Demand -pull cause and cost-push cause in the health care sector.

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Chapter 7.2, Problem 1GE

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Demand-pull cause and cost-push cause in the health care sector.

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Read “YOU’RE THE ECONOMIST: Why the High Cost of Health Care?” in Chapter 17. After reading the case, discuss the following questions: (1) Which of the causes of healthcare inflation discussed here could be considered demand-pull causes? Which are elements of cost-push inflation? (2) Can you think of any other causes for the rising costs of health care.

Total spending on health care in a certain region rose from $937 million in 1976 to $946 billion in 2007, Compare this rise in health care spending to the overall rate of inflation as measured by the Consumer Price Index. A Click the icon to view the Average Annual Consumer Price Index. %. (Round to the nearest percent as needed.) Health care spending increased by The overall rate of inflation was %. i Average Annual Consumer Price Index (1982-1984=100 X. (Round to the nearest percent as needed.) Year CPI Year CPI Year CPI 1976 56.9 1987 1988 113.6 1998 163.0 1977 606 118.3 1999 166.6 65.2 1978 1979 1989 124.0 2000 172.2 72.6 1990 130.7 2001 177.1 136.2 140.3 144.5 2002 2003 2004 179.9 184.0 188.9 195.3 201.6 207.3 215.3 1980 82.4 1991 1981 1982 90.9 1992 96.5 1993 1983 99.6 1994 148.2 2005 152.4 156.9 160.5 1984 103.9 1995 2006 1996 2007 1985 1986 107.6 109.6 1997 2008 Print Done

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