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QUESTION
- Open Rosenthal
- Open Rosenthal (2018), to p. 8, where the "Economic Rules of a Dysfunctional Medical Market" serve as a framework for the entire book. What do you think of that idea in regard to helping you learn about medical (health) are by using this framework? (approximately 50 words of scholarly writing)
- Add a #11 and a #12 to the bottom of Rosenthal's (2018) framework on p. 8, based on your experience as a nursing student and professional nurse, and post it to the Discussion Board. In approximately 50 words of scholarly writing, explain why you selected those two itemsto add to Rosenthal's framework.
- It is fantastic that you are able to hear, via technology, from one of the text's authors, and feel and hear her passion and sense her commitment to improve healthcare. What examples or ideas in the Rosenthal (2018) text for this module did you find most surprising? List five that help you reflect on your own practice. A list of five is all that is requiredfor this assignment. (150 words)
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Nursing |
Pages |
3 |
Style |
APA |
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Answer
Dysfunctional Medical Market
Question 1
I think that the idea of the use of the idea available under the Economic Rules of a Dysfunctional Medical Market is fundamental towards learning about health. Evidently, the framework provides an indication of the fact that health and high costs are directly related concepts (Rosenthal, 2018).
Question 2
#11. An effective health is directly linked to costly treatment options.
#12. The uninsured are highly likely to have a diminished health outcome in comparison to the insured.
These items were identified since they suggest that one should be willing to spend to enjoy an effective treatment
Question 3
- I found it surprising that even with technology the prices of healthcare are increasingly rising. Evidently, technology is considered as a factor which is expected to reduce the costs of healthcare services (Minh & Löfgren, 2019). However, this is not the case in Rosenthal’s work.
- It was also surprising that competitors within the field of healthcare fail to compete based on price.
- It was also astonishing that even with the stiff competition experienced in the sector, the prices of the health care services continue to rise rather than decline (Rosenthal, 2018).
- I was also surprised by the fact that even in the field of health care, the costs of a procedure are not fixed. This provides an indication that the prices can rise based on the type of procedure being completed on the patient.
- It was also surprising that in America, patients lack a free choice in that they are always stuck on the factor of American buying.
References
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Minh, V., & Löfgren, K. (2019). An institutional analysis of the fiscal autonomy of public hospitals in Vietnam. Asia & the Pacific Policy Studies, 6(1), 90-107.
Rosenthal, E. (2018). An American Sickness: How Healthcare Became Big Business and How You Can Take It Back. Penguin Press
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