Chapter 4: The Market Forces of Supply and Demand
Recent Posts
December 30
Why Health Consumers Aren't Cost Conscious
Out-of-pocket costs for health-care have fallen to 12% of total spending on health-care.
Textbook References:
Pages 7-8 “Principle 4: People Respond to Incentives”Pages 67-68 “The Demand Curve: The Relationship Between Price and Quantity Demanded”
November 17
Flier on Healthcare Reform
The dean of Harvard's medical school argues that the proposed healthcare reforms will increase costs without improving access or quality.
Textbook References:
Page 80 “Figure 10: How an Increase in Demand Affects the Equilibrium”Pages 246-248 “The Fiscal Challenge Ahead”
Pages 589-593 “Policy 3: Government Budget Deficits and Surpluses”