The proportion of an insurance company’s premium income spent on provision of treatments is called the         formulary.     capitation per member per month.     point of service.     medical loss ratio.     total premium.

Does perfect competition provide an advantage or disadvantage to the consumer and to the health care provider/organization? Provide an example of perfect competition within health care.

What does price elasticity of demand mean for insurance companies and medical providers for making a decision?

How can I Analyze the effect of healthcare reform on the healthcare consumer who uses the Insurance company launching a new medical product for the health insurance exchange

Briefly analyze & discuss the advantages and disadvantages of adopting a single-payer system for a National Health Insurance policy. (Please create a table to compare)

Question 18 The highest percentage of uses of health care funds in the U.S. for 2010 was hospital care. research. home health care.

In 2018, approximately what was the national average daily rate for a private room in a long-term care facility?

Suppose consumers consume and gain utility from two types of goods and services – (1) health care and (2) all other goods & services. Using this information, derive the demand curve for health care.

Since the passage of Medicare in 1965, what has happened to overall medical spending for the elderly?  Per capita spending? Out-of-pocket spending? How does this compare with healthcare spending by the non-elderly?

i.  i.   Distinguish between the medical definition of heath and the economic definition of health.     ii.  Which definition you like better? Explain.