In the following situation, indicate whether the physician's discriminatory action is taste-based or statistical. A physician believes that Hispanic patients are less likely to follow through with an expensive therapeutic regimen that leads to major side effects, so he does not ever prescribe it for them. Taste-based Statistical
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- In each of the following situations, indicate whether the physician’s discriminatory action is taste-based or statistical. a. An American physician detests interacting with French people, so she always gives French patients quicker examinations than she gives Americans. b. A physician believes that Hispanic patients are less likely to follow through with an expensive therapeutic regimen that leads to major side effects, so he never prescribes it for them. c. A surgeon has heard that it is very difficult for black patients to find bio-compatible matches on the kidney donor waitlist. As a result, he is more aggressive in trying to save a black patient’s kidneys than a white patient’s kidneys. d. A hospitalist believes that the nurses at her hospital routinely discriminate against Asian patients due to subconscious racism. She always spends a little more time ensuring that her Asian patients are receiving the right medication.How is cross elasticity and income elasticity relevant to Indigo’s managerialdecision making?Explain how the method of instrumental variables can be used to estimate the compensating differential associated with employer-provided health benefits.
- When testing for wage discrimination based on race, which of the following variables are control variables? A wage and race B experience and performance C experience and race D performance and race E wage and experienceAnalyze the role of the market in addressing workforce shortages, including projections for the physician market and monopsony model for the market for nurses.After controlling for age and education, it is found that the average woman earns $0.80 for every $1.00 earned by the average man. After controlling for occupation to control for compensating differentials (i.e., maybe men accept riskier or more stressful jobs than women, and therefore are paid more), the average woman earns $0.92 for every $1.00 earned by the average man. The conclusion is made that occupational choice reduces the wage gap 12 cents and discrimination is left to explain the remaining 8 cents.a. Explain why discrimination may explain more than 8 cents of the 20-cent differential (and occupational choice may explain less than 12 cents of the differential).b. Explain why discrimination may explain less than 8 cents of the 20-cent differential.
- The use of group averages to judge individual productivity levels is called Statistical Discrimination. Therefore; this type of discrimination differs from ordinary discrimination because it is based on incomplete information rather than on the utility-maximizing choices of people with accurate information? True FalseExplain how the Orphan Drug Act would affect drug development. Can you think of any TRADEOFFS from the act?The Board of Directors convened a special meeting to discuss the implications of the quote above. You are required to produce a brief on the statement above, specifically referring to the implications it holds for the brand. You were able to locate the following graph denoting the Lorenz curve from which the Gini coefficient was derived The Board expects the following points to be addressed in your brief: Explain how the Gini coefficient is derived from the Lorenz curve by making use of the graph provided; Answer in detail
- Explain how the Orphan Drug Act would affect drug development. are there any tradeoffs from the act?The primary purpose of he Coordinalion of Benefits provision found in most group Major Medical policies is to perform which of the following funclions? A.Providing coverage for insureds who are leaving heir employment B.Preventing a claimant from profiting from an injury or sickness C.Allowing an insured to receive bolh Disability Income benefits and Medical Expense benefits if entilled o both D.Permitting an insurance company to pay benefits direclly to providers of medical servicesPls help me to complete below homework. I will upvote you !! Describe the principal agent relationship between doctors and patients. Discuss why it exists and the potential adverse issues the can arise from the nature of this relationsip.