Business Finance
ECON 170 Why Is the Supply of Physicians a Major Cause of Concern Problem Set 2

ECON 170

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ECON

Question Description

Problem Set 2-Health Economics: ECON 170Due: May 19, 2020

1. Why is the supply of physicians a major cause of concern? How would you expect the supply of physicians to affect physicians’ incomes and the price and quantity of medical services provided? What is the actual evidence?

2. If surgeons really have the ability to increase the demand for surgeries, which kinds of surgeries will be most affected? Can you think of a way to determine which surgeries are unnecessary? Provide examples from your readings and experience.

3. A recent study found that people who identify obese people as friends are more likely to be obese. Do you agree that there is a causal relationship between a person’s obesity and his/her friend’s obesity? Explain. Do you think there is any externality effect of obesity? Explain.

4. Are thereany barriers in the market for physicians? Discuss the barriers in the market for physicians. What type of market is this? What is physician-induced demand?Explain.

5. Explain why health care costs are too high and increasing at an increasing rate in the U.S.?

6. Compare and contrast different types of health care models that we have discussed in the class.

7. In what sense do Americans have a right to medical care? In what sense is access to medical care not a right? How have the reforms at the state level helped define the nature of the right to medical care in this country?

8. Adrenoleukodystrophy, or ALD, is a deadly geneticdiseasethat affects 1 in 18 000 people. It most severely affects boys and men.The only effectivetreatmentoption for ALD is a stem cell transplant, a procedure in which the patient receives blood stem cells from a genetically matched donor. Explain why there are so many more drugs available to treat acne than the ALD disease, and discuss any government efforts that benefit people afflicted by this rare disease.

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Outline of the Paper
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Running head: PROBLEM SET 2

1

Problem Set 2
Name
Institution

PROBLEM SET 2

2
PROBLEM SET 2

Question 1
The shortage of physicians is a concern because of the demand for physicians outmatch their
supply. Across the globe, the number of patients in need of medical attention by a doctor is
considered significant and continues to grow. World Health Organization estimates the shortage
of 4.5 million health practitioners. The situation is complicated in developing countries due to the
incapacity of the education systems to train more physicians. The deficiency results in high-income
physicians because they handle many patients; however, the work can be strenuous. The quality
of healthcare will be low and expensive. A good example is the healthcare system of the United
States of America.
Question 2
If the demand for surgeries increases, mandatory surgeries will be the most affected. They are the
'must-do' surgeries on a patient or else the patient dies. Surgeries like thoracic, neurosurgery, head
and neck surgery, and like will be most affected. Unnecessary surgeries are those that have
alter...

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