environmental kuznets curve
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The Environmental Kuznets Curve

The Kuznets curve is an inverted U curve, with the Y-axis as inequality and time or per-capita incomes as the X-axis. It is used to graph the hypothesis that as an economy develops, market forces begin to increase and economic inequality decreases. This suggests that as a nation is going through industrialization, and mechanization of…

The Sharing Economy
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Introduction to the Sharing Economy

The concept of a sharing economy is engraved in our human instinct. Cooperative structures that include sharing, individual choices, gifting and swapping are a basic part of any community.However, it being adopted as a business structure is relatively new, and the term “sharing economy” has only recently come about in the mid-2000s. It mainly spread due…

Introduction to Pharmacoeconomics
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Introduction to Pharmacoeconomics

Medications are the most widely used clinical intervention. The U.S. spends more on medications per capita than any other country but hasn’t been able to show better outcomes. Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. It is a sub-discipline of health economics. To…

health insurance
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Health Insurance (Pre-ACA)

Before the Affordable Care Act, there were three types of private health insurance markets, which were regulated by the state. There were the large groups, small groups, and individuals. Large Groups – Most large employers do not buy their own health insurance, they are self-insured and employ insurance companies to be their administrators. Small Groups –…

medicaid
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The Complete Guide to Medicaid

The Medicaid program was created through the Social Security Amendments of 1965, which added Title XIX to the Social Security Act. The Medicaid program was considered to be an afterthought when Medicare was drafted but today the Medicaid program is bigger than Medicare, and with Affordable Care Act, it has become even bigger. Like food stamp programs,…

medicare advantage
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Everything You Need to Know About Medicare Advantage

The US promoted Health Maintenance Organizations (HMOs) and people wanted HMOs to be a part of the Medicare program. Through the HMO Act, employers with 50 or more employees were required to offer HMO plans. Then the Center for Medicare & Medicaid Services (CMS) decided to demonstrate HMO plans for Medicare patients. These private plans take…

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