they relate to the welfarism concept (Mack 68). Ethics in Medical Practices Despite the fact that medicine is a cost-intensive science, it is also a limitless art concerning health economics. Today we are
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