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You have been dispatched to a pool party for a 19-year-old male with shoulder pain. He states that he dove off the diving board and hit the bottom of the pool with his right shoulder and back. Although there is alcohol at the party, he has not been drinking. He is alert and oriented and has obvious redness and abrasions to his right shoulder, neck, and back. He denies pain or discomfort to any other part of the body. Your next action would be to:
Health Costs
Expenses associated with maintaining, improving, or treating an individual’s health, including medical care, medication, and hospitalization.
Moral Hazard
Moral hazard occurs when one party in an agreement can take risks because the negative consequences of their actions will be borne by another party.
Expected Value
The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Health Care Costs
Refers to the expenses associated with medical services, including prevention, treatment, rehabilitation, and health maintenance.
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