fromWaxman, K. T. & Knighten, M. L. (2023). Financial and business management for the Doctor of Nursing Practice

Chapter 1: The Economic Context of Nursing Practice in the United States:

1). In 2011, a surplus of registered nurses was reported in many parts of California (Bates et al., 2011). Identify possible explanations of the emergence of a surplus. What might have changed in the labor market? How can you depict this in a chart? What changes would switch the labor market to reflect a nursing shortage in the future?

2). Medicare rules pay NPs 85% of the fee paid to physicians for ambulatory care. NP professional organizations are lobbying for equal reimbursement. What implications would that have? How might such a change affect the quality of care? Access? Costs?

3). A growing share of health insurance plans have high deductibles, so that an individual must spend up to $6,450 before insurance begins to pay for services. What problem(s) are these insurance plans trying to solve? Answer this question using economic terminology related to health insurance. For what reasons might these plans be successful? In what ways might these plans backfire?