By Day 4
Post a comprehensive response to the following:
Using examples from your Learning Resources and personal or professional experience, explain how health care is a market. In your answer, please be sure to address the following:
- Discuss aspects of the health care marketplace in terms of the specific provisions that define a market.
- How do the principles of managed care influence the business of health care?
- Highlight how health care is different from the typical business market with a more tangible product (like applesauce)?
- How do recent (within the last 18 months) supply and demand shifters (political, economic, social factors, etc.), exert influence on the supply or demand of health care goods or services?