Question

Project: what's your position? in late 2010, the institute of medicine, a research division of the non-profit national academies, published a report, the future of nursing: leading change. in this report, which spoke highly of the professionalism, dedication, and training of nurses — particularly advanced practice registered nurses — the report's authors suggested that nurses be provided the opportunity to expand their role in treating patients. the report suggests that nurse practitioners be granted the authority to practice to the extent of their training in every state:

Answer 1

The 2010 Institute of Medicine's report suggests increased practice authority for nurses, which, combined with expanded healthcare access, presents challenges in the nursing labor market. Economic analysis of supply and demand is crucial for managing these challenges.

Step-by-step explanation:

The Institute of Medicine's report from late 2010 which lauds the professionalism and dedication of nurses, suggests that nurse practitioners should be allowed to practice to the full extent of their training in every state. This recommendation comes against a backdrop where legislation that expands access to healthcare for millions has increased demand for healthcare services, thus impacting the labor market for nursing and other healthcare professionals. An economic analysis of the supply and demand within this market indicates that there will be several challenges to address, especially considering the availability and role expansion of nursing professionals.

To prepare for these challenges, a close examination of the potential shifts in supply and demand is essential. Understanding these dynamics can inform strategies to effectively manage the workforce and ensure that patient care needs are met efficiently and effectively amidst the increasing demands of the healthcare system.