Institutions may have to devote more resources to improving the workplace for nurses, and make cutbacks in other areas, so patient care is not compromised.

Addressing the nursing deficit from the perspective of nursing schools, rather than simply offering more money to nursing has been one strategy deployed by the state of Florida. For example, nursing colleges and universities in Florida have worked to form strategic partnerships with private insurance companies like Blue Cross and Blue Shield of Florida. This company donated $600,000 to both the University of North Florida and the University of Florida for nursing education, a sum that was matched by the State of Florida by $420,000 at each school. This illustrates yet another fundamental principle of economics, that of principle seven, that government can sometimes improve market outcomes through intervention (Mankiw, 2004). By infusing more financial capital into nursing education, more nurses can be served by...
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