Healthcare Players in the Market

A) Distinguish between the concentration ratio and the
herfindahi-hirschman index (HHI). What are the limitations of these measures
within the context of the pharmaceutical industry?

b) If the interest group theory applies to hospitals, why
doesn’t it also apply to nursing homes? Would a doctor-owned, for-profit
hospital be as attractive to physicians as a nonprofit hospital?

c) Can we say which are the most efficient hospitals
nonprofits or for-profits? Which are the most efficient nursing homes? What
qualifications apply to our present knowledge in each case? What is your view?

d) Explain why it is often claimed that hospitals compete
for doctors rather than patients. What are some of the implications of this
phenomenon, assuming that it is true?

e) Even nonprofit hospitals must earn a profit explain in
view of the European and Canadian health system.

f) Suppose that the licensure requirements for health care providers
were eliminated. Use supply-and-demand analysis to predict what may happen to
the price and quantity of health care services. Are there other considerations,
in particular, mechanism that could evolve to replace licensure?

g) Direct-to-consumer (DTC) advertising of prescription
drugs is growing rapidly. List several products with which you have become
familiar as a result of such advertising. Discuss the pros and cons of DTC
advertising from the perspective of physicians and patients

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