Organ Transplants
According to the U.S. Department of Health & Human Services website (organdonor.gov), “123,377 people are waiting for an organ and 21 people will die each day waiting for transplants that can’t take place because of the shortage of donated organs.” In 2012, there were 95,000 people on the waiting list (Becker & Elias, 2014) and in 2010; there were 105,000 people (McConnell, Brue & Flynn, 2014, p.62). The slight decrease from 2010 to 2012 may seem promising. However, candidates can registered at multiple locations to increase their odds. Due to the increase of vital organ failures and rising success of post-transplant procedures, the demand for organ transplantation is rapidly increasing. Nonetheless, the availability of donated …show more content…
According to Becker and Elias, “a very large number of both live and cadaveric kidney donations would be available” at an estimated price of $15,000 per kidney (2014). Granted the price could increase or decrease and a free market system would allow the markets to drive the price. In essence, the market could operate as follows: an array of exchanges is created between two parties wishing to purchase/sell an organ. The buyer and seller would discuss and agree to the terms as well as pricing. The seller could inform the buyer how the proceeds are distributed. In addition, firms could emerge purchasing organs and making a profit from reselling the purchased organs. This could stimulate supply growth. For example, organ sales are permitted in the Philippines and Iran (Clark & Clark, 2013). In the Philippines, the market is flourishing and organ prices are on the rise whereas in Iran, it’s “hybrid system of free market and government control” has practically eliminated the donor waiting lists (Clark & Clark, 2013). As encouraging, as this seems, there are still dissenters who feel an organ market will do equal or more damage to those waiting list
According to the U.S. Department of Health & Human Services website (organdonor.gov), “123,377 people are waiting for an organ and 21 people will die each day waiting for transplants that can’t take place because of the shortage of donated organs.” In 2012, there were 95,000 people on the waiting list (Becker & Elias, 2014) and in 2010; there were 105,000 people (McConnell, Brue & Flynn, 2014, p.62). The slight decrease from 2010 to 2012 may seem promising. However, candidates can registered at multiple locations to increase their odds. Due to the increase of vital organ failures and rising success of post-transplant procedures, the demand for organ transplantation is rapidly increasing. Nonetheless, the availability of donated …show more content…
According to Becker and Elias, “a very large number of both live and cadaveric kidney donations would be available” at an estimated price of $15,000 per kidney (2014). Granted the price could increase or decrease and a free market system would allow the markets to drive the price. In essence, the market could operate as follows: an array of exchanges is created between two parties wishing to purchase/sell an organ. The buyer and seller would discuss and agree to the terms as well as pricing. The seller could inform the buyer how the proceeds are distributed. In addition, firms could emerge purchasing organs and making a profit from reselling the purchased organs. This could stimulate supply growth. For example, organ sales are permitted in the Philippines and Iran (Clark & Clark, 2013). In the Philippines, the market is flourishing and organ prices are on the rise whereas in Iran, it’s “hybrid system of free market and government control” has practically eliminated the donor waiting lists (Clark & Clark, 2013). As encouraging, as this seems, there are still dissenters who feel an organ market will do equal or more damage to those waiting list