Supply and Demand in the Healthcare Industry
This assignment will assess the following competency 2. ANALYZE the impact of supply and demand in the health care industry.
In a 4 page paper, analyze the impact of supply and demand in the healthcare industry. Each chapter in this unit provided some insight on various forces and elements to consider. Using information from each chapter, develop 2 diagrams that represent key elements of health care supply and demand. The first diagram should display a diagram of the US health care system in the in the 20th century and the second should display US health care following health care reform in the 21st century.
Explain why you selected each component of your diagrams, and what forces are responsible for the differences between the 20th and 21st century supply and demand models.