HomeworkLib
Question

The need for medical care and the demand for medical care: a) are never the same...

The need for medical care and the demand for medical care:

a) are never the same

b) depend on the perspective of physicians, patients, and third party payers

c) are the same when third party payers, such as insurance companies, agree to pay for the services doctors recommend

d) can both be limited by government action

e) can both be limited by increased income

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Solution: depend on the perspective of physicians, patients, and third party payers

Explanation: The need for medical care and the demand for medical care depend on the perspective of physicians, patients, and third party payers. When third party pays for medical care, consumers are more willing and able to demand for additional medical services. Also the need of requirement of health care depend on the patients willingness. Physician sovereignty results to higher demand for medical care, as well as higher medical costs

0 0
Add a comment
Know the answer?
Add Answer to:
The need for medical care and the demand for medical care: a) are never the same...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Third-party payer reimbursements are variable because: Expenditures for medical supplies vary from month to month and...

    Third-party payer reimbursements are variable because: Expenditures for medical supplies vary from month to month and pharmaceutical prices depend on demand Someone made a coding error in the open-heart unit that did not allow payment for a urinary tract infection C A facility will not have an identical number of patients to treat with the exact types of procedures every month Medicare, Medicaid, and private insurance pay at the same reimbursement rate but depend on private pay

  • Discussion Question #2 Medical tourism is a recent trend in health care. Patients go to a...

    Discussion Question #2 Medical tourism is a recent trend in health care. Patients go to a different country for either urgent or elective medical procedures. The procedures are the same procedures being done in U.S. hospitals and outpatient surgery centers, often by American-trained physicians who have moved back home. Medical tourism is fast becoming a worldwide, multi-billion- dollar industry. In fact, some insurance companies are paying for the cost of the procedures, as costs are far less than those charged...

  • Money paid by a third-party for a patient's care medical federal care program for people age...

    Money paid by a third-party for a patient's care medical federal care program for people age 65 or older and for peop stage disease Dedicare 3 or older and for people with conditions such as end- ice carrier that details the services provided and A preprinted form filed with a health insurance carrier that detal other pertinent data to receive benefit A health insurance contract has clause that defines conditions or treatme health policy nes conditions or treatments not covered...

  • Piedmont Overlook Care Organization Case Study Piedmont Overlook Care Organization (PPOCO) is a group of medical...

    Piedmont Overlook Care Organization Case Study Piedmont Overlook Care Organization (PPOCO) is a group of medical facilities that provide healthcare services across the Southeast. PPOCO first offered services in 1986 to address medical service needs in the local community. The goal was to provide comprehensive healthcare. It was also the goal to provide services beyond the traditional operating hours of primary care and other doctor offices. PPOCO focuses on total wellness that incorporates an integrative approach to optimize quality patient...

  • Income and the Price Elasticity of Demand for Medical Care. Like many other developing​ nations, Peru...

    Income and the Price Elasticity of Demand for Medical Care. Like many other developing​ nations, Peru subsidizes medical​ care, charging consumers a small fraction of the cost of providing services such as visits to medical clinics. The price elasticity of demand for medical care is 0.67 for poor households but only 0.03 for wealthy households. Suppose the government reduced its subsidies for medical​ care, and the price to consumers increased by 20 percent. The changes in the quantity of medical...

  • During its current fiscal year, Evanston General Hospital, a not-for-profit health care organization, had the following...

    During its current fiscal year, Evanston General Hospital, a not-for-profit health care organization, had the following revenue-related transactions (amounts summarized for the year). 1. Services provided to inpatients and outpatients amounted to $9,660,000, of which $455,000 was for charity care, $933,000 was paid by uninsured patients, and $8,272,000 was billed to Medicare, Medicaid, and insurance companies. 2. Donated pharmaceuticals and medical supplies valued at $270,000 were received and utilized as general expenses. 3. Medicare, Medicaid, and third-party payors (insurance companies)...

  • Please REWORD THE PASSAGE IN A BETTER WAY: The health care industry is the same and...

    Please REWORD THE PASSAGE IN A BETTER WAY: The health care industry is the same and different than the other industries in different aspects. It is different from the other industries in that in healthcare the products ill-defined, the result of the care is uncertain, the payments are done by 3rd parties, like private insurers and the government, and the industry`s large segments are dominated by the providers who are not after profits. A number of these factors, however, exist...

  • Please REWORD THE PASSAGE IN A BETTER WAY: The health care industry is the same and...

    Please REWORD THE PASSAGE IN A BETTER WAY: The health care industry is the same and different than the other industries in different aspects. It is different from the other industries in that in healthcare the products ill-defined, the result of the care is uncertain, the payments are done by 3rd parties, like private insurers and the government, and the industry`s large segments are dominated by the providers who are not after profits. A number of these factors, however, exist...

  • can you summarize this in a two paragraphs? ESSENTIALS FOR A STRATEGIC THINKER 4-5 What Are...

    can you summarize this in a two paragraphs? ESSENTIALS FOR A STRATEGIC THINKER 4-5 What Are Federal Health Centers? areas. Most located in medically underserved The Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services (HHS) awards grants to four types CHC patients have incomes at or below the fed. eral poverty level. Although CHC Patients with incomes at or of Federal Health Centers (FHCS): (1) Community Health Centers (CHC ): (2) health centers...

  • The North Florida Women’s Center (the “Center”) is a nonprofit organi- zation that provides counseling and...

    The North Florida Women’s Center (the “Center”) is a nonprofit organi- zation that provides counseling and assistance to women in Tallahassee and nearby areas of Florida and Georgia. Last year, the Center’s board of directors decided to expand its services by providing healthcare services to women, including obstetric and gynecological (OB/GYN) services, family planning, contraception, and abortion. The Center will provide these services on a sliding-fee scale, depending on the patient’s income and health insurance. The Center has a written...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT