Q: describe Diagnostic Research Design
A: In this type of design, the person conducting research tries to find and evaluate the causes,…
Q: discuss some of the benefits and risks of new Health promoters basing their professional identities…
A: So, here are a few of the advantages:
Q: what does non-stationarity mean ?
A: Non - stationary means something which changes its trend over a period of time.
Q: 1. Is this MD a quack(fraud) or legitimate MD? 2. Is there any science to support his work? Are…
A: Cancer is routinely ranked as one of the most serious health issues confronting the United States.…
Q: What factors cause Physician Induced Demand, and how do you diagnose it?
A: Physician induced demand would be affected by health of people.
Q: Should price controls be imposed on life-saving drugs? Will consumers benefit or be harmed by this…
A: Life-saving drugs are the medicines and other required drugs to be used for treatment of different…
Q: What can lead to a x-inefficiency for a regulatory agency?
A: According to conventional economic theory, the management of companies acts to maximise profits by…
Q: Getitall, the CEO of Gooddrug LLC claimed that in the US, drug companies should receive a patent of…
A: Patents are type of intellectual rights given to a firm to exclusively produce a product for…
Q: Considering Healthcare price elasticity, would it be a good idea to implement a price increase on…
A: The prevention, diagnosis, care, alleviation, or prevention of diseases, sickness, injury, and other…
Q: Discuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of…
A: The health-care system that provides insurance and services to its members. The traditional HMO is…
Q: The health care industry encompasses the following sectors, except: A. Dental care B. Health clubs…
A: Answer:- (B) health clubs
Q: What kind of financial/societal impacts would stem cell therapy have on the healthcare system?
A: Stem cell therapy makes person more healthy,that would be societal impsct.
Q: Define adverse selection
A: The answer to the question defining what adverse selection is.
Q: How would you test the presence of multicollinearity?
A: Independent variables in a regression model are when found correlated, is known as…
Q: Given one procedure or service provided by certain hospital, all different payers would be charged…
A: In the healthcare system, the price of any service or procedure is determined y the demand and…
Q: Imagine that patients stay in HMO with capitation payments for two periods early in life (period 1)…
A: In 1st case patients pay $1000 in period 1 with preventive care and $500 in period 2 In 2nd case…
Q: Do you think that the privatization of the Medical Center would improve or worsen the efficiency of…
A: Privatization refers to the process of converting the ownership of an entity or business from the…
Q: Orphan Drug Act of 1983
A: Introduction- Scientific development throughout the 20th century led to the development of many…
Q: Prospective payment systems encourage providers to offer more health care services. True False
A: The improvement or maintenance of health through diagnosis, treatment, and prevention of diseases or…
Q: Indicate whether the statement is true or false, and justify your answer.Medicaid creates a work…
A: The given statement is true.
Q: Explain how the Orphan Drug Act would affect drug development. Can you think of any TRADEOFFS from…
A: The country United States has a pioneer in scientific research and development in all fields like…
Q: Use supply and demand concepts to explain why the American Medical Association finds it beneficial…
A: Demand is the consumer side aspect and supply is the producer side. when these both come together,…
Q: Indicate whether each statement is true or false, and justify your answer.The Food and Drug…
A: False, because the food and drug administration (FDA) does not consider the cost-effectiveness,…
Q: Sources of data for Market failure in health.
A: Sources of data for market failure in health are as follows Primary and secondary data Primary data…
Q: What are the problems associated with changing the statistics in drug research?
A: Statistical tools are very important for the purpose of the analysis of any study as it is the…
Q: Define information asymmetry and explain why it matters for economicdecision making
A: It is a condition where people have imperfect knowledge. It occurs where one party has had different…
Q: What assumptions of the perfectly competitive marketplace are violated in medical markets? How does…
A: The perfect Competition(PC) market is the structure of the market where there are several sellers…
Q: Should there be one $/QALY for an entire country? How would you expect drug companies to react to…
A: There should be standard minimumprice for drugs.One dillar should be preferrable. Therefore it…
Q: What challengers are hospital managers likely to encounter while making efficient use of health…
A: Health resources include different infrastructural facilities,equipments,capital required for…
Q: Price controls decrease the innovation rate for drugs but make existing drugs more affordable. True…
A: In economics, price controls are government-imposed restrictions that ensure that goods and services…
Q: What are the disadvantages of payback screening analysis?
A: The aim of the payback method is to decide how many years it will take to recover the initial…
Q: In the following situation, indicate whether the physician's discriminatory action is taste-based or…
A: The cost of pharmaceuticals is rising at an alarming rate. Variation in physician practise has a…
Q: Explain Benefits and Flaws of Payback Screening?
A: The objective of payback screening is to calculate the number of years it takes to recover the…
Q: What effects would joining a MCO have on your clinic regarding staffing, patient volume, and…
A: When the economy is stable, individuals have access to the resources needed for a healthy lifestyle.…
Q: What are some ways drug use has changed from early times to modern times ? What are some predictors…
A: Social history proposes that our relationship with drugs is more complicated than the worldview of…
Q: Which two phenomena relate to physicians overprescribing treatment? Select 2 correct answer(s)…
A: In the healthcare sector, overprescribing treatment refers to the situation when physician recommend…
Q: Should the FDA consider economic factors in new drug approvals?
A: Approval of drug means that the particular drug approved is useful for particular illness and it…
Q: Explain the impact of education on health.
A: The education is the gaining of basic knowledge which is necessary for a basic standard of living.…
Explain how the Orphan Drug Act would affect drug development. are there any tradeoffs from the act?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Explain how the Orphan Drug Act would affect drug development. Can you think of any TRADEOFFS from the act?The Orphan Drug Act of 1983 provides tax incentives, patent protection, and research subsidies to firms for drugs, vaccines, and diagnostic agents if they are intended to treat a disease that affects less than 200,000 citizens. Explain how the Orphan Drug Act would affect drug development. Can you think of any tradeoffs from the act?Explain Benefits and Flaws of Payback Screening?
- What effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability?What policies and procedures should be used by the MCOs to reduce costs for their clientele?Which method(s) of payment to physicians will most likely result in higher total charges due to volume of services provided? Capitation. Salary. Fee-for-service (FFS). RBRVs. Methods based on patient outcomes.What are some ways drug use has changed from early times to modern times ? What are some predictors of increased or decreased drug use in society ?
- How would you test the presence of multicollinearity?True or false and explain State policies that mandated the release of physician report cards were greatly beneficial to consumers by allowing them to more efficiently search for high quality surgeons.What kind of financial/societal impacts would stem cell therapy have on the healthcare system?