What would happen to wages and number of individuals employed in that market if new law required all businesses in that market and other markets to provide their employees a better health insurance policy? Why? Use your analysis to explain who actually pays the costs of health insurance premiums in competitive labor markets.

Does the migration of American medical tourists negatively affect the U.S. healthcare system and economy? If so, how? If not, why?

How does the introduction of health insurance as a benefit influence the supply curve for labor?

What’s the model used to explain demand for health services ? What differences are there between this and production of health and demand for health

Which provisions for worker health emanate from international organizations such as the World Health Organization and the International Labor Organization?

Ronald Coase in his classic October 1960 article “The Problem of Social Cost” (Journal of Law and Economics 3[1], pp.1-4) discussed collective ownership of resources.  Collective ownership often means that no one takes care of resources, or at minimum that resources are not cared for as well as if they were privately owned.  What are some of problems with collective ownership in the health care industry? Can you think of some examples in which collective ownership works?  In what situations does it not work?

For a single illness (such as a sore throat and cough), show the demand curves for three different consumers with different preferences about medical care and other goods. Need the demand curves be parallel? Could they ever cross? Now aggregate those three demand curves into a demand curve for them together. If these three people constitute the entire population in a market area, then this demand curve is the "market" demand curve. Think about what would happen when you aggregated the demand curves of thousands of individuals.

Between 2008 and 2010, TOTAL EMPLOYMENT in the United States Declined by approximately 5.1 percent. During this same time, jobs in the Health Care industry Increased by 6.4 percent. What is the name of the theory that describes this phenomenon, and use it to explain WHY the health care industry did not decline with the rest of U.S. employment.

When Rosenthal writes about how future payments for health care services depend on current charges and the incentive is for doctors to perpetually increase rates, what economic rule of the dysfunctional medical market is she referring to?

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? (Please answer questions a, b, and c below.) What is the effect of this maximum price legislation on the market for health insurance? Briefly explain the situation for both consumers and producers (i.e. health care providers). What might the government do to achieve their intended aims (i.e. lower costs and increased quantity)?