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