What Problem Does This Selection Pose for Science, and Why

question 40

Essay

What problem does this selection pose for science, and why?

Understand the motivations behind, and the expected impacts of, health care reforms and policies on the health care system.

Understand the components and intentions behind the Patient Protection and Affordable Care Act (PPACA).

Identify the major funding sources for healthcare expenditures in the U.S.

Describe the impact of PPACA mandates on employers and individuals.

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Definitions:

Economic Questions

Fundamental inquiries regarding the allocation of scarce resources, including what, how, and for whom to produce.

Utilitarian Justice

A principle that seeks the greatest good for the greatest number of people in the distribution of resources and benefits.

Decreasing Marginal Utility

The phenomenon where each additional unit of a good or service consumed provides less satisfaction or utility than the previous unit.

Redistribution

The transfer of income, wealth, or property from some individuals to others through a social mechanism such as taxation, welfare, public services, etc.