|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 7 pages report (double-spaced) addressing the following questions: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)What are the implications of the market structure on the demand and supply curve and price of the services offered?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?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? DiscussChoose one of the following industries to discuss the answers to the above questions:Pharmaceutical IndustryFor-profit health insurersNot-for profit health insurersAny physician specialty (e.g. cardiology, ophthalmology, etc.)Hospital (national Network)Small rural hospital|
The student demonstrates a thorough understanding of economic issues and can answer all 3 sections of the assignment relevant to the analysis.
All three of the sections are accurately defined and discussedin the context of the assignment.
The student draws accurate conclusions for each of section of the question.
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