The insurance system has benefits and drawbacks for patients, providers (physicians), and insurance companies. Identify at least one benefit and one drawback for each of these stakeholders. Explain how insurance benefits/hinders each stakeholder. How does the demand theory apply to the relationship between each stakeholder and the insurance industry? Does insurance impact the quality of care provided by physicians?
Textbook: Health Economics and Policy, Chapters 7, 9, and 13
Textbook link: https://bncvirtual.com/vb_econtent.php?ACTION=econtent&FVENCKEY=AD9EE8D798DCAFC7E76B5FB7C978DD86&j=43766531&sfmc_sub=1597096465&l=23329524_HTML&u=695880241&mid=524003857&jb=40753&utm_term=10242022&utm_source=transactional&utm_medium=email&utm_campaign=Direct_Ebooks
Website: https://www.healthcare.gov/
website: https://www.medicare.gov/care-compare/?redirect=true&providerType=Hospital
Article: https://www.americanactionforum.org/research/primer-the-inpatient-prospective-payment-system-and-diagnosis-related-groups/
Article: https://cedar.wwu.edu/wwu_honors/75/
Article: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7185050/
Video: https://www.youtube.com/watch?v=fJxTEL3vHyI