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Retrospective reimbursement provides financial incentives for medical care. a. efficient; inefficient O b. excessive; efficient c. insufficient; efficient O d. excessive; insufficient medical care; prospective reimbursement provides financial incentives for

Retrospective reimbursement provides financial incentives for medical care. a. efficient; inefficient O b. excessive; efficient c. insufficient; efficient O d. excessive; insufficient medical care; prospective reimbursement provides financial incentives for

EBK HEALTH ECONOMICS AND POLICY
EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter15: Medical Care Reform In The United States
Section: Chapter Questions
Problem 2QAP
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Retrospective reimbursement provides financial incentives for medical care. O a. efficient, inefficient Ob. excessive; efficient Oc. insufficient; efficient O d. excessive; insufficient medical care; prospective reimbursement provides financial incentives for QUESTION 23 According to the notion that flat-of-the-curve medicine is practiced in the United States, which of these BEST describes the marginal health benefit from the next dollar of medical spending? a. It decreases as more is spent on health care. Ob. It increases as more is spent on health care. Oc. It first increases and then decreases as more is spent on health care. Od. It first decreases and then increases as more is spent on health care. QUESTION 24 Suppose that Hope, now retired, worked for 10 years in a retail shop, earning $18,000 per year, and for 27 years in an office, earning $25,000 per year. In today's dollars, Hope's retail job paid $25,000 per year, and her office job paid $45,000 per year. What is Hope's Average Indexed Monthly Earnings? a. $32,643 Ob. $37,829 O c. $40,429 O d. $44,316 QUESTION 25 Elise's health insurance policy has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments. She visited the doctor four times last year (doctor's fee is $40 per visit) and underwent a surgery that cost $3,000. If instead she had had a policy with a $1,000 deductible, a $10 copayment on doctor visits, and no coinsurance, which of these is TRUE regarding her expenses (excluding the cost of the insurance)? O a. With the higher deductible, she would have saved between $70 and $249 relative to what she paid with her actual policy. have aved more than $250 relative to what she paid with her actual policy. O b. With the higher deductible, she O c. With the higher deductible, she would have spent at least $300 more than she paid with her actual policy. d. With the higher deductible, sh would have spent between $50 and $250 more than she paid with her actual policy. QUESTION 26 If Sonam's average preretirement earnings were $30,000 per year, his highest preretirement earnings were $90,000 per year, and he receives $20,000 per year in retirement benefits, what is his replacement rate? O a. 16.67% O b. 22.22% O c. 33.33% O d. 66.67%
Transcribed Image Text:Retrospective reimbursement provides financial incentives for medical care. O a. efficient, inefficient Ob. excessive; efficient Oc. insufficient; efficient O d. excessive; insufficient medical care; prospective reimbursement provides financial incentives for QUESTION 23 According to the notion that flat-of-the-curve medicine is practiced in the United States, which of these BEST describes the marginal health benefit from the next dollar of medical spending? a. It decreases as more is spent on health care. Ob. It increases as more is spent on health care. Oc. It first increases and then decreases as more is spent on health care. Od. It first decreases and then increases as more is spent on health care. QUESTION 24 Suppose that Hope, now retired, worked for 10 years in a retail shop, earning $18,000 per year, and for 27 years in an office, earning $25,000 per year. In today's dollars, Hope's retail job paid $25,000 per year, and her office job paid $45,000 per year. What is Hope's Average Indexed Monthly Earnings? a. $32,643 Ob. $37,829 O c. $40,429 O d. $44,316 QUESTION 25 Elise's health insurance policy has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments. She visited the doctor four times last year (doctor's fee is $40 per visit) and underwent a surgery that cost $3,000. If instead she had had a policy with a $1,000 deductible, a $10 copayment on doctor visits, and no coinsurance, which of these is TRUE regarding her expenses (excluding the cost of the insurance)? O a. With the higher deductible, she would have saved between $70 and $249 relative to what she paid with her actual policy. have aved more than $250 relative to what she paid with her actual policy. O b. With the higher deductible, she O c. With the higher deductible, she would have spent at least $300 more than she paid with her actual policy. d. With the higher deductible, sh would have spent between $50 and $250 more than she paid with her actual policy. QUESTION 26 If Sonam's average preretirement earnings were $30,000 per year, his highest preretirement earnings were $90,000 per year, and he receives $20,000 per year in retirement benefits, what is his replacement rate? O a. 16.67% O b. 22.22% O c. 33.33% O d. 66.67%
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