Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Part I
Consider the four health plans below with an eye to choosing one to offer to the company's employees. Assume that the health plans and their annual per employee premiums are as follows:

Health Plan Premium, Individual Premium, Family
Aetna Health $4,555 $11,428
MetroPlus $4,267 $10,540
Empire $4,217 $10,767
Oxford $6,029 $13,417

The employer will pay 80% of the premium for individual coverage, and the employee will pay the remaining 20% as well as the entire additional premium for family coverage. (The premiums listed above, while realistic in magnitude, are hypothetical and computed solely for the purpose of this project.) All of the plans are managed care plans. Assume that the benefit package is the same across all plans, so there is no difference between them in what services are covered.

In addition to the above data, click here to view and investigate the Online Report on Quality Performance Results in New York State, the latest report card issued by the New York State Department of Health, 2013, and incorporate the information into your evaluation.
You can view the various categories of measures on which health plans are rated (e.g., Access to Care, Adult Living with Illness, etc.). Click each link for a summary chart that presents the performance (usually as a percentage score) of each plan in the group on the relevant measures and how each plan compares to regional and statewide scores.

Submit a 2-page analysis in a Microsoft Word document that outlines the plan you selected and why. Generally, you would select the plan with the highest score, but if you chose a plan with a lower score, explain why. Include the following elements in your analysis:

Explain which factors (e.g., price and/or performance measures) were most important to your choice of plan and how you derived the weights for each factor you used.

Indicate, on a scale of 1 to 10, how comfortable or confident you are that you made the right choice, with 10 being most confident.

Part II

You need to use the multiattribute utility (MAU) technique to respond to the following questions. Although the technique can be performed with pencil and paper, it is recommended you use a Microsoft Excel to do the various calculations involved.

Access the information on using the MAU technique:

· MAU Model
· MAU Example
· Compare your level of confidence at the time you completed Part I to your confidence level for Part II, when you used this decision aid.
· Was it helpful? What were its advantages and disadvantages?
Did it make the decision harder to make or easier to justify?
Support your responses with examples.
Cite any sources in APA format.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92171259

Have any Question?


Related Questions in Microeconomics

Question based on your readings how could you have learned

Question: Based on your readings, how could you have learned material better, how could you apply this information? Give an example of how you did or could have applied this information. 250 word initial response. The re ...

Question say that the interest rate is 8 if you invest 200

Question: Say that the interest rate is 8%. If you invest $200 today and then another $300 in exactly one year, what is the total future value of these investments two years from today? The response must be typed, single ...

Question a consulting firm estimates the demand by local

Question: A consulting firm estimates the demand by local businesses for attendance at a pro sports team's games: PB = $140 - 4AB where PB is the ticket price paid by businesses, measured in dollars, and AB is their atte ...

Question the demand for boobles can be written as q 11000

Question: The demand for boobles can be written as: Q = 11,000 - 8P. Calculate the price, quantity, total revenue and marginal revenue when the elasticity of demand = -2.2. Calculate the price, quantity, total revenue an ...

Lets see if we can formulate any real laws about the

Let's see if we can formulate any real laws about the economics of taxation. Which of the following must be TRUE, as long as supply and demand curves have their normal shape (demand curves are downward sloping while supp ...

Question why do we use the perfectly elastic world price

Question: Why do we use the perfectly elastic world price curve as a sort of benchmark to evaluate social wellbeing in the case of international trade and import tariff while only using demand curve (willingness to pay) ...

Question from 1982 through 2000 the sampp 500 stock price

Question: From 1982 through 2000, the S&P 500 stock price index rose an average of 14.7% per year (all figures in this problem are annual averages). Over the same period, the Aaa corporate bond rate fell from 13.8% to 7. ...

Question two types of consumers workers and retirees share

Question: Two types of consumers (workers and retirees) share a community with a polluting cheese factory. The pollution is nonrival and nonexcludable. The total damage to workers is p^2 where p is the amount of pollutio ...

Question according to the definition of opportunity cost

Question: "According to the definition of opportunity cost, the more alternatives that we have given up in undertaking an action, the higher the opportunity cost." Please make a critical comment on this statement and exp ...

Question you have just been hired by a company to evaluate

Question: You have just been hired by a company to evaluate the way the company treats its employees, suppliers, and customers. Create an analysis of the ethical theories the company would want to use to show the employe ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As