Economics of Healthcare
Question One (One-page single-spaced or a double-spaced essay, it should be about two pages.)
Define and provide an original example of the concepts listed below.
Discuss their significance in determining the efficient functioning of a medical market.
Moral Hazard
Adverse Selection
Asymmetric Information
Third-Party Payer
Cream Skimming
Question Two (One-page single-spaced or a double-spaced essay, it should be about two pages.)
Write an essay in which you
Describe the theory of physician-induced demand for medical services.
Explain how the dual nature of the physician’s role as both advisor and provider supports the induced demand theory.
Identify and explain what implications physician-induced demand has for healthcare policy.
Discuss how health insurance reinforces physician-induced demand.
Discuss what the natural limits to the alleged problem of physician-induced demand are.
Question Three (One-page single-spaced or a double-spaced essay, it should be about two pages.)
Write an essay in which you
Describe the different characteristics of for-profit and not-for-profit hospitals.
Discuss whether the non-for-profit hospital status eliminates the for-profit behavior. Explain your answer.
Define cost-plus pricing and discuss how it affects the hospital’s behavior.
SUNY Canton Economics of Healthcare Discussion Questions