Term Paper on "Economic Models and Analysis"
Term Paper 3 pages (1107 words) Sources: 1+
[EXCERPT] . . . .
Economic Models and AnalysisHealthcare costs pertains to any fees used in any attempts for technology advancement of medical procedures, the payments for medicinal costs like vitamins supplements, food supplements, and/or life saving drug therapies, or even payments for surgeries and hospitalizations, nursing homes and so many other aspects which sole purpose is to offer any form of health assistance to the people. Other aspects that can be added to this list is the costs acquired in the payment of the professional health providers like the doctors, nurses, anesthesiologists, laboratory technicians among others who, as recent newspapers of news reports reveal, are being deficient in so many countries like the U.S.
The United States spends 14% of the gross domestic product (GDP) on healthcare, more than any other country, yet still one in seven Americans - a total of 45 million people, including 8.4 million children - lack health insurance. The middle classes are the largest group among the newly uninsured. Out-of-pocket healthcare costs for workers rose 50% between 2000 and 2003, and half of all bankruptcies, now at record levels, are attributed to health care costs. Meanwhile, the cost of the ten most-used prescription drugs has increased nearly 9% in 2003, outpacing inflation (U.S.Census Bureau, Current Population Survey 2004).
Just to see the situation of the healthcare systems, affecting not only the adult citizens, but also majority of the children coming from the families with no definite nor good sources of income, here are some significant facts (http://www.epinet.org/content.cfm/press_releases_hardships,2004):
Twenty-nin
download full paper ⤓
Nearly one-third of families with incomes below twice the poverty threshold faced at least one critical hardship, like going without food, getting evicted or having to "double up" in housing with another family, or not having access to medical care during an acute illness.
Nearly three-quarters of families below twice the poverty threshold faced at least one serious hardship, like worrying about food, failing to pay rent, using the emergency room as their main source of health care, having the telephone disconnected, or having children in inadequate child care arrangements.
Families at all income levels have a hard time finding day care centers with the adult-to-child ratio recommended by the American Academy of Pediatrics. In 49 states, childcare costs are greater than the tuition to public colleges.
Policies to boost income are only part of a plan to ensure that all American families can afford a safe and decent standard of living. Families that earn enough income to be ineligible for Medicaid, for example, are still often unable to afford private health insurance. These experiences indicate that Americans at all income levels need a stronger social safety net.
Why Healthcare Cost Continue to Rise?
It is clear now that there is a big problem on the equal distribution or availability of healthcare services to all, because of the continuously soaring healthcare costs. But what or who are the culprits of this? Are there things which continuously pushing this cost to… READ MORE
Quoted Instructions for "Economic Models and Analysis" Assignment:
The assignment;
Identify a healthcare realated current issue/product or service related to production and/or consuption of heathcare goods/services and develop a model that depicts the economics of it and demonstrate degreee of anlysis and policy conclusions.
I am presently involved in working on a program to pay physicians for services delivered when they come into the ED to see patients while on county call for the emergency dept. The patient has no ability to pay---the demand for services is present-the physicians are limited*****”
Comment from professor:
one approach to think about these issues is that demand-side for physician services is given and you have to figure out the supply-side of the issue*****¦ what resources to bring in and how to mix them in order to meet the demand*****¦ so the challenge is what resources are needed and how to mix these resources (technology of production) to produce outcomes or services to meet the demand*****¦ of course, given that some WANTS/NEEDS will not be satisfied, the question of rationing and allocation enters the picture*****¦ So, managing the demand-side to create a balance between the supply (availability) of services and the demand*****¦. You can approach these challenges from one or the other side or if the legal and institutional limitations will allow, manage not only the supply-side but also who will have access (demand) at what price*****¦.
How to Reference "Economic Models and Analysis" Term Paper in a Bibliography
“Economic Models and Analysis.” A1-TermPaper.com, 2007, https://www.a1-termpaper.com/topics/essay/economic-models-analysis-healthcare/9970705. Accessed 5 Oct 2024.
Related Term Papers:
Economics in the Real World Research Proposal
Economics in the Real World - "Buy American" and the P.A.C.E.D. Decision-Making Model
Introduction and the Event
The forces of globalization are affecting all features of the every day life.… read more
Research Proposal 4 pages (1077 words) Sources: 1 Style: APA Topic: Economics / Finance / Banking
Economic Development and Crises Term Paper
Economic Development and Crises
The modern day economy is currently confronted with the most challenging contexts since the 1929-1933 Great Depression. The contemporaneous crisis commenced within the United States real… read more
Term Paper 4 pages (1205 words) Sources: 3 Topic: Economics / Finance / Banking
Economic Model for Monopoly Analysis in Telecommunication Term Paper
Economic Model for Monopoly Analysis in Telecommunication:
Proposal to demonstrate Uniqueness. Mathematical Economic Model.
The Telecommunications Act of 1996 sought to end the monopoly that once existed in the telecommunications… read more
Term Paper 30 pages (14390 words) Sources: 1+ Topic: Business / Corporations / E-commerce
Economic Way of Thinking Always Consists Term Paper
economic way of thinking always consists of winners and losers. Something is gained and something must be lost in an economic transaction. Economic thinking is important when modeling and creating… read more
Term Paper 2 pages (557 words) Sources: 0 Topic: Economics / Finance / Banking
Economic Issue and Model Term Paper
Big Push in South Korea
South Korea is currently one of the fastest growing economies of the globe, and this is due to four decades of sustained growth. The government… read more
Term Paper 10 pages (2940 words) Sources: 3 Topic: Economics / Finance / Banking
Sat, Oct 5, 2024
If you don't see the paper you need, we will write it for you!
We can write a new, 100% unique paper!