An example of an oligopoly in health care is: a. There are only 3 hospitals in...

An example of an oligopoly in health care is:

a. There are only 3 hospitals in a city for patient to go to.

b. There are only 3 insurance companies in a state for insurance coverage.

c. All urgent care centers in a city are owned by only two different companies.

d. All of the above

e. A & B only.

Solutions

Expert Solution

"D"

Oligopoly is a market situation where there are few large suppliers catering to the whole market. Having just 3 insurance companies, 3 hospitals and two emergency care owners will qualify for that.

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

The latest trend in health care is the merging of hospitals to improve efficiency and quality...

The latest trend in health care is the merging of hospitals to improve efficiency and quality of care for the patient. When institutions merge so do departments to eliminate redundant services. As the manger of the lab, design an efficient laboratory operation to provide services at both institutions.

Health Econ Question: How do hospitals and physicians contribute to the rising costs of health care?

Why are there only a small number of businesses in the oligopoly industry, such as 2-3...

Why are there only a small number of businesses in the oligopoly industry, such as 2-3 car makers in the U.S. or three large cereal makers that control 80-90% of the market share?

Describe the division of labor in contemporary health care. This may include hospitals and other parts...

Describe the division of labor in contemporary health care. This may include hospitals and other parts of the institution. What problems may arise when task divisions and lines of authority are unclear? Why is this lack of clarity often necessary? Remember that there is specific terminology to use in discussing these issues, particularly in the hospital setting.

The Affordable Care Act includes an IRS requirement that requires hospitals to conduct a Community Health...

The Affordable Care Act includes an IRS requirement that requires hospitals to conduct a Community Health Needs Assessment (CHNA) once every three years. These reports must describe the community served, identify existing health care resources, and prioritize community health needs. Hospitals must also develop an implementation strategy to meet the needs identified through the CHNA. What are the economic implications of this particular population health provision to hospitals?

Hospitals and other health care institutions, whether voluntary or for-profit, need to be financially solvent to...

Hospitals and other health care institutions, whether voluntary or for-profit, need to be financially solvent to survive growing market pressures. Describe how this "bottom line" focus has changed the nature of the US health care system.

discuss the relative changes in the health care prices for hospitals, drs dentists and prescription drugs

1. Hospitals and other health care institutions, whether voluntary or for-profit, need to be financially solvent...

1. Hospitals and other health care institutions, whether voluntary or for-profit, need to be financially solvent to survive growing market pressures. In what ways is this “bottom line” focus changing the nature of the U.S. health care system? 2. The typical relationship of patient to physician used to be one of deference to a more knowledgeable authority. Why is it now critically important for patients take a more proactive role in their medical care? 3. Health care planners could be...

An outcome of concern to both hospitals and home health care agencies are: 1.Observation status percentages...

An outcome of concern to both hospitals and home health care agencies are: 1.Observation status percentages 2.DRG ratios 3.Readmission rates 4.Costs of care to insurance companies

You are a health care consultant with a thriving practice working with Boston-area hospitals. Your expertise...

You are a health care consultant with a thriving practice working with Boston-area hospitals. Your expertise is in organizational design and organizational behavior. One of your clients, Gary Gottlieb, of Brigham and Women’s Hospital, has accepted your proposal to work with his organization on the opening of the Shapiro Cardiovascular Center. In your consulting experience, you have found that reviewing the history of organizational theory helps management teams creatively approach the challenges they face. In addition, it is important to...

Subjects