Consumers and Demand

Provide a short hypothetical description ofa health care consumerand alternativehealth care treatment optionsthey face. (This might be about a consumer needing an intervention or procedure, a consumer with a chronic condition or a consumer with an acute illness).

1.Describe the options the consumer faces with respect to treatment and access to alternative health care options.

2.For each option provide an estimate of the price the consumer faces.

3.What impact do you think that price will have on the consumer's choice of treatment?

4.Estimate and describe the total out-of-pocket expenses the consumer will face - this will include the price of eachoption (from Question 2) but also any other expenses that the consumer will incur if they choose eachoption.

5.What factors (other than price) are likely to influence the consumer's demand for the treatment of the condition you have chosen?

6.Which treatment option do you think your will consumer choose? And why?