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7 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)
Economies of Scale
Share equipment, staff, etc.
Group practice
Multi-specialty or same-specialty groups
New profession - running these organization
Health Care Economics Midterm
Welfare Loss
What we lose as a society for paying more and getting less.
Health Care Economics Midterm
Marginal Efficiency of Investment
As we age, health declines and investment increases.
As wages increas, MEI increase.
As education increases, MEI increases.
Health Care Economics Midterm
Dead Weight Loss
MB - MC
misallocation of resources b/c of isurance.
Health Care Economics Midterm
Diminishing Marginal Utility
Satisfaction goes down the more you have.
Allong with risk aversion - ample reason to by insurance
Health Care Economics Midterm
Moral Hazard
Less concerned about financial consequences of using health insurance.
Increase personal risk
Health Care Economics Midterm
Adverse Selection
People who know they are likely to sustain a loss are more likely to purchase insurance.
Health Care Economics Midterm