WK5 CHAP5 Microeconomic Concepts Current State of US Health Care Industry

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WK5 CHAP5 Microeconomic Concepts Current State of US Health Care Industry

Identify and describe the current state of the health care industry or a particular segment of the healthcare industry

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using the Microeconomic concepts and tools we have studied this semester. You will find an overview of the economics of health care in chapter 30 and a discussion of Medicare in Chapter 5. For this week, you will want to supplement this reading with research from a newspaper or newsmagazine or from a reputable online source that deals with U.S. Healthcare.

For this week your post should:

List the pros and cons related to the current system in place in the United States along with a short explanation of health insurance and how it relates to this debate.
Apply either supply and demand analysis (week 2 material) or elasticity analysis (week 3 material) or the examination of market structures (weeks 4-5 material).
Develop your own solution to this social issue, but you must understand and explain the economic costs of your decision.
Hint: You may want to compare healthcare systems in other countries.

This is always a very interesting discussion. Healthcare is a problem in this nation and has been for a long time. Part of it is the unique system we have.

If this topic is of interest to you, I would recommend two books:

An American Sickness by Elisabeth Rosenthal and Code Red An Economist Explains How to Revive the American Healthcare System without Destroying It.