Eliminating the payer affect supply-demand and price

Assignment Help Business Economics

Reference no: EM13851314

Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? What is demand based on? Should the 3rd party payer system be changed and the parties receiving the benefit have the payment come from them? How might eliminating the 3rd payer affect supply/demand and price? Does this question apply to drugs, visits to the doctor or any medical procedure?

Does this 3rd party payment apply to other issues?

Reference no: EM13851314

Questions Cloud

Government increases both taxes and government purchases : Suppose the government increases both taxes and government purchases by $10,000. Assuming that the marginal propensity to consume is 0.75, calculate the change in private saving, government saving, and total saving. Then draw a graph of the loan able..

Equal increases in aggregate demand and aggregate supply : Other things equal, what effect will each of the following have on the equilibrium price level and the level of real output? Equal increases in aggregate demand and aggregate supply. An increase in aggregate demand in the steep portion of the aggrega..

Effects of equilibrium price level and level of real output : Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects of the equilibrium price level and the level of real output.

What are the four supply factors of economic growth : What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve. What are the four supply factors of economic growth? What is the d..

Eliminating the payer affect supply-demand and price : Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? How ..

Hiring salesperson to promote smoking cigarattes : A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. During their first year on the job, what are the expected sales of Patty and ..

Compute the average annual growth rate of per capita GDP : Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.

Short-run production function-show the range of labour : A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. If workers can be hired for $40 per day and the average meal is $6,..

Show shift in demand and supply-non-price determinants : Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..

User Account

All Pages