Question

In: Nursing

1. The public interest theory and the special interest theory of government intervention have their similarities...

1. The public interest theory and the special interest theory of government intervention have their similarities and differences. Compare and contrast these two theories and provide a recent example of each. ( Explain in details and add references to support)

2. How are Medicaid and Medicare similar? How are they different? ( Explain in details and add references to support)

3. Increased demand for health care services leads to an increasing need for health care organizations to be cost-efficient. What are the factors that impact an organization's financial viability? ( Explain in details and add references to support)

4. Discuss how the individual demand for health care differs from the aggregate demand for health care. Provide at least one example. ( Explain in details and add references to support)

Expert Solution

1) Public interest theory

-Promotion of the general interests of society as a whole

-Restoration efficiency & promote equity

•Allocation of resources: produce where marginal social benefit (MSB) = marginal social cost (MSC)

•Encourage competition, Provide consumer information, Reduce harmful externalities, Redistribute income in society

-Enhanced efficiency and equity through laws and regulations

Special interest group theory:

-Amounts and types of legislation determined by the forces of supply and demand

•Suppliers of legislation: vote-maximizing politicians

•Buyers of legislation: wealth-maximizing special interest groups

-Overall fiscal package / political exchanges

•Beneficiaries: special interest groups

•Costs fall disproportionately on the general public

-Associated inefficiencies

2) Medicare is a federal program that provides health coverage if you are 65 and older or have a severe disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income.

3) The major contributing factors that affect an organisation's financial viability are :-

Hospital cost increases.

Provider prices.

Medical technology.

Waste.

Unhealthy lifestyles.

Aging population.

Taxes.

4) Individual demand for healthcare refers to the demand for healthcare service by an individual (or a household). Individual demand comes from the interaction of an individual's desires with the quantities of healthcare and services that he or she is able to afford.

Aggregate demand for healthcare :

The total demand for a country's healthcare and services at a given price level in a given time period.

Nightingale answered 1 year ago

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