following figure represents a hospital facing both private and Medicare ients. Please use the graph to answer the following questions. pital ment 5) 0 A B Patients (Hospital Admissions) A. If Medicare decides to cut the DRG price, what will be the effect on the number of private and Medicare patients served by the hospital. Please draw the new demand curves and label the new number of patients in the graph above and discuss the effect briefly. B. What is the concept of cost-shifting? What does the above analysis tell you about cost-shifting?

following figure represents a hospital facing both private and Medicare ients. Please use the graph to answer the following questions. pital ment 5) 0 A B Patients (Hospital Admissions) A. If Medicare decides to cut the DRG price, what will be the effect on the number of private and Medicare patients served by the hospital. Please draw the new demand curves and label the new number of patients in the graph above and discuss the effect briefly. B. What is the concept of cost-shifting? What does the above analysis tell you about cost-shifting?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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