Describe the relationship between your health issue of interest and medical care

Part 1: Demand for Medical Care Discussion Board 1) Describe the relationship between your health issue of interest and medical care; how does medical care cause utility/happiness, in your case? Do we like consuming physician visits, rather than an apple? PG 126-127 2) How does the utility maximizing rule apply to your health issue of interest and the concept of allocation? How does this apply to plastic/bariatric surgery, exercise, or sugar intake/fast food? PG 127 3) Does medical care for your topic of interest act as a complement or a normal good, and why? Are there any substitutes for relevant medical care for your topic of interest? Is the relevant medical care for your topic of interest a normal or inferior good; how do you think income affects the elasticity of the relevant medical care good? PG 129 4) What did the RAND Health insurance study show regarding the relationship between health insurance and medical care? This is an important study to understand. LINK Part 2: Health insurance and Demand for Medical Care Simulation Consider yourself as a health administrator at Green Cross Green Shield Permanente Humana Goodpoint insurance company. Congratulations on your first job!. You are assigned to work on your topic of interest. 1) How would you explain how your employer sets premiums for your topic of interest, assuming beneficiaries/consumers have to pay a coinsurance? PG 131-132 2) How would you explain how your employer sets premiums for your topic of interest, assuming beneficiaries/consumers have to pay a copayments? PG 134 3) How would you explain how your employer sets premiums for your topic of interest, assuming beneficiaries/consumers have to pay a deductible, before insurance coverage begins? PG 134 4) Why is your employer so worried about moral hazard? What are some ways Green Cross Green Shield Permanente Humana Goodpoint insurance tries to mellow the effect of moral hazard? PG 135 Bonus points (3): What happens to medical claims regarding your disease of interest to Green Cross Green Shield Permanente Humana Goodpoint, if beneficiaries/consumers have two insurances? In other words, explain what happens to the consumption/demand for Medical Care, when a patient has 2 insurances. ** Link for RAND : http://www.rand.org/health/projects/hie.html http://www.rand.org/pubs/research_briefs/RB9174.html