Because the Australian Healthcare system is comprised of both private and public hospitals, it is best described as a market model of healthcare.

The statement is not entirely accurate. The Australian healthcare system is actually a mix of both market and socialized models. It is not purely a market model as it includes both private and public elements.

In a market model, healthcare services are primarily provided by private entities and the consumer's access to these services is determined by their ability to pay. However, in Australia, while there is a significant private sector, there is also a substantial public sector funded by the government. This public sector provides healthcare services to all Australian citizens regardless of their ability to pay, which is characteristic of a socialized model.

Therefore, the Australian healthcare system is best described as a mixed model, incorporating elements of both market and socialized healthcare systems.