Hrm 531 Week 3 Case Analysis

The two economic assumptions are (1) there will be fewer insured citizens and (2) the cost of insurance premiums will increase. In a market where there are countless uninsured individuals, they tend to seek medical care less due to the affordability. The short-term impact on the market will cause health care organization will have fewer people to compete for their business; therefore, they will have to increase their marketing technique to gain an advantage on the competition, or there will be a decline in business. In regards to long-term impact, organizations will have to find new methods to be able to service the uninsured population by making health care affordable while still earning a profit. As for premium increase, this too will affect