Significant differences between hospitals in different markets

 

 

 

The dataset provides Herfindahl�Hirschman Index, and Herfindahl index categories, please use the herf_cat
variable and answer the following questions:
Note: �The Herfindahl�Hirschman Index is a commonly accepted measure of market concentration used by
antitrust enforcement agencies and scholars in the field. The HHI is calculated by squaring the market share of
each firm competing in the market and then summing the resulting numbers� (NASI, 2015; pp: 14-16). Read
more from here:
https://www.urban.org/sites/default/files/publication/50116/2000212-Addressing-Pricing-Power-in-Health-CareMarkets.pdf
For this exercise, you do not need to compute the HHI, but if you have any questions, please do not hesitate to
ask me, but try to learn more about this you will need that to report your findings.
Use the dataset from week1 exercise and then answer the following questions:
Compare the following information between hospitals located in high, moderate and low competitive markets?
(table 1)
What are the main significant differences between hospitals in different markets? (use ANOVA test)
Use the density curves and compare hospitals cost and revenues between three markets.
What is the impact of being in a high-competitive market on hospital revenues and cost? Do you think being in
a high-competitive market has a positive impact on net hospital benefits? What about the number of Medicare
and Medicaid discharge? Do you think hospitals in a higher completive market more likely to accept more
Medicare and Medicaid patients? What is the impact of other variables? Please discuss your findings in 1-2
paragraphs.
(Note: to answer to the last question, please compute the ratio-Medicare-discharge and ratio-Medicaiddischarge first and then run 2 t-tests) high vs. moderate and high vs. low competitive market), please support
your findings with box-plot).
Table 3. Comparing hospital characteristics and market, 2011 and 2012

 

Sample Solution

Why do Americans have to pay so much for health care? Often we are told it’s because of overutilization. But citizens in other countries like Germany see doctors more, spend more days in the hospital and undergo procedures at roughly similar rates while paying far less for health care and living longer. The U.S. actually deploys fewer health resources per capita than other OECD countries: fewer doctors and nurses, fewer medical school graduates, and fewer hospital beds. “It’s not that we’re getting more; it’s that we’re paying much more,” notes Gerard F. Anderson, a professor in the Johns Hopkins University Bloomberg School’s Department of Health Policy and Management.Rather than overutilization, inflated prices are what drive U.S. health costs so much higher than in other peer nations.

In Homer’s’ The Iliad, King Agamemnon can give instances of how not to be a compelling pioneer. Agamemnon depicts negative initiative abilities and poor basic leadership all through the story. Towards the start of the lyric, it gets clear to the peruser that Agamemnon is anything but an exceptionally kind man. In the primary book, the dad of a lady being held hostage by Agamemnon moved toward Agamemnon with a truly sensible solicitation just as payoff. Agamemnon not just denied the man, he taunted and affronted him. The reaction was cold and unjustifiable. I see Agamemnon’s choice to deny the man a poor initiative choice on two records. Initially, Agamemnon didn’t have a lot to lose in the circumstance. By tolerating the payoff he would diminish both the dad and girl just as enhance himself with the endowments he was advertised. As I would like to think, I accept a sufficient pioneer consistently has space in his/her heart for more prominent’s benefit of humankind. Agamemnon plainly depicted he is more intrigued by his status and personality than doing great for other people. What settled on his choice significantly increasingly less than ideal was that Agamemnon appeared to daze himself with narrow-mindedness. The man who mentioned for the sheltered return of his little girl happened to be a cleric to the god Apollo. Agamemnon knew this. He likewise may have realized that there would be ramifications for affronting a cleric of a divine being. Because of being denied and affronted the cleric (Chryses) argued Apollo to look for retribution upon Agamemnon. Before long, plague fell upon Agamemnon’s military, and proceeded for nine days. The plague brought about numerous dead Achaian troopers. Far more detestable, Agamemnon didn’t look for activity until his best warrior, Achilleus mentioned that he return the lady to her dad. By and by blinded by his very own wants, Agamemnon would possibly restore the lady on the off chance that we was repaid with another lady consequently. Achilleus volunteers his hostage lady to Agamemnon who acknowledges the arrangement. Agamemnon’s inevitable destruction – (not in reference to the Iliad) can be connected to numerous poor choices and faulty character qualities. Absence of responsibility is an attribute that would be unsafe to any pioneer. I think taking responsibility for one’s activities is an honorable go about just as an important represent a satisfactory pioneer to take. It tends to be seen that Agamemnon likes to censure others for his own disasters. When attempting to legitimize Achilleus relinquishing the Achaian armed force he expresses, “This is the word the Achaians have verbally expressed frequently against me and criticized me in it, yet I am not capable but rather Zeus is, and Destiny, and Erinys the fog strolling who in get together captured my heart in savage daydream on that day I myself took from the prize of Achilleus. However what might I be able to do? The god achieves all things.” Book 19. Without Achilleus’ arrival to the Achaian armed force, almost certainly, Agamemnon and the Achaian armed force would’ve been compelled to give up. In the same way as other pioneers ever, Agamemnon governed with an iron clench hand. In the wake of dissecting The Iliad, I would characterize Agamemnon as a ruler instead of a pioneer. Be that as it may, I would prefer not to ruin him altogether. Agamemnon had positive snapshots of administration. When driving his military into fight without the assistance of Achilleus he says, “Be men now, dear companions, and take up the core of mental fortitude, and have thought for one another in the solid experiences, since more come through alive when men think of each as other, and there is no magnificence when they give way, nor warcraft either.” Book 5 All altogether, I see Agamemnon as an egotistical ruler with little respect for the prosperity of his subjects. He’s more like a brutish dictator than a successful pioneer.

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