Ability to communicate the economics of asymmetric information creating hard choices. Ability to understand policy dilemma. Ability to understand controls for moral hazard and the role of cost-effectiveness analysis. Ability to understand how regulation of various health markets is approached and why. Ability to address the difference in the Bismarck, Beveridge, and US models and the problems differently. Briefly describe how three example countries approach the issues of importance which are 1) Insurance provision (and addressing adverse selection) 2) Health care provision (and addressing arms races, monopoly, innovation, access, costs, and supply) 3) Rationing (and addressing access, moral hazard, costs, and winners and losers in each instance). For instance, if you are looking at England, Germany, and the U.S., section one would contrast how insurance provision differs among them and the tradeoffs; section two on provision; section three on rationing.
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