Suppose that hospitals charge by the day and that the typical hospital charges $1000 per day but some charge more and some charge less, and that insured consumers can choose any hospital. What do you think of this argument? “With respect to consumer incentives about use of hospital care there is no difference between a $100 per day copayment and 10 percent coinsurance.”
Suppose that hospitals charge by the day and that the typical hospital charges $1000 per day...
1. The patient's health insurance plan has a $750 deductible for hospital visits, and then it covers 100 percent of hospital visit charges. The patient's first hospital visit this year had charges of $612. The patient was subsequently admitted to the hospital a second time this year, and the charges totaled $358. How much will the patient be billed for each visit? How much will the health insurance plan reimburse for each visit?2 A patient insured under an indemnity plan...
You are the CEO of a local hospital, which is located within a suburban location in a large metropolitan area. Though it neighbors million-dollar homes, the hospital’s mission includes providing care to underserved and indigent populations in the local area. In fact, one of the signature programs in this hospital is a prenatal care program provided for Medicaid beneficiaries. This hospitals goal is to increase the number of Medicaid beneficiaries that participate in prenatal care. It knows that only 40%...
Problem 1 Suppose you the owner of a hospital that treats patients in a particular city and that you are the only available hospital around. Your cost structure is such that the marginal cost of treating an extra patient is equal to MC(q)= (1/2) q What is the price you would charge if you only treated privately insured patients that have the following demand curve: P(q) = 150 – q Problem 2 Now suppose that 100 elderly people moved into...
Question options
1. Fixed, mixed, variable
4. the fixed cost per patient day is reduced, the total
fixed costs have changed, the variable cost per patient day
decreases
St. Teresa's Medical Center (STMC) offers a number of specialized medical services, including neuroscience, cardiology, and oncology. STMC's strong reputation for quality medical care allowed it to branch out into other services. It is now ready to expand its orthopedic services and has just added a free-standing orthopedic clinic offering a full...
.t 17) Suppose the minimum wage is $4 per hour, and 1,100 correct statement. the minimum wage to $6 per hour, and 900 units are now hired. Choose the units of labour are hired. Then the A) Total wages paid to workers has fallen. B) The quantity of labour supplied is greater at the higher minimum wage C) The price elasticity of demand for labour is 0.5 D) There is unemployment in this labour market E) all of the above...
Question:
Evaluate the relationship between cost per visit and week.
Interpret your regression results by
discussing significance of the regression equation and magnitude
of the estimated coefficients.
TRUE MASTER PLAN True Master Plan (TMP) is a managed care company that provides and finances health care services for employees of DigiTech Media, Inc. Approximately 5,000 employees at DigiTech Media are currently enrolled in TMP's health insurance plan. The number of enrollees has increased over the past year as DigiTech Media continued...
100 words comment on WHO (the typical shopper) this affects - what is the demographic of who will be fooled by this type of price change. Give an example you have seen where the producer changes the price in an unethical way. (Examples can include similar instances of changing packaging, or when you buy a car, charging for "extras" such as rustproofing, or when a cell phone distributor sells you "insurance" on a phone, but does not tell you there...
Earache Treatment, Alsle 3: The Rise of Retail Walk-in Clinics Thousands of retailers across America will soon feature walk in clinics to accommodate people who need to shop and want to get a flu shot or have an achy ear inspected on the same shocoing trip Nights, weekends hold most arwtime consumers with minor medical complaints are already stopping into local in clinics for quick, convenient, affordable care filling an important gap between getting urgent care at the hospital emergency...
Imagine that the market for hotel rooms in Hotel California is perfectly competitive. In a typical day hotel rooms go for $100, and 1000 rooms are rented. To raise revenue, the mayor of Hotel California decides to charge hotels a lump sum tax per rented room (a lump sum tax is a set dollar amount per room rented). After the tax is imposed, the going rate for hotel rooms rises to $108, the after-tax money received by hotels for a...
Case 5 Twin Falls Community Hospital (Capital Investment Analysis) Twin Falls Community Hospital is a 250-bed, not-for-profit hospital located in the city of Twin Falls, the largest city in Idaho’s Magic Valley region and the seventh largest in the state. The hospital was founded in 1972 and today is acknowledged to be one of the leading healthcare providers in the area. Twin Falls’ management is currently evaluating a proposed ambulatory (outpatient) surgery center. Over 80 percent of all outpatient surgery...