Supply Demand

 

1. How much control do health care consumers have over their choices in the health care market?  Think about choice of physician and also treatment options.

 

 

2 In other markets, price is pretty important to consumers and suppliers.  Is this true in healthcare?  Why or why not?  Does this make demand and supply of healthcare elastic or inelastic?

 

3. Does price reflect quality in healthcare markets?  Why or why not?  Is there a trade-off between making a profit and providing quality care?

 

4. How does quality in healthcare affect demand for healthcare?  How can people recognize “quality” care?