Indicate whether the statement is true or false, and justify your answer.The fact that practicing surgeons who have finished residency earn more than practicing pediatricians implies that the rate of return of choosing surgery exceeds the rate of return of choosing pediatrics for a medical school graduate.

Indicate whether the statement is true or false, and justify your answer.The fact that practicing surgeons who have finished residency earn more than practicing pediatricians implies that the rate of return of choosing surgery exceeds the rate of return of choosing pediatrics for a medical school graduate.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter6: Population Health

Section: Chapter Questions

Problem 9QAP

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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 major premise of the Rothschild–Stiglitz model is that there is a perfectly competitive market for health insurance. Suppose instead that the market is not perfectly competitive, and in fact competitor firms have a hard time entering the market. Could a pooling equilibrium occur in this case? What is it about competition that prevents pooling in the Rothschild–Stiglitz model? No formal proof is necessary, but do make your reasoning clear. Evaluate the following statement: competition in health insurance markets is harmful.
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.
One major premise of the Rothschild-Stiglitz (RS) model is that there is a perfectly competitive market for health insurance. Suppose instead that the market is not perfectly competitive, and in fact competitor ﬁrms have a hard time entering the market. Could a pooling equilibrium occur in this case? What is it about competition that prevents pooling in the RS model? No formal proof is necessary, but do make your reasoning clear. Evaluate the following statement: competition in health insurance markets is harmful.
Indicate whether the statement is true or false, and justify your answer.While obesity generally results in higher per-year medical costs, obese individuals do not typically have higher average lifetime medical costs than non-obese individuals because they do not live as long.
Indicate whether the statement is true or false, and justify your answer.In real life, investments in health can generate long-lasting benefits, but the Grossman model neglects this aspect of health.
Indicate whether the statement is true or false, and justify your answer.The thrifty phenotype hypothesis states that early-life events after birth have a strong influence on health status even in adulthood.
Which statement about the individual health insurance market in the U.S. is correct? Question options: 1) Among the non-elderly with private health insurance, about one-third now purchase it in the individual market 2) Individual market enrollment increased with implementation of the Affordable Care Act in 2014, but it has declined in every year since 3) According to data from the Kaiser Family Foundation, On-Exchange enrollment has been roughly constant (varied by less than 1 million) since 2015 4) According to data from the Kaiser Family Foundation, Off-Exchange enrollment has grown relative to On-Exchange since 2015
Which of the following is NOT true? Group of answer choices On average, most costs of medical school are covered by student tuition Most who get accepted into a medical school attend one. Most who attend medical school graduate Most who graduate medical school go into a residency program
Define rate-of-return relative to medical school education.
Indicate whether the statement is true or false, and justify your answer.Results from the Oregon Medicaid Experiment suggest that having health insurance has a positive impact on health status.
The following is an excerpt from "The Labor Market Effects of Rising Health Insurance Premiums," by Katherine Baicker, Amitabh Chandra. If workers in a certain sector of the economy or those who are married are systematically more likely to have different levels of unobservable characteristics that affect health insurance premiums, then such a correlation is possible. This problem is identical to the standard endogeneity problem in program evaluation, where receipt of the treatment is correlated with unobservable characteristics of the person receiving treatment. A solution to this problem is to instrument for imputed premiums using variables that are uncorrelated with εi and mi but are correlated with imputed health insurance premiums. In our analysis we use state‐level, per‐capita medical malpractice payments as an instrument for imputed premiums. In other words, in order for malpractice payments to be a valid instrument for health insurance premiums, it must be the case that…