5/6/2020 Assessment 2 Instructions: The Supply and Demand of Health …
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Assessment 2 Instructions: The Supply and Demand of Health Care
Write 7-9 pages that compare different models of supply and demand, as well as analyze how legislation and
reimbursement methods impact supply and demand for health care.
As we take a closer look at the demand side of economics, we will consider how need versus demand is different
and how this impacts planning and policy in the health care environment. Demand is typically initiated by the
patient; however, provider involvement significantly impacts demand. Since the patient is dependent on the
provider for expertise and medical opinion, there is a risk that demand will be increased. This is unique to the health
care industry since consumers are not typically as dependent on the supplier of a service in other industries when
making a purchase.
Another important driver of demand is the insurance company. Patients initiate the health care service but are not
responsible to pay the billand this has the potential to skew the demand curve. This is one of the ideas behind
and the effort to control the consumption of services by making the patient responsible
for a higher percentage of the overall bill. Finally, you will be offered an opportunity to think about the implications
of free medical care and how that may impact the demand for health care services.
Like the demand curve, the health care field presents unique and interesting challenges to the supply of health care.
You will be introduced to the concept of economic efficiency and the impact of inefficiencies on cost. The
production function will be further explored, which is the relationship between the output of a product or service
compared to the resources used to produce it (Feldstein, 2012). Competition, market structure, market
performance, and public policies as they relate to the supply of health care services will be discussed as well.
The evolution of health care insurance has impact aspects health care economics such as price competition, medical
loss ratios, and risk. As you prepare to complete the assessment consider the role that copays, coinsurance, and
deductibles play on the demand curve and reflect on your opinions related to the effectiveness of high-deductible
health plans in controlling the demand of health care services.
Reference
Feldstein, P. J. (2012). Health care economics (7th ed.). Clifton Park, NY: Delmar.
Demonstration of Proficiency
By successfully completing this assessment, you will demonstrate your proficiency in the course competencies
through the following assessment scoring guide criteria:
Competency 1: Analyze historical perspectives and current trends in the health care industry.
Explain current legislative trends that influence the supply and demand of health care.
Competency 2: Assess the United States health care system from an economic perspective.
Compare and contrast the demand of health care services with the demand of an automobile.
Compare and contrast the supply of health care services with the supply of an automobile.
Competency 3: Analyze the evolving economic reimbursement trends, methods, and technology.
Analyze reimbursement methods that influence the supply and demand of health care services.
Competency 5: Communicate in a manner that is scholarly, professional, and respectful of the diversity,
dignity, and integrity of others and is consistent with expectations for health care professionals.
Write following APA style for in-text citation, quotes, and references.
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5/6/2020 Assessment 2 Instructions: The Supply and Demand of Health …
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Write clearly and logically, with correct use of spelling, grammar, punctuation, and mechanics.
Context
The basic economic laws of supply and demand do not work the same way in the health care industry as they do in
other industries. A few of the contributing issues include: demand cannot be restricted to only those with an ability
to pay since health care is considered a (need versus demand), demand is increased due to a
third party (insurance or government) that pays for the service, and our supply is limited based on a highly skilled
human resource variable (physicians).
Instructions
In this assessment, you will consider these contributing issues and others that you identify in your research as they
relate to the free market. Compare and contrast the laws of supply and demand of the health care industry with that
of the automobile industry and explain how the economic structure of the health care industry is different from other
industries. Reviewing the may help to solidify your understanding of the economic concepts
and industries relevant to this assessment.
Health Care Supply and Demand | Transcript.
Supply, Demand, & Reimbursement | Transcript.
Also, make sure to consult the scoring guide to make sure you are meeting the communication criteria and
achieving at your desired rubric level.
1. Compare and contrast the demand of health care services with the demand of an automobile (Competency
2).
1. Identify the key contributing factors that determine demand of health care services.
2. Identify the key contributing factors that determine demand of an automobile.
3. Compare and contrast the similarities and differences of the demand curve of these two industries.
2. Compare and contrast the supply of health care services with the supply of an automobile (Competency 2).
1. Identify the key contributing factors that determine supply of health care services.
2. Identify the key contributing factors that determine supply of an automobile.
3. Compare and contrast the similarities and differences of the supply curve of these two industries.
3. Explain current legislative trends that influence the supply and demand of health care (Competency 1).
1. Explain how Medicare and Medicaid impact supply and demand of health care services.
2. Discuss the impact of the uninsured population on the supply and demand of health care services.
4. Analyze reimbursement methods that influence the supply and demand of health care services (Competency
3).
1. Identify the stakeholders who pay for health care services.
2. Analyze the impact of different reimbursement methodologies and payment models on the supply and
demand of health care services.
5. Write following APA style for in-text citation, quotes, and references (Competency 5).
1. Determine the proper application of APA formatting requirements and scholarly writing standards.
2. Assess the relevance and credibility of information sources.
5/6/2020 Assessment 2 Instructions: The Supply and Demand of Health …
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6. Write clearly and logically, with correct use of spelling, grammar, punctuation, and mechanics (Competency
5).
1. Apply the principles of effective composition.
2. Determine the proper application of the rules of grammar and mechanics.
Submission Requirements
Written Communication: Prepare an assessment free of errors that detract from the overall message, with
writing that is clear, precise, and scholarly. Concepts flow in a logical order.
References: Cite at least three references from peer-reviewed journals, in addition to your text.
Length: Submit 79 pages.
APA: Use correct APA style and formatting. You may wish to use or consult the following:
APA Style Paper Tutorial [DOCX].
APA Style Paper Template [DOCX].
APA Style and Format.
SCORING GUIDE
Use the scoring guide to understand how your assessment will be evaluated.
VIEW SCORING GUIDE
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