Question

In: Economics

Explain the basic tradeoff a state makes when it tightens regulations on licenses for physicians, pharmacists,...

  1. Explain the basic tradeoff a state makes when it tightens regulations on licenses for physicians, pharmacists, or any other professionals. What are the costs and benefits?

Solutions

Expert Solution

The main trade off is that it would be more quality physicians and pharmacists or even other professionals that would be in the market and this can increase the quality of Health Care delivery overall but the cost is that many people would be unemployed and apart from that the supply of healthcare will be reduced so that people might not get adequate Health Care delivery on time possible with limited access due to the tightening of the licences on the whole. Therefore one must think of an optimal level where the quality is good for health care as well as the delivery is on time

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Explain the basic tradeoff a state makes when it tightens regulations on licenses for physicians, pharmacists,...
Explain the basic tradeoff a state makes when it tightens regulations on licenses for physicians, pharmacists, or any other professionals. What are the costs and benefits?
Regulations in Long-Term Care There are many federal and state regulations when it comes to long-term...
Regulations in Long-Term Care There are many federal and state regulations when it comes to long-term care.Using the South University Online Library and the Internet, research any four specific regulations related to long-term care and summarize them. Based on the regulations you identified, respond to the following questions: What are the benefits and shortcomings of your identified regulations? Which of these shortcomings have an effect on the quality and the cost of health care services? How? Do you believe there...
summarize the importance of understanding and adhering to the regulations of each state when forming a...
summarize the importance of understanding and adhering to the regulations of each state when forming a corporation. Discuss some consequences if an organization does not properly follow the regulations.
Explain the impact of failure to comply with state and federal laws, regulations, and statutes in...
Explain the impact of failure to comply with state and federal laws, regulations, and statutes in health care. Be sure to include the doctrine of corporate negligence in your answer. Also, discuss the steps that are employed for ethical decision making in health care, including the four key ethical principles. Your response must be at least 500 words in length
What makes the state of being and the state of existing identical? Explain!
What makes the state of being and the state of existing identical? Explain!
300 words minimum with reference please Forum Description Briefly explain how state and federal regulations affect...
300 words minimum with reference please Forum Description Briefly explain how state and federal regulations affect MCOs. What is the role of the court when there is conflict between state and federal requirements for MCOs?
State the basic purpose of financial Reporting standards and explain the fundamental concepts of accounting recognized...
State the basic purpose of financial Reporting standards and explain the fundamental concepts of accounting recognized by SSAP 2.
PLEASE EXPLAIN THE STEPS TAKEN - THANK YOU Bain Corporation makes and sells state-of-the art electronics...
PLEASE EXPLAIN THE STEPS TAKEN - THANK YOU Bain Corporation makes and sells state-of-the art electronics products. One of its segments produces The Math Machine, an inexpensive calculator. The company’s chief accountant recently prepared the following income statement showing annual revenues and expenses associated with the segment’s operating activities. The relevant range for the production and sale of the calculators is between 30,000 and 60,000 units per year. Revenue (40,000 units x $10.80) $432,000 Unit-level variable costs: Materials cost (40,000...
Explain both, "War is the health of the State." and "When goods don't cross borders, soldiers...
Explain both, "War is the health of the State." and "When goods don't cross borders, soldiers will."
Briefly identify the basic motives economic theorists conventionally assume when attempting to explain human behavior. (I.e.,...
Briefly identify the basic motives economic theorists conventionally assume when attempting to explain human behavior. (I.e., describe homo economicus.)
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT