This paperwork contains HCS 440 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 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.
As a representative of Castor insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, give at least two reasons why each plan could be selected for each company. Then select one of the two companies and state which plan you would select to sell to that company? What are the reasons for this decision? Why did you not select the other plan offered?
Your paper should be organized so that each question serves as a subheading followed by the discussion, i.e. Two Reasons Why Each Plan Could Be Selected, Which Plan Selected and Reasons for the Decision, and Why the Other Plan Were Eliminated.
Include a Title page and a Conclusion.
Format your paper consistent with APA guidelines as described in team the Assignment Format – Easy Version document. Follow the Wk 4 Individual Assignment Outline document posted in the Course Materials forum located just below the Chat Room.
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