Proposed implementation of the Affordable Health Care Act.

Proposed implementation of the Affordable Health Care Act.

ECON300: FINAL PROJECT
Review the health care profession scenario that begins on the following page. You must create an executive summary identifying:
• The nature of the scenario,  • The probable causes of the scenario, and  • The economic factors affecting the scenario, and  • A series of responses to the scenario that use economic concepts, tools, conventions and decision making theory.
You are required to frame your response from at least one theory learned from the course.
You will be required to include:
• At least three visual aids in your paper,  • At least five applicable concepts,  • Conventions and/or tools that are typically used in economic health care to solve similar problems.
You will be required to complete research on similar cases and cite these resources to strengthen your plan of action.
This assignment is due at 11:55 pm (EST) on Sunday of Week 10.

The Board of Directors at the Hondros Clinic is considering how to prepare for the oncoming implementation of the Affordable Health Care Act.  Some of the Directors believe that the Affordable Health Care act will cause a nationwide increase in demand for health care services.  In order to meet this increased demand, these directors feel that they should expand services.  Here are some of their proposals:
Invalid Care:
• Expand capacity – Build a new health care facility. • Fill current capacity – Hire more nurses and doctors and provide more medical services at the current clinic • Expand outreach services – Initiate in-home nursing programs and hire part time or contractual nursing staff to perform the services
Internal Medicine:
• Expand capacity – Build a new health care facility. • Fill current capacity – Hire more nurses and doctors and provide more medical services at the current clinic • Partner with retail pharmacies and open mini-clinics within their stores
Specialized Medicine
• Increase Research and Development efforts  • Partner with nursing schools through grants and other subsidies to attract new talent
The rest of the Board feels that the Affordable Health Care Act may in fact cause medical services at Hondros Clinic to decrease.  They believe insurance carriers will drastically increase the cost of medical care for private health care providers.  As a result, many hidden costs will be pushed off onto the clinic.  They believe cost saving measures should be taken to avoid these hidden costs.  They recommend the following actions:
• Expand consumer health education efforts  • Partner with an Accountable Care Organization (ACO) • Reduce part time nursing staff and give more responsibility to full time nurses • Reduce hospital capacity by eliminated frequently used medical services
Given your understanding of health care economics and the Affordable Health Care Act, write an executive summary to express what you believe will happen to the demand for health care and why this will happen.  In your response, identify the nature of the issues surrounding the demand for health care, the probable causes of the expected change in
demand, and the economic factors affecting health care demand   In your response, use economic concepts, tools, conventions and decision making theory to support your idea.  Support or refute each of the board member recommendations using economic concepts, tools, and conventions.  You must use at least three visual aids, and at least five applicable concepts, conventions, and/or tools that are typically used in economic health care to solve support your responses.  You will be required to complete research on similar cases and cite these resources to strengthen his/her plan of action.
Here is a list of some of the concepts, tools and conventions that you can use:
• Demand & Supply • Elasticity • Cost-benefit Analysis • QALY • DALY • Fixed & Variable Costs Structures • Insurance Cost Factors • Demographics of Health Care Consumers • Health Care Industry Structure • GDP
It is highly recommended that you use “The Future of Nursing: Leading Change, Advancing Health” as a primary research source

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