Economic Principles Within the Health Care Industry
Apply economic principles within the health care industry.
Reflection
The decade since the Patient Protection and Affordable Care Act went into effect in 2010 has seen fundamental shifts in the cost and practices in health care and insurance. Studying the data from this period of transformation in the United States can help us to understand the movement of health care costs in the years to come.
Review the Dartmouth Atlas of Health Care 2018 Data Update.
Reflect on the following in a minimum of 500 words:
Identify the results for your area of the United States (state or region).
Analyze the results for your area and create a summary of why you think the trends in utilization and cost are either positive or negative.
Examine and explain whether you think the utilization and costs information for your organization or geography can be used to build a stronger brand for health care.
Apply Economic Principles Within the Health Care Industry
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Apply Economic Principles Within The Health Care Industry
The Dartmouth Atlas of Health Care 2018 Data Update sheds light on how health care has changed after ACA was enacted in 2010. Midwest has 12 states, and interestingly, it is the only region that is not boarded by a major water body. One of the significant economic activities practiced in this region is farming. It is important to note that most financial institutions are found in Chicago since the city has five primary stock exchange markets. They include the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). The main objective of this paper is to analyze some positive and negative trends relating to utilization and cost in the Midwest region. The information from regional data shows a significant decrease in avoidable in-hospital admissions
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