Role of Government in Healthcare/How Government Influence Sunnydale Similarities between Monopoly, Perfect Competition and Oligopoly

Importance of Government Involvement with Health Care Entities at the Local, State, and Federal Levels

Structure, Conduct, and Performance Paradigm As It Relates To Health Care

Implications of the Sherman Antitrust Act on Sunnydale Care

Overview of the Structure and Operation of Medicare and Medicaid

Services That Each Cover

Coverage Establishment

Funding Differences

Benefits and challenges of government involvement at Sunnydale Care

Similarities between Monopoly, Perfect Competition and Oligopoly

Monopoly and perfect competition

Both perfect competition firms and monopolies face similar production and cost factors. Both also are in the business of maximizing profit. Both have the potential of earning super-profits but in the long-term they would only achieve normal profits (Boundless, 2015).

Perfect Competition and Oligopoly

In both these is more than one firm in the market competing with the others and no single firm has monopoly status. In both cases companies need to market their goods and services so as to increase their sales, although marketing plays a more significant role in oligopolistic markets (Blurtit, 2015).

Monopoly and Oligopoly

Both oligopolies and monopolies are made up of large companies. These companies hold significant market control over specific goods and services over which they have copyright (Ladyheart123, 2008).

Importance of Government Involvement with Health Care Entities at the Local, State, and Federal Levels

Local level

The moment that local officials are not involved from the initial stages of planning for the implementation of healthcare reforms, unnecessary problems and delays may occur, with detrimental effects on individuals who depend on the local healthcare services (U.S. Advisory Commission on Intergovernmental Relations, 1994).

State level

It would also provide information on identification of market power, entry-exit, merger analysis, pricing and technological changes (Edward et al., 2005).
Implications of the Sherman Antitrust Act on Sunnydale Care

The act would have a huge impact on Sunnydale care, since it is based on the notion that free trade benefits the national economy, consumers and businesses alike and thus it disallows monopolization and quite a number of restrictions on trade such as contractual agreements between seller and buyers, competitor agreements, and the pursuit of monopoly power (West Group, 2015).

Overview of the Structure and Operation of Medicare and Medicaid

Medicare

As part of the amendments to the Social Security Act in 1965, a health insurance program was established the elderly to complement disability, survivors, and retirement benefits under title XVIII of the Act which then became commonly known as Medicare (Klees et al., 2010)

Medicaid

The social security act in title XIX establishes an entitlement program that covers medical assistance for people with low income. Also known as Medicaid, this entitlement program is the single largest source of finance for healthcare services for the poorest people in the United States. Within the guidelines established by the federal government, states come up with their own standards…