- Contrary to conventional economics, physicians (the suppliers) typically decide the quantity and
type of health care services their patients (the demanders) will purchase. What is it about medical
services that usually allow the supplier to determine the demand?
- Suppose a person who knows nothing about auto maintenance takes a car in for its 30,000- mile
checkup. The service manager reads off a list of repairs that need to be done. In your opinion, will
this person act like John did on learning the doctor’s diagnosis? Does the market for auto repairs
behave like the market for medical care? Should it?
- Most people have a large part of their health care expenses paid by an insurance provider. Explain
how this might lead patients to pay little attention to the price of their treatment. Other than
insurance coverage, what other factors would cause a patient to pay little attention to the price of a
- Conventional economics suggests that a business with unsold, or surplus, merchandise will lower its
price to attract buyers. Do you think that a physician would lower the price of a procedure or a
hospital would lower its daily bed rate to attract patients?
elen Sabell (2017) stated that there are six concerns adult learners face when returning to study. Each are separated by a title name: Employment, Affordability, Age, Learning Advances, Employer Perceptions and Burning Out. Underneath said concerns, descriptions are stated involving information that may not be known by future learners. However, in addition, Sabell also notes information that gives awareness of how to address and overcome said concerns. ‘I’m too old to study’ shows ones age as a negative barrier. Whereas, ‘age is their greatest advantage,’ attains a positive quality and illustrates their experiences of the world and their knowledge gained from the importance of learning. This piece of research is dated from 2017 and is considered relevant and fairly up to date. Also, the source reference of this article is from The College for Adult Learning, reassuringly confidence is given in that the knowledge and information published is creditable, as it’s from an educational setting. According to Caschera (2013), the three biggest challenges facing adult learners are balancing school and life, accessibility and costs. The realisation of how time management is essential when deciding to enter or re-enter education is evident in all aspects of living. ‘The Balancing Act’ is detrimental to the success of progression, but many adult learners have family and work obligations. Furthermore, these ‘additional responsibilities can lead to stress and frustration for adult learners.’ It is then considered that accessibility is linked to time commitments and therefore attendance to classes may become more difficult during the regular course timetable, as employment and childcare may cause conflict. In turn, reluctance in the pursuit of higher education may occur. The long-term cost of higher education can also have a major impact on adult learners living situations. However, knowledge of these concerns is being addressed by many educational institutes, resulting in more flexible options being made.>GET ANSWER