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Analyze the financial and economic context of your selected health care policy.
Select areas for evaluation from the following list below. (Note: you do not have to address all of them. It is just an example to guide the focus of your paper. Include only those relevant to your topic.)
The most common economic criteria are costs. These may include:
borrowing costs–the costs of borrowing funds
direct costs–directly attributable to the policy alternative
indirect costs–additional impacts not included in the goals
intangible costs–costs that cannot be counted or quantified
monetarizable costs–can be expressed in dollars
one-time fixed costs–new capital expenditures, equipment, training, etc.
operations and maintenance costs–ongoing costs of the alternative
opportunity costs–other things that could have been done with the same resources instead
tangible costs–can be counted and quantified
direct benefits–directly attributable to the policy alternative
indirect benefits–additional benefits not included in the goals
intangible benefits–benefits that cannot be counted or quantified
one-time benefits–one-time reduction in the problem
ongoing benefits–continuing decreases in the problem
tangible benefits–can be counted and quantified
Include an analysis of the costs of the various policy solutions and the primary funding sources.
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