In this assignment you apply economic principles and tools (cost, demand, and market demand curves) to the economic issue that you chose in the Week 2 activity. You are also asked to complete a brief description of health care financing payment models.
Consider the health care issue that you identified in the Week 2 activity and address each of the following in a 3–4 page Word document:
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- Explain how economic principles can be applied to this issue to effectively guide decision making.
- Demonstrate how supply and demand curves are used to accurately assess the issue.
- Analyze how the cost curve can be used to assess the issue. Provide an example.
- Compare capitation, fee for service, and pay for performance financing payment models to accurately reveal their similarities and differences.