Hcs 440 Week 4 Simulation Analysis

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HCS/440 – Wk#4 Simulation Assignment Template Cycle 1 (January 2006) …. Feedback is based on the plan and the services that the learner selects, given the cost of various services, the learner’s earnings, the maximum premium the learner can charge, and the expected utilization of the various plans by the two groups vis-à-vis the returns from providing these plans. The optimal choices are: Group | Plan | Services Excluded (if any) | Constructly_ | ___________ | ------------------------------------------------- | E-Editors | ____________ | ___________________________________ | Question #1A: Does health insurance lead to over-consumption of health care? Question #1B: Does health insurance increase revenue streams for Castor Collins?…show more content…
The optimal choices are: Services Copayment Rate (%) _____________________ _________________ Question #2a: Under what circumstances does health insurance lead to over-consumption of health care? Question #2b: Health care is different from other products in that the demand for health care is based more on ‘needs’ than on ‘wants’. How does this fact affect the market for health care? Cycle 3 (January 2008).... Feedback will focus on the concept of cost-effectiveness, and about the tradeoff between the objectives of maximizing cost-effectiveness and profits. This is reflected in the choice between Cosmetic Reconstructive Surgery and Substance Abuse Treatment. Selecting Cosmetic Reconstructive Surgery, Gastric Bypass, and Acupuncture would enable the learner to maximize profits, but not cost-effectiveness. On the other hand, selecting Substance Abuse Treatment, Gastric Bypass, and Acupuncture would maximize cost-effectiveness, but not

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