In the context of implementing a program budgeting and marginal analysis (PBMA) exercise, the following information on two programs of care, A and B has been determined within the health care budget: Programme A Program B Marginal cost £350 £400 Marginal benefits (Healthy Years) 12 18 Calculate MB/MC and explain the interpretation of these ratio.
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In the context of implementing a program budgeting and marginal analysis (PBMA) exercise, the following information on two programs of care, A and B has been determined within the health care budget:
Programme A |
Program B |
|
Marginal cost |
£350 |
£400 |
Marginal benefits (Healthy Years) |
12 |
18 |
- Calculate MB/MC and explain the interpretation of these ratio.
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- Which of the following would encourage consumers to economize on health care expenditures and producers to supply health care services more efficiently? Group of answer choices Decreased reliance on the purchase of catastrophic health insurance coverage and greater reliance on insurance with first-dollar coverage and small co-payments. An increase in the share of health care costs paid for by the consumer either directly or from a health savings account. Decreased reliance on personal health savings accounts and health care expenditures from the accounts. The establishment of a national health care system that would provide health care services to people free of charge.Which of the following best describes the term annual health insurance deductible? A. the amount that is deducted from your paycheck each year to pay for your policy O B . the amount that you can subtract from your yearly tax return if you provide evidence of continuous health insurance coverage over the past 12 months C. The amount you pay for covered health care services before your insurance plan starts to pay. D. none of the aboveThe 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.
- . Define input pricing. 2. Define derived demand. 3. Define resource-based relative value scale (RBRVS). 4. Define physician-induced demand. 5. Define rate-of-return relative to medical school education.Describe key points (with clear justification) that you would use to encourage a cohort of farmers and a cohort of employers of several electricity distribution companies to join an appropriate health insurance scheme.Suppose Jay has been experiencing back pain, and has four options for treatment. (Table 14.6) Plot these four treatments on cost–pain reduction axes. Create a cost-effectiveness frontier by connecting potentially cost-effective treatments. Assume that indifffference curves in this space are linear. Interpret this assumption.
- The fact that most medical care purchases are financed through insurance: a. has no effect on health care consumption because aggregate costs are the same regardless of payment method. b. reduces the amount of health care consumed by raising the price of additional units of care. c.has decreased health care costs and therefore reduced aggregate health care expenditures. d. increases the amount of health care consumed by reducing the price of additional units of care.One of these is NOT TRUE about Cost-utility analysis: a. It measures outcomes in Quality Adjusted Life Years (QALY), and Disability Adjusted Life Years (DALYs) b. Cost is measured in monetary units c. The limitation of this analysis is that it is difficult to compare the interventions with differing natural effects d. It is used to make policy level decisionsEmployer-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.
- As the newly appointed public health director in your county of residence, you are charged with increasing the healthcare utilization in your county. Document your high-level strategic plan by responding to the following: Summary: Who are the stakeholders in this situation?Analysis: What factors may impact the increase or decrease in health services supply and demand in your county?Recommendations: Provide an example of a supply and demand curve to describe the healthcare utilization in your county.Ensure that you integrate economic terms, frameworks, and models throughout your review.Gender is one of the best predictors of health services use. True or False Healthcare demand is consistnely nonelastic due to the fact that is relates to biological factors. True or False A population based approach depends on accurate and timely population estimates and projections as well as accurate and timely utilization rates. True or False The most effective way to develop a consumer profile is to gather psychographic data without controlling for geographic data. True or FalseDue to an increased number of patients seeking covid-19 tests and counselling, the clinic and the counselling centre at the hospital was converted to provide both health screening services and counselling services. Using all of its staff, the clinic can screen a maximum of 10 persons or it can counsel 6 persons. Using all of its staff, the counselling centre can screen a maximum of 6 persons or counsel 12 persons. Explain who has the absoulte advantage in health screening and who has the absoulte advantage in counselling services. Also explain who has the comparative advantage in health screening and who has the compartive advantage in counselling services. What is the opportunity cost of counselling services?