Indicate whether the statement is true or false, and justify your answer.In employer-sponsored health insurance in the US, employers pay the largest share of the costs of health insurance.
Q: Indicate whether the statement is true or false, and justify your answer.Medicare Part D, which was…
A: Medicare Part D was created through the U.S. Medicare Prescription Drug, Improvement, and…
Q: Indicate whether the statement is true or false, and justify your answer.Under partial insurance,…
A: The given statement is false.
Q: Explain what is meant by the following sentence: “All Whole Life policies involve prefunding of…
A: Whole life insurance policies involve certain criteria that needs to be fulfilled by the consumer of…
Q: Indicate whether the statement is true or false, and justify your answer.Insurance represents a…
A: Under insurance, people pay the premium is healthy states because it is easy to compensate for…
Q: Indicate whether each statement is true or false, and justify your answer.Beveridge countries…
A: The given statement is true.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.An…
A: The given statement is false.
Q: Which of the following could lead to increases in health care expenditures? (Please choose all that…
A: In the healthcare market, the expenditure on healthcare services depends upon various demand factors…
Q: Indicate whether the statement is true or false, and justify your answer.Even though it is illegal…
A: True, because Bismarck companies are frequently making policies to contest risk selection.
Q: Indicate whether each statement is true or false, and justify your answer.Medical experts are ideal…
A: In the Healthy technology Assessment (HTA) more specifically is involved with the evaluation of an…
Q: 5 (True / False / Uncertain) The Comprehensive Care Physician Model aims to improve care by reducing…
A: In the United States, patients who require frequent hospitalization contribute for a…
Q: Indicate whether the statement is true or false, and justify your answer.The NHS internal market…
A: True, because such negotiation contracts were intended to help make hospital cheaper and more…
Q: Indicate whether the statement is true or false, and justify your answer.Sickness funds in Bismarck…
A: In a Bismarck model, the sickness funds are private not publicly administered and they are…
Q: Explain how an “individual mandate," where every resident of a country is required by law to…
A: Insurance is a way used by individuals and firms to prevent any event from having a huge detrimental…
Q: Indicate whether the statement is true or false, and justify your answer.One way that Bismarck…
A: True, because the uniform prices for care throughout the country it helps to control costs each…
Q: Compared with doctors who are paid on a fee-for-service basis by health insurers, doctors who are…
A: In the healthcare system, fee-for-service refers to the payment method in which physicians get a…
Q: Faustian health economics. Consider Figure 11.10, which shows the locus of feasible contracts for…
A: 1. In the Southeast area of the graph, the utility is the highest. But the problem with the…
Q: Indicate whether the statement is true or false, and justify your answer.In a typical Beveridge…
A: In a typical Beveridge system, patients must get a transfer from a general practitioner before they…
Q: Indicate whether each statement is true or false, and justify your answer.The cost-effectiveness…
A: The cost effectiveness frontier (CEF) treatment strategies for a condition are not conquered by any…
Q: Indicate whether each statement is true or false, and justify your answer.An ICER value indicates…
A: An ICER value (the incremental cost-effectiveness) is the ratio which is used as a decision making…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.When the price…
A: The given statement is true.
Q: Indicate whether the statement is true or false, and justify your answer.In an actuarially fair…
A: The given statement is true.
Q: Indicate whether the statement is true or false, and justify your answer.There were more hospitals…
A: True, because the part of this growth was prompted by the Hill – Burton act of 1946.
Q: Indicate whether the statement is true or false, and justify your answer.Universal health care in…
A: The doctors as well as the hospitals are privatized under the Bismarck countries whereas they will…
Q: (A positive) prevalence elasticity (of demand for self-protection) implies that when the prevalence…
A: Elasticity of demand refer to the responsiveness of the percentage change in quantity demanded to…
Q: Indicate whether the statement is true or false, and justify your answer.Having generous insurance…
A: The given statement is false.
Q: Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis is…
A: The given statement is false.
Q: In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical…
A: Direct-to-consumer(DTC): This term is used when the products are sell to the consumers directly that…
Q: Indicate whether each statement is true or false, and justify your answer.If health disparities…
A: The variations in income levels or priorities for unhealthy habits of the sub-populations of a…
Q: Indicate whether the statement is true or false, and justify your answer.For a given disease (with…
A: Solution- Need to be evaluate - Statement is true or false For a given disease (with all else…
Q: Indicate whether the statement is true or false, and justify your answer.In the RAND HIE, the arc…
A: Here the people are prices sensitive when it comes to further urgent health care. However, the arc…
Q: Would you support mandatory health insurance based on the evidence from the Oregan Health Insurance…
A: In the experiment, the entire Oregan Health Insurance experiment has bene considered with the…
Q: Indicate whether the statement is true or false, and justify your answer.To date, no major health…
A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…
Q: Indicate whether each statement is true or false, and justify your answer.A dominated treatment is…
A: In developed nations, spending made on health care has an increasingly important economic issue. The…
Q: Indicate whether the statement is true or false, and justify your answer.Nearly half of expenditures…
A: The cost of healthcare is comparatively high in country U as compared to other countries owing to…
Q: Indicate whether each statement is true or false, and justify your answer.Health systems focused on…
A: The cost of healthcare is comparatively high in country U as compared to other countries owing to…
Q: Assume throughout that an individual's demand curve for doctors visits is represented by Q = 50 – P.…
A: Market refers to the place where the buyers and sellers exchange goods and services in the market.…
Q: Indicate whether the statement is true or false, and justify your answer.Disproportionate spending…
A: Some disproportionate spending on EOL (end-of-life) care is worthless or wasteful, but in many other…
Q: Indicate whether the statement is true or false, and justify your answer.Unlike in the US, there are…
A: False
Q: An actuarially fair premium is set equal to the insurer's expected payout, assuming no admin-…
A: Due to asymmetrical information market failure can be arises as both parties do not have the same…
Q: Indicate whether each statement is true or false, and justify your answer.There are no out-of-pocket…
A: TRUE.
Q: Indicate whether the statement is true or false, and justify your answer.NICE conducts health…
A: The National Institute for Health and Care Excellence (NICE) role is to improvise the quality of…
Q: Indicate whether each statement is true or false, and justify your answer.Prospective payment…
A: Under prospective payments systems, the hospital charges a fixed price to the patient which differs…
Q: Indicate whether the statement is true or false, and justify your answer.The number of US medical…
A: The Flexner Report, written and published by Abraham Flexner in 1910 under the Carnegie Foundation,…
Q: The biggest difference between Beveridge- and Bismarck-style health systems is: a. Beveridge…
A: 1. The Beveridge model gives health care for all citizens and government finances it through tax…
Q: Describe the challenges that adverseselection and moral hazard pose for insurance.
A: The market failure occurs when there is asymmetric information. Asymmetric information is said to…
Q: Indicate whether the statement is true or false, and justify your answer.The thrifty phenotype…
A: The "thrifty phenotype" hypothesis proposes that poor health in adulthood is caused by economic…
Q: Indicate whether the statement is true or false, and justify your answer.The take-up rate of health…
A: The health insurance would result in the coverage of medical expenses for the individuals by a fixed…
Q: Indicate whether the statement is true or false, and justify your answer.Reducing mortality from one…
A: Mortality risk is the risk of death, which is used to indicate the mortality rate or the number of…
Indicate whether the statement is true or false, and justify your answer.
In employer-sponsored health insurance in the US, employers pay the largest share of the costs of health insurance.
Nominally true that many employers give a portion of health insurance premiums for their workers, in equilibrium the wages of workers returns the employer subsidy. The workers pay for their employer-sponsored health insurance plans, both through charged premiums and through lower wages.
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- 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.A primary cause of increasing uninsurance in the US over the past decade is that more employers are deciding to stop providing health insurance coverage entirely.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 each statement is true or false, and justify your answer.The goal of health policy is to maximize health, wealth, and equity.Indicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas results are proof that health is easier and/or cheaper to produce in some American cities than others.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 or false, and justify your answer. Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on health care.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 or false, and justify your answer.Compared with doctors who are paid on a fee-for-service basis by health insurers, doctors who are paid on a capitated (per-patient) basis have incentives to provide too much care.
- 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 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 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.