Business Proposal Paper. Introducing Health Insurance in Health Care Industry 8 pages

May 28th, 2015
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Identify market structure Identify elasticity of the product Include rationale for the following questions: How will pricing relate to elasticity of your product? How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue? Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry? How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?

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Introducing Health Insurance in Health Care IndustryStudent NameInstructor NameCourse IDUSA health care system is extensively dependent on private health insurance that is the big coverage for many USA citizens. Introducing Health insurance will help the Health care system up to great extent. Center of disease control has investigated that 58 % USA citizens are covered under private health insurance. There are two primary public health insurance programs known as Medicare (Federal public insurance programs offered for seniors) and insurance program for disabled or Medicaid individuals. These programs are handled at state level and received funds from federal Government. These programs are for low income families and their children. Health promoting companies are originated to help the people to get necessary medical services which are worried about the complex structure of healthcare system. In the early 20th century hospitals and medical expenditure policies were originated. These hospitals first introduce prepaid medical services and hence originated blue cross organizations. Patient Protection and Affordable Care Act is introduced and signed by the president obama in 2010 to make the healthcare system better and to allow medical insurance for every USA citizen. This act also necessitates every citizen to pay tax at time (Obama Care Facts, 2014). Before the introduction of healthcare insurance, people were derived to pay their medical expenses on their

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