HSS310 CTU Supply and Demand in Economics of Healthcare Discussion Response

Primary Discussion Response is due by Friday (11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Supply and demand represents a fundamental principle of economics, yet it is considered to be more complicated in the application to healthcare goods and services and the healthcare industry. Discuss the following issues related to supply and demand in the economics of healthcare:

  • What factors are influencing the demand for goods and services in healthcare today?
  • What factors are influencing the supply of goods and services in healthcare today?
  • How do advances in medical technology impact healthcare economics and decisions made by healthcare organizations to offer new services and healthcare insurers to pay for them? Provide one example.
  • How has the Affordable Care Act impacted the balance of supply and demand for healthcare services?

Your response should include at least one example of a factor influencing supply and one factor influencing demand. You should cite at least one scholarly reference published within the last five years, and use APA citation formatting.