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Demand For Medical Care
Essay specific features
Written by:
Louise C
Date added:
August 30, 2013
Level:
University
Grade:
A
No of pages / words:
5 / 1199
Was viewed:
1875 times
Rating of current essay:
Essay content:
The first is the patient factor. This includes a patient's health status, demographic characteristics and economic status. The second is the physician factor. This is an interesting topic because it introduces the principal (patient)-agent (physician) problem. We are faced with the problem of diminishing marginal returns for health...
displayed 300 characters
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This is an interesting topic because it introduces the principal (patient)-agent (physician) problem. We are faced with the problem of diminishing marginal returns for health. At a certain point, we can only produce so much health. The question we need to ask ourselves is what is the optimal budget for medical care? This is a question that can not be easily answered due to our changing demand for medical care...
displayed 300 characters
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