Medical Billing and Coding:  

Respond to the discussion question with a substantive post.

Cost of Health Care in the US In the news, there has been discussion regarding the cost of health care in the United States. Conduct research on this topic and provide the reasons and rationale for what drives health care costs in the United States. What can be done to control the cost of healthcare? What can health care facilities do to manage the cost of health care? Do you think that the government can legislate cost control measures that will be effective, why or why not? What role does a coder play in the management of the costs associated with delivering health care? Provide supporting documentation for your opinions.

Suppose that in the United States 4 worker-hours are required to produce each unit of clothing and each unit of food. In Canada, 1 worker-hour is required for each unit of clothing and 2 worker hours are required for a unit of food. Show your work.

A. Which country has an absolute advantage in each good?

B. Which country has a comparative advantage in each good?

C. If the labor force of the United states increases by a factor of 20, will anything happen to the pattern of trade? You do not need to provide numerical details. Will the gains of trade for the U.S. be higher or lower than when the two countries have the same labor force?

1. Please examine the following information for New Zealand, the United States, and The USD/NZD exchange rates:

New Zealand United States 3-month Eurodollar deposit rates 2.33% 2.7375%

Expected Inflation rates (annual) 1.90% 1.95%

USD/NZD spot rate .6907

USD/NZD 3-month forward rate .6917

a. According to Interest rate parity are the spot and forward rates in alignment? If not, use covered interest rate arbitrage to show a profitable trade

b. One year from now, according Relative Purchasing Power Parity (PPP), what is your expected USD/NZD spot rate?

Did economic, political and social developments in the Gilded Age make people living in the United States more or less free? In answering this question, you need to explain what economic, political and social developments occurred in this era; you need to consider how these developments altered life, for better or worse, for various populations in the United States (think here, for example, about nonwhite populations, ethnic Mexicans, southern and eastern European immigrants, women across racial and class lines, the working class broadly, business leaders, urban and rural populations). The best possible answer will consider the era prior to the Gilded Age, and the lingering effects of Gilded Age transformations.

DISCUSSION WEEK 3

Please write a paragraph for each question (total 3 paragraphs)

• Answer ALL PARTS of each question to earn a full points.
• Support your response with the appropriate citation from your textbook.

Discussion Topic:

1. How does the ANA’s Code of Ethics address a nurse’s responsibility to health care quality?
2. Describe why the nursing shortage is a major national issue in the United States. How could a nursing shortage in other countries around the world affect the nursing shortage in the United States?
3. Did California take the right approach in passing the law that mandated minimum nurse staffing ratios? Explain your answer.

Please write 1 paragraph for each question (total 3 paragraphs) and each paragraph shall be no less than 4 sentences and no more than 10 sentences. Answer ALL PARTS of each question to earn full point.

1 How does the ANA’s Code of Ethics address a nurse’s responsibility to health care quality?

a. Describe why the nursing shortage is a major national issue in the United States. How could a nursing shortage in other countries around the world affect the nursing shortage in the United States?

b. Did California take the right approach in passing the law that mandated minimum nurse staffing ratios? Explain your answer.

Today, most Japanese automobile companies have manufacturing plants in the United States. Honda, for example, exports from Japan only 21 percent of the cars it sells in the United States. Fuji Heavy Industries whose main car brand is Suburu, is an exception in still producing most of its cars in Japan. An article in the Wall Street Journal observed that for Fuji Heavy Industries, “the plunging ye has turned a problem – a shortage of production in the US – into an unexpected boon.”

1. What does the article mean by a “plunging yen”?

2. Why would a plunging yen be a boon for Fuji Heavy Industries?

3. Briefly explain whether a plunging yen would help or hurt Honda.

① Would our goal of maximizing the value of the stock be different if we were thinking about financial management in a foreign country?

　　Why or why not?

② Suppose you own stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and pay $35 per share to acquire all the outstanding stock. Your company’s management immediately begins fighting off this hostile bid.

　　Is management acting in the shareholders’ best interests? Why or why not?

③ Corporate ownership varies around the world. Historically individuals have owned the majority of shares in public corporations in the United States. In Germany and Japan, however, banks, other large financial institutions, and other companies own most of the stock in public corporations.

　　　Do you think agency problems are likely to be more or less severe in Germany and Japan than in the United States? Why?

　Over the last few decades, large financial institutions such as mutual funds and pension funds have been becoming the dominant owners of stock in the United States, and these institutions are becoming more active in corporate affairs.

　What are the implications of this trend for agency problems and corporate control?

④ Critics have changed that compensation to top managers in the United States is simply too high and should be cut back. For example, focusing on large corporations, Robert Kotick, CEO of Activision Blizzard, earned about $64.9 million in 2013.

　Are such amounts excessive?

In answering, it might be helpful to recognize that superstar athletes such as LeBron James, top entertainers such as Tom Hanks and Oprah Winfrey, and many others at the top of their respective fields earn at least as much, if not a great deal more.

Suppose that the demand function is D(p) = 600 - 3p and the supply function is S(p) = 300 + 3p.

1. Derive the equilibrium price and quantity.

2. What is the change in consumer's surplus after an increase in the price of 50 dollars?

3. Now suppose South Korea is exporting phone to United States and the demand function for Korean phones in the United States is the same as above (in thousands of phones), where p is the price of Korean phones in hundreds of dollars. If the supply curve is horizontally fixed at 60 dollars, find the equilibrium number of Korean phones sold in the United States and what is the price of Korean phones in total?

4. Now, suppose that the United States imposes an import tax on Korean phones which is 20 dollars for every Korean phone, due to huge pressure from American phone manufacturers. Find the amount of Phones will be sold in the US now. At what price they will be sold? Draw supply and demand curves for both before and after tax scenarios

5. How much revenue will the U.S government collect by this tariff?

6. Suppose that instead of US tax on the Korean phones, the Korean government decides to impose an export restriction on their phone exports. They agree to sell only 360 Korean phones in US. If the Koreans know the American demand curve, they will sell their phones at what price in US?

7. If the Korean government is selling export licenses for each Korean phone to each Korean manufacturer and there are 360 export licenses, how much will a Korean firm be willing to pay the Korean government for an export license?

8. Why might the Korean government choose the choice in part “7” to the US taxation scenario?