Question

Please compelete long detailed answer and be specific please draw graphs with your answers of available, but they are not required. If you use graph, you can also explain what information you want me to get from the graph. Please Limit all answers upto words of 300.

1. Suppose the American Medical Association (AMA) wants to improve the quality of physicians. Give TWO examples of how they could change their licensing policies to accomplish this.
2. Using moral hazard as the main basis of your reasoning, explain why having health insurance leads to more use of health care goods and services than is economically desirable.
3. Between 2008 and 2010, TOTAL EMPLOYMENT in the United States declined by approximately 5.1 percent. During this same time, jobs in the Health Care industry increased by 6.4 percent. Using theory discussed in this course, explain WHY the health care industry did not decline with the rest of U.S. employment.
4. Explain why a majority of individuals in nursing homes are women and/or poor.
5. The total volume of prescription and non-prescription pharmaceuticals is about a 50/50 split. The total revenue, however, is far from that with more than 6 times the amount of revenue going towards prescription. Explain why this is.
6. Define revenue risk and explain why this risk is so low in the medical field.
7. Explain the positive externalities of a flu shot. Be specific of who receives these externalities. Your answer should include an explanation of what externalities are.

Answer 1