UMUC HMGT435 2021 October Week 1 Discussion Latest

HMGT435 Healthcare Economics

Week 1 Discussion

Respond to one question by this Saturday midnight and then respond to TWO of your classmates' responses (in an area different than your initial response) by Tuesday midnight.  Please try not to replicate other's responses and include the topic you are responding to at the beginning of your post.

1) Why is the demand for healthcare different than other economic goods?

2) Why is the supply of healthcare different than other economic goods?

3) Find a news story about microeconomics?   How do you know that it is about microeconomics?  Can you identify a microeconomic healthcare issue?

4) What is the marginal principal? Provide an example in healthcare.

5) What is the opportunity cost? Why is it important to health care economics?

6) Given the article and data tables on National Health care spending and forecast in this week's reading, which components of health care do we spend the most dollars? And which area is the fastest growing segment?

7) Given the article and data tables on National Health care spending and forecast in this week's reading, What is the major driver of health care spending by 2025?