Reference no: EM131235394
Deliverable Length: 3-5 pages
Also please see attached requirements
Reducing the Price of Health Care/p>
The focus in health care reform is cost control in light of annual double-digit inflation since the late 1990s and the consumption of nearly 17% of the gross domestic product (GDP) in 2009 (more than any other country in the world). The debate is over how to reduce the rate of spending for health care while preserving quality and access to care for patients. Research at least 2 methods of reducing the percentage of the GDP spent on health care. You will need to be able to describe how you would do this in specific terms. This can be a number of approaches, such as the following:
Completely dismantle the current system and start over-A monumental task
Revise the current payment system to reflect current economic constraints
Cut Medicare and Medicaid
Insurance reform
National health insurance based on the Massachusetts Model
Malpractice reform
Legislation such as the Balanced Budget Act of 1997, the Medicare Modernization Act of 2003, the Affordable Care Act (2010), and others
Provide the following elements in your paper:
Describe the model you are supporting to best control costs without compromising the quality and access to health care, and explain how the model works.
Analyze the method that you are supporting, detailing the strengths and weaknesses from all stakeholder group (e.g., patient, provider, and third-party payer) perspectives.
Provide an example of the model in real time or as a scenario.
Summarize the anticipated results in terms of costs and benefits.
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What is meant by the term deseasonalized demand
: What is meant by the term tracking the forecast? In which two ways can forecasts go wrong?
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How do you think they would describe your personality
: If I asked 3 people, who know you better than anyone else does - how do you think they would describe your personality? Would they say the same things about you or different things based on your relationship with each person
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Compute the means and covariances of the rates of return
: Compute the means and covariances of the rates of return on these three assets. - Draw the efficient frontier if you can only invest in VEURX and VPACX.
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Ethical ramifications for multinational enterprises
: Can you think of any specific examples past or present that has legal or ethical ramifications for multinational enterprises?
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Provide an example of the model in real time or as scenario
: Analyze the method that you are supporting, detailing the strengths and weaknesses from all stakeholder group (e.g., patient, provider, and third-party payer) perspectives. Provide an example of the model in real time or as a scenario.
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Describe the types of decisions
: 1. Describe the types of decisions that do not involve uncertainty and risk and common approaches used for analyzing them. 2. Explain how payback period, NPV, and IRR criteria are used in decision making.
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What is the mean absolute deviation
: What action should be taken when unacceptable error is found in tracking a forecast?
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Facilitate consumer decision making
: Visit a website for a major retailer ( e.g. Harvey Norman, Myer etc). Identify services and processes available through the website that are designed to facilitate consumer decision making.
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Calculate the forecast for month 5
: Over the past three months, the demand for a product has been 255, 219, and 231. Calculate the three-month moving average forecast for month 4. If the actual demand in month 4 is 228, calculate the forecast for month 5.
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