HMGT435 Assignment #3: Market Structure of Healthcare Industry

HMGT 435

Assignment #3: Market
Structure of Healthcare Industry

Instructions

Pick one of the following
healthcare industries listed below. Using what you have learned so far about
market structure and the impact on supply and demand, write a 7 page report
(double-spaced) addressing the following questions:

1- From what you have
learned in class and research you have done on-line what is the market
structure of that industry (e.g perfectly competitive, oligopoly, monopoly,
other)

2- What are the implications
of the market structure on the demand and supply curve and price of the
services offered?

3- What is the implication
of third-party payers like private health insurance or federal programs like
Medicare and Medicaid on demand and supply in this industry?

4- How has the government
intervened in the industry and what was the economic rationale
for the intervention? Was there a market failure or other rationale for
intervention? Discuss

Choose one of the
following industries to discuss the answers to the above questions:

a- Pharmaceutical Industry

b- For-profit health
insurers

C- Not-for profit health
insurers

D- Any physician specialty
(e.g. cardiology, ophthalmology, etc.)

E- Hospital (national
Network)

F- Small rural hospital

Explanation & Answer

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