Question

Question 3: If fewer high school graduates pursue a career in Health Informatics Administration (HIMS) and Health Care Administration (HCAD), what effects will this have on healthcare markets?

( full answer but Brief within 12 line )

Answer 1

If fewer high school graduates pursue a career in Health Informatics Administration (HIMS) and Health Care Administration (HCAD), what happens is that less high school graduates actually reduce the supply of the administration department in the healthcare segment which reduces the efficiency and the quality of work as a result of which cost for the people go very high which is something not desired and therefore the healthcare cost increase can be a burden to lot of people because healthcare is something a necessity good on the whole

The result of which there would be a lot of pressure on the government to increase the spending and tackle the health care issues so that Government spending increases with is the budget deficit increases and this can impact the whole economy as a result of which the tax rates can increase on the people