1. You are a manager for a regional health system. Using an estimate of the pric
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Question
1. You are a manager for a regional health system. Using an estimate of the price elasticity of demand of -0.25, how much will ambulatory visits change if you raise prices by 5 percent?
2. you estimate that the price elasticity of demand for clinic visit is -0.25. you anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per year. what is your forecast of the change in the number of visits?
3. A major employer has just added health insurance coverage for its employees. consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between -0.15 and -0.35. what is your forecast of the change in the number of visit?
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