Reference no: EM133225176

What do we mean by the term Opportunity Cost?

Give one (1) of the Opportunity Costs associated with the very high expenditures on Personal Health Care Goods and Services in the United States.

QUESTION 2: THE CONCENTRATION OF HEALTH CARE EXPENDITURES: WHAT IS IT AND WHY IS IT IMPORTANT?

QUESTION 2.A.: Briefly describe the concept of Concentration of Expenditures

QUESTION 2.B.: Which group of Medicaid recipients is responsible for the highest percentage of total Medicaid expenditures?

QUESTION 2.C.: What does the literature concerning Concentration of Expenditures tell policy makers about where to focus health expenditure control efforts? Just give one (1) example.

QUESTION 3: WHY ARE THE PRICES SO HIGH? - WHY IS IT HARD TO CONTROL NATIONAL HEALTH CARE EXPENDITURES.

QUESTION 3.A.: Briefly describe WHO HAS established legal obstacles to comparing prices for Personal Health Care Goods and Services?

QUESTION 3.B.: Briefly describe ONE (1) EXAMPLE of a legal obstacle to comparing prices for Personal Health Care Goods and Services. 

QUESTION 4.: What does the growing body of academic literature say about the role of Patients in increasing demand for Personal Health Care Goods and Services?  Are Patients or Physicians more likely to recommend additional health care goods and services that may not be necessary?  GIVE AT LEAST ONE (1) EXAMPLE FROM THE VIDEOS.

QUESTION 5.: Briefly describe an all payer system as an example of a public regulatory approach to controlling expenditures for Personal Health Care Goods and Services. How does it work?