Applying Economic Principles and Tools to a Health Care part 1 Overview In this

Applying Economic Principles and Tools to a Health Care
part 1
Overview
In this assignment, you apply economic principles and tools (cost, demand, and market demand curves) to the economic issue that you chose in the Week 2 activity. You are also asked to complete a brief description of health care financing payment models.
Instructions
Consider the health care issue that you identified in the Week 2 activity and address each of the following in a 3–4 page Word document:
Explain how economic principles can be applied to this issue to effectively guide decision making.
Demonstrate how supply and demand curves are used to accurately assess the issue.
Analyze how the cost curve can be used to assess the issue. Provide an example.
Compare capitation, fee for service, and pay-for-performance financing payment models to accurately reveal their similarities and differences.
Use at least three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
Discussion question – Capitation, Payers, and Provider Behavior
part 2
Please respond to the following:
Compare primary available economic resources that health insurance payers may use to monitor, assess, and regulate health care providers’ behavior. Evaluate the degree to which alternative provider payment methods (e.g., capitation, pay for performance, et cetera.) impact HMO economic and business performance. Provide one example of such a type of method to support your response.