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Hi,
This is a final exam for Health care finance and economic class. All instructions in the attached file. The book is:
- Robert H. Lee. Economics for Healthcare Managers. 3rd ed.
I have access to an ebook on Vitalsource,
Thank you.
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Explanation & Answer
Attached.
Running head: HEALTH CARE FINANCE AND ECONOMICS
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1
Running head: HEALTH CARE FINANCE AND ECONOMICS
Question 1
Health care costs a lot due to the increase of the insurance covers for the family
members’ .All the family members are insured and it is a compulsory. This increases the
expenditure of an individual since he has to insure all the family members. There has been an
increase in outpatient treatment. Patients have been seeking serious attention by the doctors at
their homes. The patients have to pay for the visit of the doctor. The doctor comes with
medicines which the patients have to pay. This increases the medical costs for a patient. There is
also an increase of prices for pharmaceutical drugs. The drugs which are sold at chemists are of
high price. The sellers aim at making profits exaggerating the prices. The manufacturers also sell
the drugs at a high price making it even more expensive to the patients.
Lack of transparency also increases healthcare costs. Those who operate at high levels in
public health sector sell government funded drugs to the private companies or private health
sectors. This has led to increase of prices of medicines in healthcare cen...