Prior to engaging in this discussion, please read Chapter 17 in the text and rev
Prior to engaging in this discussion, please read Chapter 17 in the text and review any relevant Instructor Guidance. It is suggested that you review the recommended articles to glean any helpful information. To begin you initial post, research one of the health profession licensing agencies in your state. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession as well as the impact those policies potentially have on the economics of health services. Then, specifically look at the composition of the licensing agency’s board of directors. Describe the present composition of the board membership. Evaluate the social-cultural issues that might influence health economics in your state based on the diversity of the board in question. Is the present composition a fair representation of the community the board is supposed to serve? What, if any, consumer representation exists on the board? Compare and contrast economic challenges and incentives among health care’s organizational models such as the licensing agency you have selected.
Use reference:
Lee, R. H. (2019). Economics for health care managersLinks to an external site. (4th ed.). Health Care Administration Press.
Chapter 17: Regulation
Chapter 18: Behavioral Economics
Bowblis, J. R., & Lucas, J. A. (2012). The impact of state regulations on nursing home care practices. Journal of Regulatory Economics, 42(1), 52-72. doi:http://dx.doi.org.proxy-library.ashford.edu/10.1007/s11149-012-9183-6. Retrieved from the EBSCOhost database.
This article assesses the effect of the minimum quality standards of deficiencies and nurse staffing requirements on the nursing home care practices of physical restraint, indwelling urinary catheter, and feeding tube use. National longitudinal data on nursing homes reveal that the effect of specific deficiency citations on care practice use depends on the clinical complementarity or substitutability of the deficiency and the specific care practice (Bowlbis & Lucas, 2012).
Cantor, J. C., Thompson, F. J., & Farnham, J. (2013). States’ commitment to medicaid before the Affordable Care Act: Trends and implications. Inquiry, 50(1), 71-84. Retrieved from the EBSCOhost database.
Medicaid insures more than 65 million low-income people, and the Affordable Care Act of 2010 gives states the option to enroll millions more. Historical trends in state Medicaid effort possess important implications for health policy going forward. Nearly all states steadily ratcheted up their Medicaid effort in the period from 1992 to 2009, holding out promise that most will sustain their programs and ultimately participate in the expansion authorized by the Affordable Care Act (Cantor, Thompson, & Farnham, 2013).
Dowd, S. (2004). Applied game theory for the hospital manager: Three case studies. Health Care Manager, 23(2), 156-161. Retrieved from the EBSCOhost database.
This article reviews the more complex aspects of game theory than those presented in a recent HCM article. Following a basic overview of terminology and simplified examples, case studies are presented to show the hospital manager how game theory is a useful modeling strategy for predicting human interactions and the potential outcomes of certain decisions, especially economic ones (Dowd, 2004).
Levaggi, L., & Levaggi, R. (2010). Strategic costs and preferences revelation in the allocation of resources for health care. International Journal of Health Care Finance and Economics, 10(3), 239-256. doi:http://dx.doi.org.proxy-library.ashford.edu/10.1007/s10754-010-9079-x. Retrieved from the EBSCOhost database.
This article examines the resources allocation process in the internal market for health care in an environment characterized by asymmetry of information. We analyze the strategic behavior of the provider and show how, by misreporting its cost function and reservation utility, it might shift the allocation of resources away from the purchaser’s objectives (Levaggi & Levaggi, 2010).
Westhoff, W. W., Cohen, C. F., Cooper, E., Corvin, J., & McDermott, R. J. (2012). Cooperation or competition: Does game theory have relevance for public health? American Journal of Health Education, 43(3), 175-183. Retrieved from the ProQuest database.
In this paper, we use game theory to understand decisions to cooperate or to compete in the delivery of public health services. Health care is a quasi-public good that is often associated with altruistic behavior, yet it operates in an increasingly competitive environment. With mounting health care regulation and changes in privatization, altruistic arguments give way to more competitive rationales for market decisions (Westhoff, Cohen, et al. 2012).