You just started working as a Health Service Manager at a major hospital. The CEO thinks he has a great idea, and wants your opinion on the following: Expand health insurance coverage to all US citizens (similar to Medicaid) and the federal government will pay the entire cost of coverage.
Write a 4 to 5 page report (double-spaced) on the economic implications of his idea. In discussing the issue, identify at least 3 economic concepts (discussed in Week1 and Week 2’s class content) when discussing whether or not (from an economic perspective) this idea is sustainable in the long-run. Rely on material in the course readings and summary slides to make your case. NOTE: THIS IS NOT A DISCUSSION OF THE CURRENT AFFORDABLE CARE ACT, IT IS A CONCEPTUAL PAPER APPLYING ECONOMIC CONCEPTS LEARNED IN THE FIRST TWO WEEKS OF CLASS.