Economic Issues Simulation Paper HCS 440 – Economics: The Financing of Health Care Economic Issues Simulation Paper Health care system has evolved tremendously in the last few years‚ with many changes with the health care laws including but not limited to Universal Health Care‚ many individuals have choices when it comes to their coverage. According to healthcare.gov‚ in January of 2015‚ an employer with 50 or more full time employees will have to make an Employer Shared Responsibility
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Economic Issues Simulation Paper HCS/440 January 23‚ 2012 Charles Sigmund Health care economics studies such issues as demand for medical care‚ pharmaceutical prices‚ competition among health care providers and insurers‚ and financing of health care services. Castor Collins has put together a plan which will help solve many issues facing the organization. The plan is built to maximize profit for the company and minimize the risk of poor choices provided to individuals who will
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Economic Issues Simulation Paper Jamie Ruth HCS 440 6/25/2013 Marcia Smith Economic Issues Simulation Paper As a representative of Castor Insurance‚ the job is to maximize profit and minimize risk for the company. Healthcare is a high in demand good that the consumers of any job wants and needs to have. So it is very important to chose the right kind of healthcare for your employees. The two companeys in question Constructit and E-editors need to
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EVAL – Economic Issues Simulation Paper – Grade Points 25 pts. EVAL: * Prepare a 1050- to 1400 paper in which you present a profile of each company including the demographics of the employees‚ the health care risk factors (potential areas of high utilization)‚ and the premiums the company is willing to pay. Apply each plan‚ Castor Standard and Castor Enhanced to each company‚ Constructit and E-editor‚ to determine which plan best meets the healthcare needs of the employees – ignore Dearden
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Economic Issues Simulation 440 June 3‚ 2013 Janine Lewis Economic Issues Simulation Health Maintenance Organizations (HMOs) have an important role to their patients and their health care providers. Castor Collins Health Care Plan was found in the year of 1999‚ in Pantome. This particular HMO service provide health care insurance and health care services to a variety of physicians and hospitals. This company used the capitation idea for compensation to pay its health care providers
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Economic Issues Simulation Economic Issues Simulation: Constructit Constructit is a company which does not presently have any employees with health insurance benefits. The company employs 1000 people and are willing to fund annual premiums as long as they can pay $4‚000 per person. The employees comprise of 550 men and 450 women‚ ranging in ages 26 to 45. Furthermore‚ the workers 57% of the workers range from high activity to moderate activity while the 43% that remain are in predominantly
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Economic Issues Simulation Paper Christi L. Baker HCS 440 March 5‚ 2012 Steven Miracle Abstract Castor Collins Health Plans‚ a regional health maintenance organization (HMO)‚ in the state of Pantome provides HMO health insurance and health care services to enrollees through its statewide network of physicians and hospitals. E-Editors‚ a company with 1600 employees has asked Castor Collins to find an employee health insurance plan that accepts preexisting conditions at a maximum premium of
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Economic Simulation Isaac Newton’s third law of motion states‚ “That for every action there is an equal and opposite reaction. This is also true for economics. The action and reaction of supply and demand is best if allowed to be naturally forming. This enables Microeconomics and Macroeconomics to balance and stay stable. This essay will discuss the effect of supply and demand based off the data from the economic computer simulation from class. Microeconomics The simulation implemented different
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Health Care Economics Issues HMO Simulation Name University of Phoenix Economics: The Financing of Health Care HCS440 instructor date Health Care Economics Issues HMO Simulation Castor Collins is a health insurance company that offers health maintenance organization (HMO) to organizations. This health insurance company was founded in 1999 in Pantome. Two organizations are trying to seek coverage for their employees and have chosen to see what Castor Collins has to offer them. The
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Week 4 Individual - Economic Issues Simulation Paper General Questions - General General Questions Review the Health Care Economics Issues HMO Simulation exercise posted on your student web page. Follow the Wk 4 WEB LINK “Understanding Economic Issues for HMO’s”. This exercise is for your learning experience only. Do not post any screen short from the exercise as part of your assignment. Economic Issues Simulation Paper Prepare a 1‚050- to ‚1400 paper in which you present
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