implementation of the Affordable Care Act, the United States Health Care system is making tremendous provision for the Latino population (which continues to grow rapidly) to enjoy health care insurance coverage. Access to health care insurance coverage for the Latino population is difficult because of a large population of undocumented immigrants plus cultural and linguistic disparity. Care for Latinos is difficult because Latino Spanish-speaking physicians are in short supply and unable to meet the dire
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comprehensive health care legislation was passed by Congress and signed into law by President Obama. These laws were the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act, collectively known as the Affordable Care Act (ACA). The ACA represents the largest changes to health care since the creation of Medicare and Medicaid programs 45 years prior. It is expected to allow more than 32 million Americans to finally afford health insurance.
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The Demand and Supply Model by Peter Smith, Economic Review Vol 25, Nov 2007 (adapted) The demand and supply model is a powerful device that enables us to analyse a wide range of market situations. Learning to use it appropriately is an important step towards becoming an economist. This model is relatively straightforward, but there are some pitfalls that students should be aware of when using it. This involves the important distinction between “movements along” and “shifts of” the demand
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Affordable Care Act (ACA) on a large WWAMI (Washington, Wyoming, Alaska, Montana, and Idaho) medical education program which trains primary care health professionals for rural regions. Under the ACA, demand for primary care health professionals increases as more people will get health coverage. Medical schools are accepting more students to satisfy this demand, but there are limits on graduate medical education and residency positions are also limited. This will still result in insufficient supply. The
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Health Care History Timeline Using Economic Terms Chenelle J. Hunter Economics: The Financing of Health Care/HCS440 October 29, 2012 Professor John Branner Health Care History Timeline Using Economic Terms The health care sector is just as synonymous to economics as the business and financial sector of the economy. Early 1900s mark the beginning of organized medicine. The American Medical Association (AMA) gains influence and power as the nation’s organization of state and local associations
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The Argument for using Retainer Medicine as a Means of Improving Primary Care Huddle, M.D., PHD, Centor, M.D. (2011) “Retainer Medicine: An Ethically Legitimate Form of Practice That Can Improve Primary Care.” Annals of Internal Medicine, Volume 55, Number 9 In retainer practices, Primary Care Physicians (PCPs) contract with patients who are willing to pay a flat annual fee either for all primary care services or for services beyond those covered by conventional insurance. The physician with
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Getzen & Allen – Health Care Economics Multiple-Choice & True/False 30 Multiple-Choice and True/False questions. Please highlight the correct answer. Once completed submit it as an attachment to the Assignment Link: 1. The insight that both parties must be benefiting if they freely agreed to make a trade is known as the fundamental theorem of exchange. True or False? 2. In a two-party transaction, consumers make up the demand side, while sellers make up the supply side. True or False? 3. A recent
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Medical Care for an Aging Population HCS/440 Economics: The Financing of Healthcare University of Phoenix Online Medical Care for an Aging Population There are many issues that face the health care system for the aging population such as the strain on major funding programs such as Medicare, Medicaid, and social security by not having enough funding to cover the growing baby boomer population as they reach retirement age. Social security is the largest federal spending program and Medicare
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Comparative Summary The health care industry in the United States is big business in proportion to gross domestic product (GDP). Americans spend approximately two trillion dollars on health related expenditures (Baker, & Baker, 2013). The industry is expected to experience positive growth over the next two decades (Baker, & Baker, 2013). Coupled with this growth is the pressing need to control costs. This is especially so in government funded reimbursement programs, such as Medicaid and Medicare
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(Categories of Price Elasticity of Demand) For each of the following absolute values of price elasticity of demand, indicate whether demand is elastic, inelastic, perfectly elastic, perfectly inelastic, or unit elastic. In addition, determine what would happen to total revenue if a firm raised its price in each elasticity range identified. a) ED = 2.5:elastic b) ED = 0.8:inelastic 2-) (Price Elasticity of Supply) Calculate the price elasticity of supply for each of the following combinations
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