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Economic Indicators and Health Care

Economic Indicators and Health Care. Sick Around America. Facts. GDP=Final value of all goods and services produced in country in one year. GDP Formula= Consumption+Investment+Government Spending+ Net Exports (Exports-Imports) C+I+G+X. Sick Around America Questions Day One.

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Economic Indicators and Health Care

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  1. Economic Indicators and Health Care Sick Around America

  2. Facts • GDP=Final value of all goods and services produced in country in one year. • GDP Formula= Consumption+Investment+Government Spending+ Net Exports (Exports-Imports) • C+I+G+X

  3. Sick Around America QuestionsDay One Watch the videoChapter 1 and 2 up until 15 min 20 sec. • 1. What are the FOUR health care insurance options American’s can choose from? • 2. How much of GDP is spent on health care? • 3. What are the strengths of employer based health care? • 4. What are the weaknesses of employer based health care? http://www.pbs.org/wgbh/pages/frontline/sickaroundamerica/view/

  4. Sick around americaDay Two • Business Cycle-Fluctuations that occur when a country’s GDP is plotted over time. It includes five parts: • Expansion-economy is growing • Peak-economic growth maxes out • Contraction-economic growth slows—also known as recession—characterized by rising unemployment. • Trough-economy hits its low point of contraction • Recovery-economic growth is occurring but still below previous peak in terms of value.

  5. Sick around america The Theory

  6. Sick around america • The Reality

  7. Sick around the world • Depression- a severe recessionary period. The Great Depression of 1929-1941 in the US saw 20+% unemployment at its worst point. • Unemployed- • 16 or older • Able to work • Willing to work • Non-institutionalized • Non Military • No job, seeking work

  8. Sick around the worldVideo Questions, Part Two • Watch video: 15 min to 18:25 and 29:30-40:00 • 1. Employer based healthcare works great if it is easy to find a job. What other solution might work besides employer based health care? • 2. What are the difficulties a sick person faces in a system that does not guarantee coverage no matter your background? • 3. Why do some sick people have to forego their dreams even though they can work? • 4. If you live below the poverty threshold, you can get Medicaid. What is the poverty threshold?

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