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- Is it appropriate to evaluate a healthcare intervention using various methods of economic evaluation or should we choose one primary method that best fits the analysis?Medicare recipients can purchase supplemental private insurance (known as Medigap insurance) to fill the gap in coverage left by Medicare. This gap includes copayments, deductibles, and prescription drug expenses not covered by Medicare. Several years ago, the government enacted regulations that specify minimum standards for items that Medigap policies must cover. This made the policies more expensive, and as a consequence, about 25 percent of the elderly who would have purchased some Medi-gap insurance purchased none at all [Finkelstein, 2004]. Consider an individual who consumes two goods, "insurance" and "all other goods." The cost of a unit of Medigap insurance is $1, as is the cost of a unit of all other goods. Sketch a budget constraint and set of indifference curves that are consistent with the following scenario: In an unregulated market, an individual with a $30,000 income purchases $5,000 worth of Medigap insurance. The government then puts mandates on Medigap policies that…Employer-provided private health insurance in the United States has resulted in: A. incentives that encourage the overuse of health care.B. incentives that discourage the use of health care, and overall poorer health.C. lower costs of health care as providers better achieve economies of scale.D. comprehensive coverage of the U.S. population, with few lacking access to adequate health care.
- A typical supply curve shows that an increase in the price of a good will cause producers to decrease the quantity they supply. a) True ( b) False The unemployment rate measures individuals 16 years of age and older without jobs who are actively seeking employment. ( a) True ( b) False It is important that any government examine multiple measures of its own economic health, rather than relying on simply one or two dimensions. () a) True ) b) FalseInsurance coverage has been shown to diminish the importance of time in the decision about how much medical care to seek and which providers to use. True OR FalseThe size of private health insurance premiums depends on all of the following except prices. expected utilization volume. administrative costs. profit margin. number of carve-outs in a plan.
- Public health strategies aim to prevent or reduce the prevalence of type 2. Provide exmaples backed with data of these stragies having a effect int he past 10-20 years. provide a few public helath stragies that have been effective in the uk and and few that have not been effective. Same for the USA and Austriala examples and weatehr if they have been effective or notWith the use of relevant examples, critically examine four economic principles that are essential to the study of Health Economics.How do economic evaluations in Healthcare inform policy and other decision makers
- According to Finkelstein et al. (2003), approximately what portion of national medical spending is directed toward the treatment of conditions attributed to obesity? A. One-eighth B. One-sixth C. One-quarter D. One-third E. One-halfHow can extensive government intervention influence health economicsThe biggest difference between the United States and Beveridge OR Bismarck counties’ health systems is: a. The US has longer life expectancy for higher income people b. The US permits/tolerates tens of millions of its citizens to be uninsured c. The US does more health technology assessment before utilization than other countries d. The US enjoys spending a higher percentage of its GDP on health care, it is a voluntary choice that reflects preferences for health care over other goods and services