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Question - Based on the Harvard business review article titled - A Payment Model That Prevents Unnecessary Medical Treatment answer the following questions:
You are 64 years old and have been diagnosed with advanced arthritis (bone-on-bone) in your right hip joint. You are healthy and physically fit. You were advised to get a hip replacement. You have comprehensive health care insurance - with affordable 10% co-payment for surgery and related physical therapy. You found orthopedic surgeon with excellent health ratings and patient outcomes to perform the surgery.
How would you as a patient- benefit or not if your surgeon was part of a provider practice that was getting paid on a global capitated payment? Consider both inpatient surgery and outpatient care (physical therapy) associated with this hip replacement. Explain whether this payment make it more convenient for finding and paying for quality providers or not?
As a health manager of a provider practice (similar to one in the article) with capitated payments for orthopedic care, what information would you need to make available to providers to help them manage the health of their patients while controlling provider's financial payment risk.
200 words minimum.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
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Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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