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Describe the role of supply and demand in healthcare

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Reference no: EM133131463

-Explain the definition of each of the concepts for Healthcare Economics: cost benefit analysis; cost effectiveness; quality-adjusted life year; value of life (payments).

-Explain why these economic concepts are important to healthcare administrators as it relates to healthcare spending and current healthcare economic policies to control spending.

-Describe the role of supply and demand in healthcare as demonstrated through use of an example of good, services, and labor markets. Why would a supply and demand analysis be a useful tool as a healthcare administrator?

-Medicaid provides price subsidies that increase service utilization among low-income populations. Describe the relationship between income and healthcare utilization.

-Describe how the PPACA (Patient Protection and Affordable Care Act) has impacted the economics, supply and demand, and the cost to individuals for healthcare coverage.

Reference no: EM133131463

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