A government official states: “To increase the number of workers in the senior-care industry, government should subsidize the workers in this industry." Do you agree? Provide explanation and advice in words and diagrams.

Q: What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision…

A: The Certificate of Need (CON) program is a regulatory process used in the healthcare industry to…

Q: Demand falls by 5 percent for every 10 percent increase in price health care services.

A: Price elasticity of demand: Price elasticity of demand is defined as the percentage change in the…

Q: Discuss your views on the effect of price on the demand for urgent or non-urgent medical care.…

A: Effect of price on the demand for urgent or non-urgent medical care. If price of urgent or…

Q: The stated premise behind the production function for health is that medical care, when combined…

A: A little healthcare may rapidly cure less serious illnesses, thus as health production increases in…

Q: As medical terminology continues to develop, will the marginal product activity of each additional…

A: As medical terminology continues to develop, the impact on the marginal product activity and average…

Q: what are your contributions of a pharmacist into socio-economic development as a consumer and as a…

A: A pharmacist is said to be a person who is involved in the process of designing, creating, or…

Q: A medical reported that the consumption of this product has many health benefits Describe how does…

A: As a medical reported that the consumption of this product has many health benefits, Describe how…

Q: rgent car

A: Urgent Care means services being required for preventing serious deterioration of health which…

Q: Draw a demand and supply diagram and use it to explain the effects of occupational licensure of…

A: Market dynamics refer to the dynamic interplay of supply and demand, price fluctuations, and…

Q: Assume that the government decides to subsidize the price of healthcare. The subsidy will be given…

A: When the government subsidizes healthcare for consumers, demand for services increases. While…

Q: How do economic evaluations in Healthcare inform policy and other decision makers

A: Economics deals with the allocation of limited resources to maximize the welfare of the economy. It…

Q: Discuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of…

A: The health-care system that provides insurance and services to its members.  The traditional HMO is…

Q: Define capitation as related to managed

A: Health economics is the study of how to make health care more unbiased, accessible, and affordable…

Q: How can healthcare systems address the inelastic demand for emergency care to prevent unchecked and…

A: The elasticity of demand:The elasticity of demand is calculated as the proportional change in…

Q: The health care industry encompasses the following sectors, except:  A. Dental care B. Health clubs…

A: Answer:- (B) health clubs

Q: How do economists define teacher quality? Discuss the strengths and weaknesses of this definition.

A: Teaching is a cultural activity, and perceptions of teacher quality have evolved as American…

Q: The cust for long lerm care is increasing because the population is gelling less mobile the…

A: Health  is most important factor in  capital formation because a good health is the Indicator of…

Q: Compared with doctors who are paid on a fee-for-service basis by health insurers, doctors who are…

A: In the healthcare system, fee-for-service refers to the payment method in which physicians get a…

Q: Health Economics- whether the profit motive in hospitals generate a negative impact on the quality…

A: The duty absolved status of Non-benefit hospitals, expects them to give greater local area based…

Q: Build and secure a market based economic intervention to address the social determinants of health.

A: Market based economic intervention for building health determinants would be to increase medical…

Q: U.S. health spending per capita in 2012 was         less than $3,000.     between $3,000 and…

A: spending refers to the act of using money or resources to purchase goods and services. It represents…

Q: Pay-for-performance (P4P) programs are initiatives implemented by the government, insurance…

A: Introduction Pay for performance programs in health care between doctors and insurance such as…

Q: A study found that minorities and the unemployed consult physicians less frequently. Accessing…

A: Telemedicine refers to the process of providing medical care, diagnosis, treatment, and consultation…

Q: Which situation is most likely to create an incentive for doctors to perform unnecessary procedures…

A: The situation most likely to create an incentive for doctors to perform unnecessary procedures is: a…

Q: Explain the difference between the institutionalized and person-centered models of support in…

A: The institutionalized support concept is primarily focused on improving or correcting societal…

Q: explain State policies that mandated the release of physician report cards were greatly beneficial…

A: Several states have begun publishing hospital report cards as a result of state legislative…

Q: How has Demand and Supply shaped the education industry ?

A: Demand for education has increased drastically due to the development of industry and corporate…

Q: Education is a non-health social determinant of health (SDOH).  A policy needs to be introduced to…

A: Education refers to the process of acquiring knowledge, skills, values, beliefs, and habits through…

Q: What is the significance when it comes to cream skimming to show it's efficient function of a…

A: In the context of marketing and pricing strategies, "skimming" refers to a pricing tactic in which a…

Q: What is a potential benefit of offering a health and wellness program to government workers?

A: What is health & wellness program  A program expected to improve and advance wellbeing and…

Q: The effects of the national health care program on labor markets will      increase the quantity…

A: The correct answer is given in the second step.

Q: What is the main reason why physicians believe they are not fairly compensated? Increasing…

A: Fair compensation is the one in which the individual receives a compensation which is proportional…

Q: Suppose the government sets the maximum price for a normal doctor's visit at $20, but the current…

A: Government intervention is considered as the regulatory action that influences the decision-making…

Q: How do fee-for-service and capitation payment systems affect the amount of medical care the patient…

A: Telehealth facilities provide special and inexpensive care to the patients. The main benefit is the…

Q: Healthcare costs as a share of GDP has been on the rise for the last several decades.  What are…

A: 1. The cost of healthcare as a share of GDP of a nation is rising from the last several decades.…

Q: Medical bills may be paid by any of the following methods except           shifting consumption…

A: Economics is a social science that studies the production, distribution, and consumption of goods…