To support your work, use scholarly sources, and or the
Internet. As in all assignments, cite your sources in your work and provide
references for the citations in APA format.
Healthcare Costs
Growth in national health spending closely tracked growth
in nominal gross domestic product (GDP) in 2010 and 2011, and health spending
as a share of GDP remained stable from 2009 through 2011, at 17.9 percent
(Micah et al., 2011).
Based on
the above information, answer the following questions:
•
Define the
economic principle of opportunity cost.
•
Locate
current GDP expenditures and express the percentages in a graph or a chart.
•
Explain
whether spending 17.9% of GDP is too much or too little to spend on healthcare.
•
Defend
your position using the concept of opportunity cost and highlight specific GDP
expenditures that are impacted by healthcare expenditure (opportunity cost).
Reference:
Micah, H., Martin A.
B., Benson, J., Catlin, A., & The National Health
Expenditure
Accounts
Team (2011). National Health Spending In 2011: Overall
Growth
Remains
Low, But Some Payers And Services Show Signs Of
Acceleration.
Health
Affairs. Retrieved from
http://content.healthaffairs.org/content/32/
1/87.abstract
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