Relationship of health and utility

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Reference no: EM13813251

1. Name 4 factors that will likely impact a person's demand for healthcare. Which of these will have the greatest impact on spending?

2. Suppose that there is only one type of treatment performed at a dermatology center costing $200.00 per treatment. Consider that an insured patient has a $1,000.00 deductible that pays 80% of the patient's medical cost after the deductible is paid. When the patient has had 5 treatments- the treatment cost total equals the deductible. Draw a graph of cost and quantity of services. Continue now to plot the cost to the patient for visits 6 through 12. Draw a curve through the point from the 2nd, 5th, 7th 10th, and 12th visit. What is the optimum quantity of visits for the patient to have? (Hint: optimum quantity will be where both the insurance company and the patient have spent the same amount of money).

3. What are two major efficiencies arising out of providing health insurance through employer related work groups?

4. What is the difference between a HMO (health maintenance organization) and a fee for service insurance plan?

5. Write the equation that describes the relationship of health and utility. Use X(g) and X(b).

6. Who controls most of the flow of resources within a standard not for profit hospital?

7. Name three factors that have contributed to the declining hospital occupancy rates in the past 20 years

8. Is the nursing marketplace in San Diego a monopsony? Outline arguments pro and con and decide

9. Each Wednesday, Dr. Smith rents an ultrasound machine. Typically 5 exams are done each day.
Each film packet costs $20.
There is one film packet used for each ultrasound.
Calculate the daily total Fixed, Variable and Marginal Costs.

Quantity	Fixed cost	Variable cost	Marginal cost	Total Cost
0
1		20		100
2		40		120
3		60		150
4		80		200
5		100		300

10. What is orphan drug?

Reference no: EM13813251

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