Please answer the following on hospitals in the marketplace. a. Do for-profit or non-profit hospitals grow more rapidly in places with rapidly growing demand for healthcare such as Florida, California, and Texas? What explains this observation? b. Suppose that in a market we see an increase in competition as new hospitals enter the market. Under the "Old Style" of insurance payments, what would happen to the costs of the hospital? What about under the "New Style" of insurance payments? Please explain being sure to discuss the meaning of "Old Style" and "New Style" in your answer.

Please answer the following on hospitals in the marketplace. a. Do for-profit or non-profit hospitals grow more rapidly in places with rapidly growing demand for healthcare such as Florida, California, and Texas? What explains this observation? b. Suppose that in a market we see an increase in competition as new hospitals enter the market. Under the "Old Style" of insurance payments, what would happen to the costs of the hospital? What about under the "New Style" of insurance payments? Please explain being sure to discuss the meaning of "Old Style" and "New Style" in your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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