What factors cause Physician Induced Demand, and how do you diagnose it?

Q: Demand falls by 5 percent for every 10 percent increase in price health care services.

A: Price elasticity of demand: Price elasticity of demand is defined as the percentage change in the…

Q: describe Diagnostic Research Design

A: In this type of design, the person conducting research tries to find and evaluate the causes,…

Q: Is equality a problem in the U.S. health care system?

A: Health Economics is the discipline of economics concerned with the efficiency and effectiveness of…

Q: One of the significant problems in medical care markets may be the information problem. Asymmetric…

A: Information asymmetry is the existence of a difference in the amounts of knowledge possessed by two…

Q: In what way is insuring for a medical loss different from insuring for any other loss?

A: Insurance is a method used by the people to protect themselves from uncertain or unexpected…

Q: The price elasticity of demand for health care is Multiple Choice perfectly inelastic. relatively…

A: Elasticity is the concept that is used to determine the changes in demand or supply due to changes…

Q: What is new in America’s health care reform law?

A: The Health Care Reform Law enacted in March 2010 brought the Affordable Care Act in America.

Q: Some argue that the price elasticity of demand can be used to determine whether a good or service is…

A: Price elasticity of demand shows the responsive change in the quantity demanded due to a change in…

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: List and explain the three broad reasons that an individual would need long-term care care.

A: ANSWER   "Long-term Care" referes to providing assistance to people of all ages for their medical…

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: Health insurance is a

A: In an economy, insurance refers to the agreement between two parties where an insurer promised to…

Q: What would be the effects on price and quantity if physicians can induce demand?

A: Physicians induced demand implies that physicians are to be held responsible for the higher…

Q: Why has the government chosen to provide moneary incentives to bring about the move to health…

A: HEALTH INFORMATION EXCHANGES   They were putting a patient's medical records or data on the internet…

Q: What are the primary cost-saving features of managed care?

A: Managed care is a type of health insurance that is provided by the insurance companies to the people…

Q: Comment on the elasticity of demand for medicine

A: The elasticity of demand for any good represents how the quantity demanded is impacted when price of…

Q: Discuss what is known about price elasticities of demand for various health care services

A: Varous health care services would include government health services,private health services.

Q: What are different types of managed care Plans in terms of operation/definition and cost control…

A: The 3 managed care plans include: High Deductible Plans, Health maintenance Organizations and Point…

Q: Why are the various forms of e- and m-commerce important in health care? Be sure to include the…

A: E-commerce is determined by the performance of business activities with the usage of the internet.…

Q: Identify the NonPrice determinants of supply in the dentistry field. (per factor)

A: The supply curve shows the direct relationship between two variables: price and quantity supplied.…

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: 1. T/F Price sensitivity varies accordingly to the type of medical service.

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Health insurance scams have resulted in (a) higher medical insurance costs (b)low quality medical…

A: Scam of any kind distorts the proper functioning.

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: 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: Why is healthcare fraud is a big problem in the U.S. economy?

A: Health care fraud is one type of crime which is claiming of insurance by providing false information…

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: If physicians' income decreases, how may it affect the physicians' role as the patients' agent?

A: Decrease in physician income can be because of many different reasons such as rise in more number of…

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: dominant cost components of health care.

A: The service for providing the healthcare facility have been evolve at a higher rate with enhancement…

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: In Turkey, the general health insurance premium payment obligations are regulated?

A: For part time employees premium payment was reduced but now it has been increased to 30 days.

Q: What are some of problems with collective ownership in the health care industry?

A: Collective ownership basically implies that the means of production (of a certain good or all the…

Q: A noted insurance authority has said, “Because the financing of long-term care is inconsistent with…

A: PLEASE FIND THE ANSWER BELOW.   LONG TERM FINANCE: Long-term finance can be defined as any financial…

Q: What approaches to healthcare reform are morally acceptable, economically effective, and politically…

A: Providing a combination of private and government insurance is policy to fix the consumer failure of…

Q: Why is there a need for health care reform?

A: Health Economics is defined as that branch of economics which relates to the issue of efficiency and…

Q: what are three reasons for health care inequities and how can they be avoided or reduced in order to…

A: Reasons for health care inequities can be mentioned as: Unequal distribution of income Unequal…

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: Select and explain at least one factor influencing health economics.

A: Health economics refers to a branch of economics that studies the efficiency, effectiveness, values,…