tailieunhanh - Lecture Economics (18th edition): Chapter 21 - McConnell, Brue, Flynn's
Chapter 21 - Health care. After reading this chapter, you should be able to: Convey important facts about rising health care costs in the United States, relate the economic implications of rising health care costs, discuss the problem of limited access to health care for those without insurance, list the demand and supply factors explaining rising health care costs, summarize the goals of the Patient Protection and Affordable Care Act and the major changes that it institutes. | Health Care Chapter 21 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Objectives Rising health care costs Economic implications Problem of limited access to health care for the uninsured The market for health care Potential reforms of the . health care system Recent legislation 21- Health Care Facts 16% of GDP in 2006, up from in 1960 10% of . employment Overall prices higher each of last 4 years Spending to grow per year next 10 years 45 million uninsured 21- Health Care Expenditures 2006 Data Health Care Expenditures Sources of Funds Nursing Homes Prescription Drugs Program Administration Doctors Dental, Vision, Misc. Hospitals 8% 10% 7% 21% 23% 31% Medicaid Medicare Military, Other Public Insurance Other Private Expenditures Copayments, Deductibles, Etc. Private Health Insurance 34% 15% 12% 13% 7% 19% 21- Health Care Spending Percentage of GDP, Selected Nations, 2005 United States Switzerland France Germany Canada Australia Italy United Kingdom Japan Mexico 0 5 10 15 Source: Organization for Economic Cooperation and Development 21- Economic Implications of Rising Costs Reduced access to care Labor market effects Slower wage growth Part-time and temporary workers Outsourcing and offshoring Personal bankruptcies Impact on government budgets 21- Other Issues Are we healthier? Yes Too much spending? Maybe Limited access The uninsured 21- Why the Rapid Rise in Costs? Peculiarities of the health care market Ethical and equity considerations Asymmetric information Positive externalities Third-party payments: insurance 21- Increasing Demand Rising income Role of elasticity Aging population Unhealthy lifestyle Role of doctors Supplier induced demand Defensive medicine Medical ethics 21- Role of Health Insurance The moral hazard problem Less prevention Overconsumption Government tax subsidy 21- Q P Q P 0 0 Why the Rapid Rise in Costs? D S Qa Pa Without Health . | Health Care Chapter 21 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Objectives Rising health care costs Economic implications Problem of limited access to health care for the uninsured The market for health care Potential reforms of the . health care system Recent legislation 21- Health Care Facts 16% of GDP in 2006, up from in 1960 10% of . employment Overall prices higher each of last 4 years Spending to grow per year next 10 years 45 million uninsured 21- Health Care Expenditures 2006 Data Health Care Expenditures Sources of Funds Nursing Homes Prescription Drugs Program Administration Doctors Dental, Vision, Misc. Hospitals 8% 10% 7% 21% 23% 31% Medicaid Medicare Military, Other Public Insurance Other Private Expenditures Copayments, Deductibles, Etc. Private Health Insurance 34% 15% 12% 13% 7% 19% 21- Health Care Spending Percentage of GDP, Selected Nations, 2005 United States Switzerland .
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