What are three reasons claimed to account for the high reported profits of pharmaceutical companies?

What are three reasons claimed to account for the high reported profits of pharmaceutical companies?

UHV-SBA
HCAD 4354 Economics for Healthcare
Homework 4
The homework covers the textbook Ch 11-14. You may discuss the questions with
classmates. However, it must be your individual work. Copying answer from others
will violate ACADEMIC HONESTY policy to cause a failing grade. Please show
the derivation process and limit your answers within 5 pages. Highlight the answer
for each question in MS Word format. No cover sheet is required. If you don’t know
how to edit math notations, just explain the process. Please submit you solution file as an
attachment.
Q1: (Chapter 11) (15%)
Managed care plans tend to lower health care costs, yet the level and growth of managed
care premiums are similar to those of traditional fee-for-service insurance plans. How can
that be explained? Q2: (Chapter 11) (15%)
Explain the difference between voluntary and involuntary uninsurance and between
frictional, structural, and cyclical uninsurance. Q3: (Chapter 12) (10%)
Physician assistants have long argued that they have the ability to provide as much as 70
percent of the medical services provided by primary care physicians at a much lower cost.
Yet government regulations limit their ability to work independently of physicians. Explain
what would happen to the level of competition in the physician services market if all the
statues limiting the activities of physician assistants were eliminated. Q4: (Chapter 12) (15%)
A recent study by the U.S. Department of Health and Human Services (2006) projects a
sufficient supply of physicians to meet demand for the coming decade. As you know from
your readings in this chapter, this result contradicts earlier research on the subject. The
study also points out the difficulty researchers face when forecasting the demand and
supply of physician services. If you were developing a model to forecast the demand for
physician services over the coming decade, what demographic and economic factors
would you include in your analysis and why? Q5: (Chapter 13) (10%)
Executives of not-for-profit hospitals have been criticized for being overcompensated.
Use the managerial expense preference model (Lecture of CH 13, Slide #13) to illustrate
the theory behind these accusations. Q6: (Chapter 13) (10%)
Some economists have suggested that the best way to control medical costs is to remove
the profit incentive for health care providers, particularly hospitals.

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