The government wants to regulate health insurance companies requiring them to provide insurance coverage not just for future health problems, but also for pre-existing conditions. For such a policy to succeed, it is important to make purchase of health insurance compulsory for individuals. Is this true or false? Explain your answer.

Q: What is the impact of aging societies like Japan and some other European countries on the demand for…

A: They have the potential to impact economic development because their potential economic and social…

Q: The 2010 health reform law fails to provide universal health insurance coverage. T or F?

A: The 2010 Health Reform Law was named as Affordable Care Act.

Q: What can government do to make health systems more equitable

A: Economics is the study of human behavior in response to the use of scarce resources having unlimited…

Q: If there were no third parties in medical care, medical care prices would be lower. Do you agree or…

A: Third parties in medical care increase the price of medical care. If third parties are involved,it…

Q: When an employer provides health insurance benefits as part of the compensation package, does this…

A: In an economy, employers provided insurance benefits related to healthcare allows an employee to get…

Q: Provide three characteristics that prevent health care markets from allocating resources…

A: We have show that  ,The healthcare industry is a multibillion-dollar industry in the USÀ that…

Q: Which of the following is true about social insurance programs? a-all of these b-Individuals can…

A: Government administers a set of insurance programs which are referred to as social insurance…

Q: Why might nudges be particularly useful and effective in changing decisions related to health care?

A: Nudge theory is a concept in which positive reinforcement and suggestions can help in influencing or…

Q: Which kind of externality problems exists in the market for medical checkup? How does this…

A: The externality depicts the situation of market failure and inefficiency. The externalities are of…

Q: Based on Friedman and savage utility of income what factors affect demand for health insurance?

A: According to friedman income and wealth of person determines demand for health insurance.

Q: Suggest a relevant government policy that would yield the efficient outcome and carefully explain…

A: Some relevant government policy that would yield the efficient outcome that government plays in…

Q: Which theory explains the effect of health on income? Direct income theory Efficient producer…

A: Income is a reward that labor earns for supplying their services. The labor will receive an income…

Q: Create a table to compare and contrast components of public health insurance (such as Medicare and…

A: Public health insurance plans are those plans which are in mostly provided by the government. These…

Q: Why economics is essential in addressing the health-related problem?

A: Economics is a diverse subject and is needed everywhere. The resources are limited and thus, proper…

Q: Do countries with national health insurance programs have lower average medical costs than the…

A: Do countries with national health insurance programs have lower average medical costs than the…

Q: If consumers discovered that the product had a negative effect on health, how would the likely…

A: Given: Consumers discovered that the product had a negative effect on health.

Q: The government wants to regulate health insurance companies requiring them to provide insurance…

A: Insurance is a form of contract that insures the insured person against losses under uncertain…

Q: Given the future and developments in health, are the benefits more significant than the costs that…

A: In an economy, government make expenditure on various sectors, such as education, infrastructure,…

Q: How much is Jane’s deductible?  What percentage of the bill does Jane’s health care plan pay once…

A: When Jane hasn't reach her deductible, then:- Office costs= $125 Jane pays= $125 Her plans pays= $0…

Q: Why would payers want to add shared savings components to PMPM or enhanced FFS payments to primary…

A: FFS is the medical care installment model where doctors and clinicians are paid in light of the…

Q: People make decisions by comparing marginal benefits with marginal costs. An optimaldecision…

A: Answer - Marginal Benefit -  "Marginal Benefit are the maximum amount a consumer willing to pay for…

Q: Moral hazard creates tradeoffs that complicate insurance design and policy choices. Imagine a linear…

A: The situation explains that the cost per visit was $100 and the number of visits was equal to…

Q: According to the late health care economist Uwe Reinhardt, "The Affordable Care Act is an ugly patch…

A: Answer:- Yes I agree with the given statement "The Affordable Care Act is an ugly patch on an ugly…

Q: The AMA  has been actively involved in shaping the regulation of nursing and other health care…

A: The American Medical Association (AMA) is a regulating agency that has a right to intervene in the…

Q: If physicians' income decreases, how may it affect the physicians' role as the patients' agent?

A: Decrease in physician income can be because of many different reasons such as rise in more number of…

Q: What are the differences and similarities between health economics and other forms of economic study

A: Similarities between Economics and Health economics Economics is the study of the all activities how…

Q: The U.S. health care system is changing, including becoming more data-driven, evidence-based,…

A: Medical education establishes a commitment to learning over the course of a physician's career to…

Q: What approaches to healthcare reform are morally acceptable, economically effective, and politically…

A: Providing a combination of private and government insurance is policy to fix the consumer failure of…

Q: What’s the model used to explain demand for health services ? What differences are there between…

A: Introduction Demand for medical care is portrayed by the degree of genuine utilization of an…

Q: Demand for health care is not     Downward sloping     Sensitive to the price of health care…

A: Price elasticity of demand refers to the responsiveness of change in quantity demand due to change…

Q: According to Health Economists, “more protection does not always lead to less disease”; using the…

A: As per the quote "more protection does not always lead to less disease" is a general statement which…

Q: As an employer, why might Vivian be reluctant to offer her employees a health insurance plan with a…

A: Moral Hazards:Moral Hazard refers to the condition where individual have less incentive to take care…

Q: How is the Black Lives Movement integral to promoting health equity in the U.S

A: Equity of health is described as the situation where there is the absence of avoidable and unfair…

Q: Briefly discuss the demand and supply factors that contribute to rising health costs. Specify how (a…

A: Demand side factor in health care can be: increasing aging population Supply side factor in health…

Q: What is the opportunitiy cost of having health insurance? What is the opportunity cost of not having…

A: The potential gains that an individual, investor, or organisation misses out on when choosing one…

Q: How would functionalists, conflict theorists and symbolic interactionists suggest that health care…

A: According to the functionalists, good health and the effective medical care are the essentials for…

Q: Why would increased spending as a percentage of GDP on, say, household appliances or education in a…

A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

Q: Make the business case why healthcare providers should advocate for expansion of insurance coverage…

A: Overview: Number of poor people who are received the coverage of health insurance policy is less…