Suppose the government imposes a system of price ceilings in the health care industry as part of an overall health care reform bill. a) what happens to the amount of market exchange ?  b) explain the impact of the price ceiling on efficiency  c) who bears the cost of the regulation?

How can correctional budgets be decreased without compromising institutional safety and public safety?

In his testimony before the house ways and means health subcommittee, Robert Reischauer stated that Congressional budget office research concluded that price controls could severely limit the quality and quantity of medical care in the United States. He also argued that the only way to control medical care spending is by imposing global healthcare budgets at the national level. Explain how price controls can be bad and global budgets good.

What would happen if, in order to provide lower-cost health care, the government decided to set a price ceiling (Pmax) in the health insurance market? (Answer questions a, b, and below) a. What is the effect of this maximum price legislation on the market for health insurance? b. Briefly explain the situation for both consumers snd producers (i.e health care providers) c. What might the government do to achieve their intended aims (i.e. lower costs and increased quantity)?

ECON201 Macroeconomics - Associate Professor Jamie J. Muter 5) Chapter 6 Problem 4.14 Some firms offer their employees' health care plans with high deductibles, sometimes as much as $4,500 per year. What effect do high-deductible plans have on how often employees visit doctors or otherwise use health care services? If the federal government were to require that employer health care plans have deductibles that were no greater than $200 per year, would the employees in these plans be better off? Would the employers offering these plans be worse off? Briefly explain. I

Determine whether the following statement is a topic of study in microeconomics or macroeconomics: Higher wages paid to nurses would solve the nursing shortage problem.

Identify whether or not the physical therapy market contributes to market failures (market power, externalities, public goods, information issues) or failure of markets (morality, equity, consumer sovereignty). Is the government directly involved in addressing any of these issues? Also, identify what future changes you anticipate being on the horizon related to the physical therapy industry (state at least two). Identify how these changes will potentially impact this product's consumers and supplier

Draw a market demand curve and market supply curve for automobiles and label these curves D₁ and S₁, respectively. On the same graph, show what would happen if the auto workers union required all manufacturers of automobiles to now provide health insurance for ALL workers and their dependents. (Note: Assume that prior to this change, manufacturers of automobiles do NOT provide health insurance coverage to 100 percent of their employees and/or their dependents.) Think about whether you think this change would affect the demand curve or the supply curve for automobiles, and then consider in which direction you think the curve should shift. Draw a new curve and use a subscript 2 to identify it as the new demand (D₂) or supply (S2), whichever is appropriate. Be sure to label: • Both axes The original equilibrium price and quantity before the change The new equilibrium price and quantity after the change

Would cost transparency aid in slowing the increase in healthcare cost?

Do you believe expenditures for child care and fitness facilities are warranted from a cost-benefit perspective? Why or why not?