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The monopoly model

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Use the monopoly model to explain how providers are able to charge different groups of patients different prices.

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Solution Summary

The monopoly model is carefully demonstrated. References are also integrated.

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I wish you well in your studies. Dr. Susan

The two major markets of healthcare in the United States are the competitive or free market or the government regulated. It seems simple and direct but it is very complex. By finding all the sources of how income is regulated you would think you had fallen into the real Monopoly game but much different because it affects people lives and pocketbooks. The government now regulates so much of how compensation is driven that anyone who sets up a fee for service clinic would not survive in this economy.
The payment system in multilayered and depends on many factors. In or out of the hospital can be an additional cost unless a person is a certain age or has additional ...

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