How does third-party payment distort the market for health care?
How does third-party payment distort the market for health care? 2) If it is so distorted why does every wealthy country insist on using third-party intermediaries to purchase health care? 3) Why do we carve out a separate payment program for our elder citizens?Part 21) In what way does managed care actually manage cost? 2) Does it do so without diminishing the quality of care? If so, how does it accomplish this?Part 3 For the case scenario:1) Discuss the standard(s) of care that the parties will be held to in this case. 2) How will the standards of care and the Nurse Practice Act for your state (Florida) be applied in a court of law if the case is sued?Case ScenarioSK, age 61, was admitted to the hospital. Because of understaffing of nurses in the hospital, her assigned RN did not assess her often enough and did not monitor her oxygen level.SK went to the hospital with what she thought was a bad cold, and was admitted with a diagnosis of pneumonia. Following admission, she became increasingly feverish and short of breath, but her family’s calls for help went unanswered. In fact, her daughter was unable to find anyone when she went to the nurses’ station looking for help