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You are the economics advisor to U.S. Senator. Senator is interested in sponsoring legislation to address influence of rapidly rising medical costs, and has commissioned you to prepare briefing paper on subject. You know medical costs have risen faster than other consumer costs over past decade, and make decision to use indifference curve analysis to show how cost changes have impacted Senator's constituents.

prepare Topic Paper as if it were briefing paper you will deliver to Senator. In it:

show and document trends in medical costs
suppose Senator is not economist and is not familiar with indifference curve analysis
give some legislative suggestions to Senator which use your economic knowledge

Business Management, Management Studies

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