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010710 Econ Health Care 50m
1. Good Day! DRAW A LINE SEPARATING TODAY & YESTERDAY 1) Write: Date: 01/07/10 , Topic: Health Care 2) On the next line, write “ Opener #2 ” and then: 1) Plot your mood, reflect in 1 sent . 2) Respond to the opener by writing at least 2 sentences about : Your opinions/thoughts OR/AND Questions sparked by the clip OR/AND Summary of the clip OR/AND Other things going on in the news. Announcements: None Intro Music: Sky Beneath
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3. Agenda 1) Health Care Case Study (as an intro to “What is Economics”) What you will be able to do: 1) Which economic system is best? Reminder 1) Print/Design Checks 1) First Day Forms
4. Ways to Make Chiang Money 1) Better job 2) Spend less 3) Make $ on stock market (nx week) 4) Sell “legal” things to classmates (Fri: marketplace, study notes, BUT you cannot sell homework/projects . Can I borrow money: Eventually, the banks will loan money (desk cost about 20x rent)
5. Work #2a , “ Initial Assembly Bills ” Before the governor (Mr Chiang) signs the bills, he wants the voters input. 1) How capitalist, socialist, or communist are the current bills that are proposed? 2) Would you support or be against the real CA’s legislature, if it wrote laws with the same intents as conveyed in the bills before you? 3) What do you predict to be the long term pros/cons of this legislation? 4) What changes do you think should be made to the bills?
6. Work #2a , “ Uninsured Debate ” 1) Read the 2 sides, choose 1 side, and write which you choose and explain why . 2) Then write down what your partner thinks ( include their name at the end ). 1 2 3 4 5 CON: Don’t cover 1) Cost the gov money or cost businesses and taxpayers money, reducing profits, thus hurting global competitiveness. 2) Gov need to focus 1 st on controlling h.c. costs. PRO: Covering everyone 1) Covering everyone means a healthier workforce, so increased worker productivity, which means better global competiveness. 2) It’s morally right thing, ppl are suffering.
7. Health Insurance Only a fraction will get sick, so as long as the premiums will pay for that sick fraction and make a profit, the system works.
8. One of the most valued scarce resources: Health Care (Remember that scarcity is not just for objects, but for skills/services too). 1) $600 billion of federal spending, $2.4 trillion spending if including private 2) Family of 4 can cost biz $16k, worker paying $3k of that
9. Notes #2a , Title: “ Heath Care Notes ” 1) Health Care System a) Capitalist System: Those can afford buy private b) Light Socialist System (US): Gov uses taxes to provide health care for the poor kids + elderly i) Medic a id : Gov pays for health care for poor kids, parents, & few disabled ($200 billion/$1300) ii) Medi c are : Gov pays for health care for over 65 ($400 billion/$2600) 2) Full Socialist System : gov pays for all (single payer) OR Gov runs health care (nationalized) 3) H.C. Reform : a) All must get H.C. or fine b) expand Medicaid 150% + kids can stay in parents’ ins till 26 c) ins comps can’t deny coverage for pre-exist illnesses or set max payout
11. Medicaid and Medicare (Single Payer): In the H.C. debate, expansion of this is called the public option. Why old ppl? They don’t have income. (Why not just poor old ppl, excluding rich old ppl reduced political support. Why poor families? They are most vulnerable. Patient finds dr Dr bills for service Gov pays dr
14. Work #2b , “ Lifestyle Debate ” 1) Read the 2 sides, choose 1 side, and write which you choose and explain why . 2) Then write down what your partner thinks ( include their name at the end ). 1 2 3 4 5 CON: Ppl should not have to pay for their lifestyle 1) To penalize ones lifestyle like eating is to take away their freedom 2) This is a slippery slope, should the gov have the power to dictate your life? PRO: Ppl with dangerous lifestyles pay more 1) Unlike genetic illnesses, ppl have a choice not to smoke or eat unhealthily, so they should pay for that choice 2) Healthier patients is cheaper H.C. for all
15. Notes #2b , Title: “ Economics Notes ” 4) Private Health Care Terms a) Premium : What you pay regardless of usage b) Co-pay : What you pay per visit c) Deductible : What you pay b4 insurance pays d) Coverage/exculsions : What they will/will not cover e) HMO : Get all services from 1 comp (dr salaried) f) PPO : Get serv from list of private drs (drs bill PPO) g) POS : Mix of HMO/PPO h) Flex Account (125 Account) : Employer can set aside pre-tax dollars pay for health expenses (if you don’t use it up by end of year, it’s gone) i) Cobra : Lose job, temp pay to keep company h.c. (but pay full cost, so unemp often have no h.c.)
17. PPO (Private, profit or non-p) Patient finds dr Dr bills for service PPO pays dr
18. Review 1) Health Care Reform (3) : a) Control rising cost b) protect those with health care c) expand health care to uninsured (15% of US no H.C.) i) Public Option : Gov acts as health care provide, collecting premiums + paying for services (House bill has, Senate bill does not) ii) Abortion Issue : When gov helps ppl buy priv ins, can they have access to abortions? iii) Current Bill (in Conf Com, merging H+S Bill): a) All must get health care or pay fine, gov help pay for priv ins b) expand medicaid 150% + kids can stay in parents’ ins till 26 c) ins comps can’t deny coverage for pre-existing illnesses
19. Work #2c , “ Public Option Debate ” 1) Read the 2 sides, choose 1 side, and write which you choose and explain why . 2) Then write down what your partner thinks ( include their name at the end ). 1 2 3 4 5 CON: Gov Should Just Help Ppl Buy Priv H.C. 1) Priv H.C. can’t compete against gov, since if gov option is not profitable, gov will bail out 2) Gov will offer worse care, look at how the gov operates everywhere else PRO: Gov Needs to Provide Heath Care 1) Most states only have 1-2 major priv H.C. leading to little competition, gov can be like Post Of vs UPS/Fedex 2) Gov can offer cheaper care, b/c no profit focus
20. Work #2d , Title “ Global Health Care ” 1) Copy Source Title: Frontline 2…) Discuss questions on the board with a partner. Summarize your discussion ( include their name at the end ). Remember participation points are deducted if off task. 5 Reading/Film Qs Come From These Work Sections Time Bookmark: 00:00
22. Communist Grading System: Everyone’s grade is pooled into a community grade, and you receive an average of it. Socialist Grading System: Students with good grades get taxed, so a % can be transferred to poor performing students.
23. Work #2e , “ Debate: Capitalism vs Socialism ” 1) Read the 2 sides, choose 1 side, and write which you choose and explain why . 2) Then write down what your partner thinks ( include their name at the end ). 1 2 3 4 5 CON: Favor Socialism 1) Too hard for poor to get ahead without help 2) If gov provides all your survival needs, you can then focus on your work 3) Private businesses can operate fine outside the zone of public services PRO: Favor Capitalism 1) Without the fear of failure and reward of success, humans don’t work hard 2) More profits you can keep, the harder you work 3) Individuals are faster and more clever than gov
24. Selling Simulation: “Friday Marketplace” Many people get experience earning money at a job, fewer people experience earning money through their own business. Have fun with it! Market: Each Friday’s Market Takes Place in 2 Rounds (1 Seller Round, 1 Buyer Round) 1) Sellers and buyers negotiate prices. 2) Take home all items you brought/bought at the end of the marketplace. 3) Carefully store your money and eventually deposit in bank. 4) Buyers beware, things sold “as is”, sellers persuade them of the utility of your items. No illegal, non-school appropriate, offensive, living, rotting, broken, or potentially messy items allowed.
25. Work # , Title “ Marketplace ” Before the Simulation: 1) Write down your company name. Also write it on the small sign (marketing: you will improve upon this over time) After the Simulation: 2) Record your profits at end of the simulation 3) Reflect on what can be done better to increase business next time, focus on what products are in demand (not mean you can or want to supply it) and how marketing can be improved next time (branding+advertising). Remember, buyer beware!
26. Welcome to Economics Study of resource allocation: 1) What is produced? 2) How to produce it? 3) Who do we produce it for?
27. Homework: 1) Study today’s notes + work sections for a possible workbook quiz . 2) Design your checks due Friday. 3) Bring 1+ items for Friday Marketplace Workbook Check: If your name is called, drop off your workbook with Mr. Chiang ( if requested, points lost if your workbook is not turned in )