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As cost goes up, what happens to producers’ motivation to supply?
it increases
examples of substitutions for PT
chiropractor, online resources, drugs
what do buyers want to maximize
utility
what do producers want to maximize
profits
are employers producers or consumers?
both- provide health insurance to employees, but get $ from patient insurance
composed of orginizations owned and operated by the govt.
public sector
made up of orginizations they are not owned by and are not part of govt. Small bussinesses, coorporations, profit/ non-profit orginizations, ect.
private sector
who governs the private sector?
shareholders
how is the public sector funded
tax dollars
how is the private sector funded
employers or people themselves
What is the structure (order) of healthcare delivery?
payers, premium (financing), health plan, reimbursement, providers
what are the modes of paying for healthcare?
govt. insurance, individual private insurance, employment based private insurance, out-of-pocket
What are some divisions under the US Department of t of Health and Human Services
CMS, FDA, HRSA, NIH, CDC
All states abide by _____ law and regulation but can add further state laws/regulations
federal
PTs are licensed by the __________
state
who issues the NPTE?
The Federations of State Boards
Note
Flashcard