You are to advise of the effects of a section of the Health Care Package introduced...

 

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You are to advise of the effects of a section of the Health Care Package introduced in the Budget 2023-24 on Tuesday 10 May 2023 in a 15-minute presentation. Your lecturer will be acting in the role of that member of Federal Parliament. Instructions Imagine you are an economic consultant engaged by a non-government member of the Federal Parliament. Your presentation should focus on ONE (1) of the following topics (Medicine, Medicare, Aged Care, health costs) and will be required to demonstrate: a) The impact of the government's healthcare package on demand (focus on your topic): a. changes in demand; b. changes in quantities demanded, in the short-run, and in the long run, respectively. b) The impact of government's health care package on supply (focus on your topic): a. changes in supply; and b. changes in quantities supplied, in the short-run and in the long-run, respectively. The impact of the health care package (focus on your topic) on employment in the health care sector and flow-on effects on other sectors (be specific on these sectors) based on your analysis in a) and b). c) d) The "winners" and the "losers" FROM the perspective of businesses, based on your view of your analysis in a), b) and c). Specify ALL your assumptions and their limitations where appropriate. Note: It is mandatory to provide demand, supply and other graphs where appropriate to support your presentation. You are to advise of the effects of a section of the Health Care Package introduced in the Budget 2023-24 on Tuesday 10 May 2023 in a 15-minute presentation. Your lecturer will be acting in the role of that member of Federal Parliament. Instructions Imagine you are an economic consultant engaged by a non-government member of the Federal Parliament. Your presentation should focus on ONE (1) of the following topics (Medicine, Medicare, Aged Care, health costs) and will be required to demonstrate: a) The impact of the government's healthcare package on demand (focus on your topic): a. changes in demand; b. changes in quantities demanded, in the short-run, and in the long run, respectively. b) The impact of government's health care package on supply (focus on your topic): a. changes in supply; and b. changes in quantities supplied, in the short-run and in the long-run, respectively. The impact of the health care package (focus on your topic) on employment in the health care sector and flow-on effects on other sectors (be specific on these sectors) based on your analysis in a) and b). c) d) The "winners" and the "losers" FROM the perspective of businesses, based on your view of your analysis in a), b) and c). Specify ALL your assumptions and their limitations where appropriate. Note: It is mandatory to provide demand, supply and other graphs where appropriate to support your presentation.

Answer rating: 100% (QA)

Conclusion In conclusion the Health Care Package is expected to impact Medicare significantly The de... View the full answer