Micro 6 case study - Burkhart 1 Brittany Burkhart Professor...

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Burkhart 1 Brittany Burkhart Professor Feenstra 12 November 2008 Microeconomics Case Study: The Marginal Value of Free Medical Care There is no doubt that our nation’s present health care system is in a state of havoc. As people lose their jobs and insurance companies raise premiums and deductibles, people cannot afford coverage. Many of those who are able to find work cannot sign up for insurance due to pre-existing conditions. Some find their only option is to turn to the government for assistance. Medicaid is quickly leading in the spending category in most state budgets (McEachern 135). With an increase in monthly premiums for Medicare recipients, consumer surplus would decrease. For the elderly, it is often a struggle to pay for medical bills and prescriptions. If they need to pay more, chances are that they would go without needed medicines or doctor visits. The general health of the elderly would degenerate as they may not have the extra money for premiums and co-payments. With a reduction in co-payments, the surplus would increase as
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This note was uploaded on 10/07/2009 for the course ACC ACC300 taught by Professor Jones during the Spring '09 term at Central Pennsylvania.

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Micro 6 case study - Burkhart 1 Brittany Burkhart Professor...

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