Description
Supply and demand represents a fundamental principle of economics, yet it is considered to be
more complicated in the application to healthcare goods and services and the healthcare
industry. Discuss the following issues related to supply and demand in the economics of
healthcare:
What factors are influencing the demand for goods and services in healthcare today?
What factors are influencing the supply of goods and services in healthcare today?
How do advances in medical technology impact healthcare economics and decisions made by healthcare organizations to offer new services and healthcare insurers to pay for them? Provide one example.
How has the Affordable Care Act impacted the balance of supply and demand for healthcare
services?
Your response should include at least one example of a factor influencing supply and one-factor
influencing demand. You should cite at least one scholarly reference published within the last five years, and use APA citation formatting.
Sample Solution
