Write an essay on your Understanding how Americans pay for healthcare. Understanding the purpose of insurance . Understanding why indirect payment for healthcare is complex .Understanding why most consumers get insurance coverage through government-sponsored or employer-sponsored plans. Understanding why traditional insurance has largely disappeared .Understanding why and how managed care plans differ
Chapter 5: Costs can be hard to measure and depend on perspective. Incremental cost equals the change in cost resulting from a change in output. Average cost equals the total cost of a process divided by the total output of a process. Large firms have a cost advantage if there are economies of scale. Multiproduct firms have a cost advantage if there are economies of scope. Costs depend on outputs, technology, input prices, and efficiency. Opportunity cost is the value of a resource in its best alternative use. Sunk costs, which are costs you cannot change, should be ignored.
Research an article related to a concept in Chapter 3 0r 5 from a peer-reviewed journal. The article should be related to the health care sector. Write a summary of the article. Include the title and source of the article at the beginning of the summary.
