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1. (TCO D) As a self-employed healthcare consultant, your company, Professional Dynamics, Inc., has been asked to discuss and analyze the concept of production for the board of directors at a newly formed wellness center (all of the members were on the board at a local hospital). Describe in your answer what you will say to the board to get them to appreciate how health as a goal will have a different production model.
1) Production function using healthcare as the model and health as the end state.
2) In what ways does the health market differ from a perfectly competitive market?
3) If the healthcare market is not perfectly competitive, why should policy makers pay attention to market forces? (Points : 40)
2. (TCO D) Identify the three primary methods of funding (direct pay and reimbursement) healthcare in the United States. Describe (in detail) the projected impact a government-operated and -funded insurance option would have on the identified methods of payment. Discuss the likely impact (defend your views) this change will have on the existing payment methods. Include the following: the impact this change will have on the