Assignment:
Case Study: Changing Consumer Information
Consumer protection is strongly regulated in business through the consumer protection agency and other government regulations. In healthcare, government regulations also serve multiple purposes with regard to consumers (or patients) in protecting their interest or as a means of educating the public. At one point, everyone may have difficulty making health care decisions or may not know when to seek care. Practice-based, holistic, and experimental medicine is made available to patients, however, even scientific data may fall short to prove what decisions may be best for you or your family.
Providers may offer incentives, recommendations, referrals, or other information to assist with those decisions, nonetheless the burden falls on the patient. What may be best for one may not be best for another. Consumers as patients also tend to ignore good and bad advice when unable to distinguish between the two. This activity will explore consumer inexperience (aka. ignorance), and how market outcomes using data can assist in the decisions consumers will ultimately need to make at some point in their lifetime.
Begin by reading Case Study in your Lee textbook.
Then, compose a two-page case study report following APA format, which includes a title and reference page. You must cite and reference the Lee textbook locate and include at least two additional scholarly resources from the readings or from your own research in the Excelsior Library.
In your case study composition, include evidence on how one can be influenced by market outcomes and encompass the answers to the following questions into your paper in a narrative format (Q & A format is not acceptable):
• What evidence can you find that report cards have improved quality?
• By what mechanisms could report cards improve reported market outcomes?
• Does the scarcity of scientific evidence on effectiveness of report cards matter?
• Could publication of performance data be advantageous to hospitals or physicians?
• How do report cards address information asymmetries?
• Would reducing information asymmetries guarantee better markets?
• Does it matter whether governments or private organizations produce report cards?
• Why are a few patient switches enough to influence market outcomes?
Attachment:- Case-Changing Consumer Information.rar