Health Economics and Policy
Health Economics and Policy
7th Edition
ISBN: 9781337106757
Author: James W. Henderson
Publisher: Cengage Learning
Question
Book Icon
Chapter 9, Problem 1QAP
To determine

Surgeons’ ability in increasing the demand for surgeries and the kinds of surgeries fall into this category and how to determine that they are unnecessary.

Expert Solution & Answer
Check Mark

Explanation of Solution

Surgeons have a higher ability in increasing the demand for surgeries as they attempt to increase the demand for their services that will increase their income. One of the most common surgeries unnecessarily prescribed by the doctors is bypasses. Sometimes even for the minor heart diseases some doctors tend to overprescribe the bypass that may lead towards more complicated medical issues. Women have been identified as the main victims of these unnecessarily prescribed surgeries. With rising demand for hysterectomies and caesarean sections surgeries, this has been evident. One of the most commonly prescribed unnecessary surgeries include removing of the uterus and other parts of the uterus that may lead towards complications in certain situations. In determining these unnecessarily prescribed surgeries, it is recommended that the patients seek opinion from another surgeon/doctor especially in the government sector as they serve the public with less purpose of making profits that is lacking in most of the private sector surgeons and doctors.

Economics Concept Introduction

Introduction:

The objective of this study is to analyze the surgeons’ ability in increasing the demand for surgeries and the kinds of surgeries fall into this category and how to determine that they are unnecessary.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Two firms are competing in a Cournot duopoly. Both firms have the same constant marginal cost. The market demand is linear. Suppose the constant marginal cost of firm 2 is increasing. Which of the following statements are correct? [There may be more than one correct statement.]     The quantity of firm 1 and the quantity of firm 2 both go up.     The quantity of firm 1 goes up and the quantity of firm 2 goes down.     The market price goes down.     The market price goes up.     The quantity of firm 1 and the quantity of firm 2 go down.     The quantity of firm 1 goes down and the quantity of firm 2 goes up.     The market price stays the same.
evaluate the impact of government interventions, such as antitrust regulations, price controls, or subsidies, on various market structures. Select a specific industry and examine how these interventions have influenced competition, consumer welfare, and economic efficiency. Provide the pros and cons of government intervention.
Consider an economy that exhibits both population growth (L grows at rate n) and technological progress (A grows at rate a) described by the production function, Y = F(K, AL) = Ka (AL)¹-α Here K is capital and Y is output. (a) Show that this production function exhibits constant returns to scale. [2 marks] (b) What is the per-effective-worker production function, y = f(k), (where y = Y/AL k K/AL)? (Show your working.) [2 marks] (c) Find expressions for the steady-state capital-output ratio, capital stock per effective worker, and output per effective worker, as a function of the saving rate (s), the depreciation rate (8), the population growth rate (n), the rate of technological progress (a), and the coefficient a. (You may assume the condition that capital per effective worker evolves according to Ak = sf (k) - (a+n+8)k.) [5 marks] (d) Show that at the Golden Rule steady state the saving rate for this economy is equal to the parameter a. [6 marks]
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:9781337668279
Author:Henderson
Publisher:YUZU
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Text book image
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Text book image
Economics For Today
Economics
ISBN:9781337613040
Author:Tucker
Publisher:Cengage Learning