3. Ethical Decisions in Healthcare and Business

Description

At a dinner party, a heated debate erupts over the ethics of profit in healthcare, as guests from different academic backgrounds share their perspectives. The two social work (SW) students advocate for universal healthcare, emphasizing equity and accessibility for all, arguing that financial barriers prevent vulnerable populations from receiving necessary care. The accounting (ACCT) student counters this by highlighting the importance of financial sustainability, arguing that without proper budgeting and revenue, healthcare institutions cannot function effectively. The biomedical sciences (BIOMED) student stresses the need for funding in medical research and innovation but struggles with the ethical dilemma of whether profit should take precedence over accessibility. Meanwhile, the business management (BUSMGT) student argues in favor of a profit-driven model, believing that financial incentives lead to advancements in healthcare quality and efficiency.