Explain which factors (e.g., price and/or performance measures) were most important to your choice of plan and how you derived the weights for each factor you used.
Consider the four health plans below with an eye to choosing oneto offer to the company’s employees. Assume that the health plansand their annual per employee premiums are as follows:Health Plan Premium, Individual Premium, Family Aetna Health$4,555 $11,428 MetroPlus $4,267 $10,540 Empire $4,217 $10,767Oxford $6,029 $13,417 The employer will pay 80% of the premium forindividual coverage, and the employee will pay the remaining 20% aswell as the entire additional premium for family coverage. (Thepremiums listed above, while realistic in magnitude, arehypothetical and computed solely for the purpose of this project.)All of the plans are managed care plans. Assume that the benefitpackage is the same across all plans, so there is no differencebetween them in what services are covered. In addition to the abovedata, click here to view and investigate the Online Report onQuality Performance Results in New York State, the latest reportcard issued by the New York State Department of Health, 2013, andincorporate the information into your evaluation. You can view thevarious categories of measures on which health plans are rated(e.g., Access to Care, Adult Living with Illness, etc.). Click eachlink for a summary chart that presents the performance (usually asa percentage score) of each plan in the group on the relevantmeasures and how each plan compares to regional and statewidescores. Submit a 2-page analysis in a Microsoft Word document thatoutlines the plan you selected and why. Generally, you would selectthe plan with the highest score, but if you chose a plan with alower score, explain why. Include the following elements in youranalysis: • Explain which factors (e.g., price and/or performancemeasures) were most important to your choice of plan and how youderived the weights for each factor you used. • Indicate, on ascale of 1 to 10, how comfortable or confident you are that youmade the right choice, with 10 being most confident. Part II Youneed to use the multiattribute utility (MAU) technique to respondto the following questions. Although the technique can be performedwith pencil and paper, it is recommended you use a Microsoft Excelto do the various calculations involved. Click the following linksto access the information on using the MAU technique: • MAU Model •MAU Example • Compare your level of confidence at the time youcompleted Part I to your confidence level for Part II, when youused this decision aid. • Was it helpful? What were its advantagesand disadvantages? Did it make the decision harder to make oreasier to justify? Support your responses with examples. Cite anysources in APA format.
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