Random Text Book and Related Question- Health Economics & Policy
What goods found in a super market do you believe are inelastic? Where they are usually located? What goods are more elastic? Where are these goods generally located?
We talked about the "flat of the curve" in health care spending as related to the Law of Diminishing Marginal Returns. Why do some argue that the US is on the flat of the curve in the case of US healthcare spending?
Where have you personally observed or experienced the Law of Diminishing Marginal Returns happening? This does not have to be health care related.
We learned about healthcare related to income elasticity of demand. If a wealthy person chooses to spend a large amount of money to increase the probability of surviving an ordinarily fatal disease, should the rest of society object? Explain
course work not essay
Henderson, James W., Health Economics & Policy. 6th ed. South-Western. 2015.
ISBN-10: 1-285-75849-8 ISBN-13: 978-1-285-75849-7.
We talked about the "flat of the curve" in health care spending as related to the Law of Diminishing Marginal Returns. Why do some argue that the US is on the flat of the curve in the case of US healthcare spending? The flat of the curve in healthcare shows that there is high margin resource use for small marginal gains in the health outcomes and even outcomes remaining unchanged. A larger share of US health care expenditure is for the “flat of the curve” treatments, when compared to other industrialized countries. These countries spend less than the US and have similar better health outcomes and at times outcomes. ...
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