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Getting Started (Read-Only)
Every election year, we hear the discussion about healthcare and what our government will do to protect the people and to ensure that everyone has the healthcare coverage needed to live their lives. However, many do not realize the impact that government intervention has on the industry as a whole. Using the resources provided in this workshop along with your own independent research, expand your knowledge about the role factor markets play in the healthcare sector and in the economy overall. Furthermore, explain the role of government intervention and legal structures on healthcare providers.
Instructions (Follow Carefully)
Review the assigned resources:
Webpage: 2020 US and Global Health Care Outlook (Available online)(new tab)
Webpage: Factor Markets (Available online)(new tab)
Article: Health Care Market Deviations from the Ideal Market (Available online)(new tab)
Webpage: A Dozen Facts About the Economics of the US Health-Care System (Available online)(new tab)
Webpage: Which Healthcare Markets are Most Likely to be Disrupted by Covid-19? (Available online)(new tab)
Conduct your own research to support your writing. You should include a minimum of three scholarly resources in your work.
In a Word document (minimum 2,000 words), please address the following:
Discuss how the government impacts your chosen industry.
Explain factor markets and the role they play in your industry.
Discuss how factor markets are impacted based on the strength of the economy.
Discuss strategies for implementing factor markets within the industry.
Include your circular flow diagram from the workshop discussion as an appendix for this part of the case.
Your work should follow APA 7th edition format.