09 Jul economic concepts in health care
Using the economic concepts and terms presented in this week’s readings, you will describe how two individuals should optimally invest in their own health care to get the best health outcome and value in the short-term (1 year from now) and in the long-term (15 years from now). You may use your local market area for provider services to obtain their prices and availability.
Initial Post
In your initial post, respond to the following case examples:
- Ted is a 50-year-old male, is employed, and has a high deductible ($6,000/year) family health plan offered by his employer. Ted has a typical U.S. diet and a family history of heart disease. Saving for retirement and helping two children with college expenses are financial priorities for him.
- Hope is a 25-year-old female, has no children or spouse, and works two part-time jobs; she rides her aging motorcycle to her jobs. Hope does not have employer-sponsored health insurance, but her state does have a health exchange that offers coverage.
Your initial post should be 600 words, reference at least two scholarly resources, and use APA 7 formatting for citations and references.
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