Ramirez Guzman-Week 4-Summative Assessment- Government Intervention Analysis

11. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university in Arizona, and Simone, an economist from a nonprofit organization on the West Coast, are arguing over health insurance. The following dialogue shows an excerpt from their debate: Simone: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. Rajiv: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. Simone: I disagree. I think government funding of health insurance is useful to ensure basic fairness. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Having a single income tax rate would improve economic performance. O Rent ceilings reduce the quantity and quality of available housing. O…

Discuss and carefully evaluate the health sector reform The Patient Protection and Affordable Care Act by briefly discussing the nature of the health sector reform project. Identify and briefly discuss three lessons learnt from this health sector reform.

Please no written by hand Regarding the paper: How and why US health care differs from that in other OECD countries by Victor R. Fuchs In 6-12 paragraphs, explain three (or more) reasons the paper is or may be correct and three (or more) reasons the paper may be wrong. For each reason pro and con, give a counter argument. For one pro counterargument and one con counter argument, give a counter-counter argument. That is, you should have three pros, three counters to pros, and one counter-counter to one of the counter arguments to the pros. Same with cons: three cons, three counters, and one counter-counter.You answers should be based in economic reasoning and refer to the concepts of class such as utility, theory of insurance, cost-effectiveness, adverse selection, moral hazard, stake-holders and social movements, etc. Your answers should give details for each pro, con, and counter such that the reader will understand what each point means and why it is important.

Discuss which of the following types of technological change in health care likely to be cost increasing:   I. threats of malpractice suits that cause physicians to order more diagnostic tests on average for a given set of patients symptoms   ii) a new computer-assisted scanning device that enables physicians to take much more detailed picture of the brain   iii) the introduction of penicillin earlier in this century   iv) greater emphasis on preventive care   v) the threat of Covid-19 virus

How would functionalists, conflict theorists and symbolic interactionists suggest that health care delivery might be improved in the USA?

Using appropriate graphs and mathematical expression, briefly discuss onemacroeconomic view of health spending.

Which of the following is the most accurate statement regarding the problem with using life expectancy as a measure of health? Though there used to be a strong relationship between income and life expectancy, these differences have all but disappeared with the spread of modern medicine to even the poorest countries. Increases in life expectancy in both developed and developing countries are driven by improvements in old- age health, so we do not get an accurate picture of child mortality. Life expectancy gives you the average for a country, but overlooks significant differences between groups within countries. Cross country differences in life expectancy at birth are much smaller than differences in life expectancy at age 15 since there are such large differences in old-age health across countries.

According to the Organisation for Economic Co-operation and Development (OECD) the United States has a ranking in the bottom half of the OECD countries. Why is the ranking of the United States lower than half of the OECD countries, yet the United States spends more on healthcare than all other countries? Be sure to justify your response with data and not just your opinion.

The graph below shows the market for medical services in a country. Initially, there is no government health care system and the price per unit is 200 TL. Then the government decides to provide health care program in which the citizens pay only 40 TL for any medical acre they take. Government’s total health care expenditure is ………………. Citizens’ total health care expenditure after government health care program is ………. The amount of deadweight loss due to government health care program is …………………

Dana’s lives in a country where health care is publicly funded, available to all of its citizens, provided by private providers. Dana lives in a country which uses   Universal healthcare   Market-driven healthcare   Optimization healthcare   Socialized healthcare

Which of the below statements is CORRECT about U.S. Healthcare? Group of answer choices   The U.S. healthcare system is a combination of private and public (tax funded) healthcare systems   The U.S. does not have universal healthcare as some other developed economies do, and even after the 2010 Patient Protection and Affordable Care Act and its 2017 modified version (AHCA) about 16 million people living in the U.S. remain without healthcare coverage.   All of the other statements are correct about U.S. healthcare.   The U.S. has the most expensive healthcare is the most expensive in the world..   U.S. has some of the world’s best healthcare available – for those who can afford it, or for those who have good health insurance.

1. What was the goal of the Affordable Care Act? Briefly describe each of the three key components of the ACA with 1-2 sentences each. 2. True or False (and why): Recessions are good for your health. 3. In the framework of the Grossman model, suppose there is an increase in the return in alternate non-health market investments. Draw what happens to the MEC curve and the optimal level of health. Explain intuitively why this might be the case in reality.

The following is the abstract from the paper, "The Impact of Health Insurance on Preventive Care and Health Behaviors: Evidence from the First Two Years of the ACA Medicaid Expansions," by Simon, Soni, Cawley (2017). The U.S. population receives suboptimal levels of preventive care and has a high prevalence of risky health behaviors. One goal of the Affordable Care Act (ACA) was to increase preventive care and improve health behaviors by expanding access to health insurance. This paper estimates how the ACA-facilitated state-level expansions of Medicaid in 2014 affected these outcomes. Using data from the Behavioral Risk Factor Surveillance System, and a difference-in-differences model that compares states that did and did not expand Medicaid, we examine the impact of the expansions on preventive care (e.g., dental visits, immunizations, mammograms, cancer screenings), risky health behaviors (e.g., smoking, heavy drinking, lack of exercise, obesity), and self-assessed health. We find…

Discuss the probable consequences of government regulation and market competition on the operation and performance of the health care industry. Question - Which of the following is not a basic question that must be answered as a result of scarcity? a. Who should decide the amount of money spent on medical goods and services?* b. Who should receive the medical goods and services that are produced? c. What mix of nonmedical and medical goods and services should be produced in the macroeconomy? d. What specific health care resources should be used to produce the chosen medical goods and services? e. What mix of medical goods and services should be produced in the health economy?

What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share.  Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan  There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…

Use the following graph to answer the next three questions. Health of Population A Point A Point D Point B Which point on the graph best represents a country that has a very large health care infrastructure and where an increased quantity of health care would initially deliver almost no marginal benefit? Point E B Point C D Quantity of Medical Care Health

N8   How does Brockie et al. connect ACEs, epigenetics, and health disparities for Native Americans? one paragraph