Apply the economic concept to the current issue of rising health care spending and trade-offsEvaluate the unique characteristics in health care that complicate this analysis.This report should be at least four double-spaced pages, include a reference page, and cover page. In writing, your report you should rely largely on reference material in the course readings and summary slides in Week 1. Please be sure to properly cite all material used.
Be sure to include your name and section headers corresponding to the parts of the report above.
Attached is the material for reference if needed:
There are two textbooks for this course:
1)The first text for this course is written by Mayer, “Everything Economics”.
Access the text via the following link (copy link and paste in your browser)
http://ezproxy.umuc.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=418083&site=eds-live&scope=site&profile=edsebook
The second textbook is: Economic Theory Through Application
And can be found at:
https://saylordotorg.github.io/text_economics-theory-through-applications/
This week Read: 1) Mayer Chapter 1: What is Economics?2) Mayer Chapter 13: Keeping Score: The Gross Domestic Product
3) Economic Theory Through Applications Chapter 1: What is Economics? (p. 6-18)
https://saylordotorg.github.io/text_economics-theory-through-applications/
4) Economic Theory Through Applications Chapter 2: Microeconomics in Action (p. 19-32)
5) National Health Expenditures 2016 HIghlights
https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/downloads/highlights.pdf
6) What Do We Spend on Healthcare: National Health Accounts Forecast:
See Forecast Summary link and Tables 1, 2, and 3 in detailed data files:
https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsProjected.html
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