Indicate whether the statement is true or false, and justify your answer.Bismarck countries have all had universal insurance for at least 40 years.
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Indicate whether the statement is true or false, and justify your answer.
Bismarck countries have all had universal insurance for at least 40 years.
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- Indicate whether the statement is true or false, and justify your answer.Insurance represents a transfer of wealth from healthy states to sick states.Indicate whether the statement is true or false, and justify your answer.In an actuarially fair insurance contract, the insurance premium equals the probability of sickness times the payout amount.Indicate whether the statement is true or false, and justify your answer.Even though it is illegal for sickness funds to deny coverage to individuals, insurers still often engage in risk selection.
- Indicate whether each statement is true or false, and justify your answer.Beveridge countries typically feature single-payer insurance.Indicate whether the statement is true or false, and justify your answer.Even though health insurance is universal, citizens can choose whether or not they are insured.Indicate whether the statement is true, false, or unclear, and justify your answer.If a health insurance company could somehow monitor everything a customer does and thinks, it could create a full-insurance contract with no moral hazard.
- Indicate whether each statement is true or false, and justify your answer.Insurance mandates do little to combat the problem of adverse selection.Indicate whether each statement is true or false, and justify your answer.Health systems focused on promoting equity typically have purely private insurance markets.Indicate whether each statement is true or false, and justify your answer.If a medical screening technique is perfect at detecting a disease before it develops and is able to prevent the disease from occurring, it must be cost-effective.
- Indicate whether the statement is true, false, or unclear, and justify your answer.When the price elasticity of demand for health care is zero, health insurance coverage induces no moral hazard.Indicate whether the statement is true or false, and justify your answer.To date, no major health insurance experiment has studied the impact of uninsurance, just different levels of insurance.Indicate whether the statement is true, false, or unclear, and justify your answer.It would be easy for private health insurers to eliminate moral hazard by redesigning insurance contracts, but they are prevented from doing so by strict government regulations (at least in most developed countries).