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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Waypoint 2

Waypoint 2

Q Economics of Health Waypoint 2: Health Care System Design The purpose of this assignment is to ensure you are making adequate progress. Only ONE person per group needs to upload this document. The final assignment must include justifications for your policies, backed by sources. Please see the Worksheet Template under Project Part 2. For this assignment, you do not need to provide the justifications or sources. The final assignment will be graded according to the posted rubric, so make sure you look at it! Group member names: Amy Robinson 1. Will there be insurance companies, and, if so, what policies will they have to follow? Will you use single payer health insurance, nonprofit companies, or for-profit companies?

Q 2. Who will be covered in the plan? Will there be universal coverage or not? Will there be insurance mandates? Will different segments of the population be governed by different rules? How will you avoid adverse selection?23. How will your health care plan be financed? Will it involve taxes, subsidies, copays, deductibles, or other methods? 4. Will hospital pricing be regulated? If so, what rules will be in place? Are there any drawbacks to these rules?

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1.Yes, there will be presence of insurance companies and they will be following the sick policy. In this case, the single payer health insurance will be used and this will be provided by those of the for profit hospitals and the government. 2.All kinds of people will be covered in the plan. There will be presence of universal coverage only. There will be presence of insurance mandates as well. By restricting the limits, consumers end up purchasing coverage’s which can be provided from the hospitals like that of life insurance. Basic coverage is provided to the low income individuals and families. This is being provided from the hospitals or the government and that too for free. The main motive remained in terms of the quality of acre without taking into consideration the level of income.