Labor Relations Chapter 7 Notes Pg 293 Industrial Wage Differentials Industrial wage differentials may be explained in terms of three interrelated factors: (1) the degree of completion or monopoly in the product market (2) the value added by workers in a particular industry (3) the percentage of total costs that labor costs represent - Competition in the product market - Value added by employees - Labor costs as a percentage of total costs. A firm’s degree of labor intensiveness a measure
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there is particularly intense pressure to provide more cost-effective delivery systems in the US‚ as it attempts to expand health insurance coverage and address serious cost and quality issues (Shortell‚ Gillies‚ & Wu‚ 2010). The implementation of HMOs and PPOs have failed to decrease costs as desired‚ so further reform is required. According to Shortell‚ Gillies‚ & Wu (2010)‚ the main issues prompting a need for healthcare delivery reform are population aging‚ rapidly increasing costs of healthcare
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True/False: 1/2 point each = 25 Total Points Which Statements Are True? 1. A chronic condition is relatively severe‚ episodic‚ and often treatable. 2. According to polls‚ most Americans are satisfied with the quality of health care. 3. American beliefs and values favor the development and use of new medical technology despite its cost. 4. Among both the insured and the uninsured‚ only a relatively small proportion of American adults believe that the government would be the best source for
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and how far healthcare can go. Health Care Introduction The history of health care is short but it provides a small view of how the United States made a simple choice of demand and supply through fee-for-service to managed care‚ PPOs‚ and other insurers of health care including the federal government. Fee-for-service in the early 1900s was the norm for the American public. Insurance companies did not provide health care‚ and if they provided the service it was only available to
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case study‚ they offer the complete range of dental care from simple teeth cleaning to complicated dental surgery and implants. 1.1.2 Price The practice is no member of one of the HMOs‚ because Dr. Beckett was not of the opinion that she could provide the level of service she wanted‚ at the reimbursements given by the HMO. Therefore she offers now her dental services at a higher price‚ but therefore also at a higher quality. 1.1.3 Promotion The practice does with 2000 “active” patients very well‚
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($75‚000) needed as a down payment to put his son on the donor list. John went to work to find out that his health insurance got changed because he was working part time. There was no veracity involved from the employer. The employer change his PPO to a HMO health insurance coverage without his knowledge and that did not covered the entire hospital bills or the heart transplant. John went to the welfare office to get help but he did not get any because he was working and making $18‚900 per year. Here
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f. Social Security Reform xii. SS Crisis xiii. Privitization g. Medicare xiv. Definition xv. History/Origin xvi. Part A. xvii. Part B. xviii. Pact C 8. HMO 9. PMO xix. Part D h. Medicaid xx. Definition xxi. History/Origin xxii. Eligibility xxiii. Coverage for the disabled xxiv. Coverage for pregnant women. i. Controversy
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Risk Pooling in Health Care Finance Kiran Charania April 26‚ 2012 Risk pooling is a mechanism where revenue and contributions are pooled so that the risk of having to pay for health care is not borne by each contributor individually. Risk pooling is a form of risk management practiced by the health industry especially insurance companies. While risk pooling is necessary for insurance to work‚ not all risks can be effectively pooled. Pooling risks together allows the costs of those higher risks
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Total Compensation Methods With a steady increase in unemployment‚ outsourcing‚ and globalization‚ salary and benefit packages are undergoing constant change. Compensation has and always will be a key element of choice in today’s job market for candidates seeking employment. Due to a declining economy‚ employers have been forced to become more creative in their benefit and compensation packages offered to employees. Strategic planning has become the key element in a successful human resource
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BRIEFING NOTE FOR THE INTERNAL HEALTHCARE FOCUS GROUP: WHAT IS MEDICARE? To: Healthcare Focus Group From: Taylor C. Gould Subject: What is Medicare? Date: September 13‚ 2015 CC: Professor Forney Fleming SUMMARY: • 1ST POINT • 2ND POINT • 3RD POINT ISSUE Healthcare around the world varies from nation to nation‚ and is one of the most important considerations throughout life as generations become older and become more dependent on their country’s healthcare system. One of the most significant differences
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