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- Describe information imperfection and its role in market failure. Do consumers possess perfect acknowledge regarding their health status and the treatment options available to them?In 3-4 pages in APA style making sure to provide citations and references with peer reviewed articles to support your research; specifically address the following: 1. Analyze the role of the paradigm shift under the Affordable Care Act and discuss how transparency will play a greater role in pricing of healthcare. 2. In your opinion, will consumers begin to demand increasing transparency in pricing? 3. Do you believe accrediting commissions (e.g., the Joint Commission) will demand greater transparency in pricing? How will these demands be weighted as compared to individual consumers’ demands?Recognize adverseselection and summarize the ways in whichit can be reduced.
- Consider a consumer with a medical bill of $1,000. He has a $250 deductible and a 10 percent coinsurance rate on all expenses over $250. His "out-of-pocket" liability for this bill is $ Please type in a number (without any extra space, symbol, word, etc.)How does the fee-for-service payment model impact healthcare delivery and patient outcomes in comparison to alternative payment models?Compare and contrast the ideas of 'caveat emptor'and 'caveat vendor.'When looking at consumer protection, which of these terms would be favored by the Market Approach? Which one does the theory of Social Care support? Which one (emptor or vendor) do you feel consumers and businesses should be following? Why?
- In Hayward, there are 100 people who want to sell their used cars. Everybody knows that 50 of these cars are "lemons" and 50 of these cars are "peaches." The problem is that nobody except the original owners know which are which. Owners of lemons will be happy to get rid of their cars for any price greater than $200. Owners of peaches will be willing to sell them for any price greater than $1,500 but will keep them if they can't get $1,500. There are a large number of buyers who would be willing to pay $2,500 for a peach but would pay only $300 for a lemon. When these buyers are not sure of the quality of the car they buy, they are willing to pay the expected value of the car, given the knowledge they have. If all 100 used cars in Hayward were for sale, how much would buyers be willing to pay for a used car? Type the number without the thousands separator or $ sign.In health insurance how does coinsurance differ from a deductible?A market dominated by nonprofit providers is a prescription for increased spending. Select one: O True False Check 22 Fin
