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Unformatted text preview: Three types of private insurance-1. HMO 2. PPO 3. Fee for Service Three effects of rising health care cost on United States 1. Less People can afford health care 2. Slowed growth of red wages 3. Govt has less $$ to spend elsewhere Factors to qualify for Medicaid Twice poverty line Adam Smith: Theft will be committed in any society in which one person has substantially more property than another. Thus, those who engage in theft are seeking income. Costs and benefits of criminal Activity: 1. Benefits of Theft: Loot 2. Costs: Apprehension, conviction, jail Society wants to lower the net expected benefit for committing any illegal activity. Two areas of research: 1. Putting more police in the street 2. Role of punishment through imprisonment Results: Strongest deterrent effect of police on violent crime, such as murder, rape and assault Elasticity of violent crime with respect to police is about 1-0...
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This note was uploaded on 04/07/2009 for the course INDV 002 taught by Professor Mcbrearty during the Spring '09 term at University of Arizona- Tucson.
- Spring '09