Question: Explain the general link between system structure, performance, and policy. Using the Grossman model, discuss what happens to the demand for health and the demand

  • Explain the general link between system structure, performance, and policy.
  • Using the Grossman model, discuss what happens to the demand for health and the demand for medical care when the price of medical care (Pm) increases.
  • Briefly answer the following questions regarding the U.S. healthcare system.
    • Difference between conventional health insurance and managed care (discuss the type of insurance offered and reimbursement structure)
    • Difference between Medicare and Medicaid (include a discussion on how each is financed)

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