The rising demand for health-care industry workers is due to the following factors, except Select one: a. aging of the Malaysian population. b. the continued presence of private hospitals for Malaysian consumers. c. decreasing prices of labor in the health-care industry. d. rising income levels in Malaysia.
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The rising
Select one:
a. aging of the Malaysian population.
b. the continued presence of private hospitals for Malaysian consumers.
c. decreasing prices of labor in the health-care industry.
d. rising income levels in Malaysia.
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- The stated premise behind the production function for health is that medical care, when combined with other inputs and a person's own time, produces good health. What is the marginal contribution of medical care to the production of health in the United States? Will spending more money on medical care improve the health of Americans, or is there another strategy that would work better? How would your answer change if you were studying health in a less-developed country?What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share. Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…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
- The cost of employer-sponsored health care benefits are expected to approach $16,800 per employee next year. Big employers project that their total cost of providing medical and pharmacy benefits will rise 6 percent for the sixth consecutive year. The total cost of health care, is estimated to average $17,800 per employee in 2022, up from $7,099 last year. Large employers will cover roughly 70 percent of those costs. For Employers, what is the “OPPORTUNTY COST “of health care? (not the price.)Draw a health production function with individuals receiving some health-producing intervention as inputs and health benefits as outputs that show declining returns in output. What does “declining returns” imply about the marginal health benefit per person served/treated along this production function? How does this relate to “specialization of inputs”? How about “selection to treatment”?The federal government gives a state a _____ grant, promising to pay the state $0.25 for every $1 the state spends on health care for senior citizens, which _____ the price of health care to the state by 20%. a. block; increases b. block; decreases c. matching; increases d. matching; decreases
- Employer-provided private health insurance in the United States has resulted in: A. incentives that encourage the overuse of health care.B. incentives that discourage the use of health care, and overall poorer health.C. lower costs of health care as providers better achieve economies of scale.D. comprehensive coverage of the U.S. population, with few lacking access to adequate health care.51.If, over the years, the standard night in a hospital has risen in price from $200 a night to $1000 a night but now also includes amenities, then economists insist that the price A)has risen $800 over that period. B)has definitely risen but by less than $800 over that period. C)has definitely risen and by more than $800 over that period. D)may have risen or fallen depending on the value of the amenities. 52.Effective AIDS drugs did not exist in the early 1980s. When they became available they were very expensive. When people use these facts to say that the price of AIDS drugs has increased economists generally A)agree. B)suggest they are confusing price increases with quality increases. C)note that the drugs are not as effective as advertised. D)stay out of this discussion. 53.Effective AIDS drugs did not exist in the early 1980s. When they became available they were very expensive. When people use these facts to say that the price of AIDS drugs has increased…Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Sensitive to any factors other than the price of health care
- Which of the following is NOT one of the 6 reasons health care is so expensive in a USA? A. Doctor's/ Nurse's salaries are too high B.US population is too big C.Drug costs are increasing D. Hospitals are for profitThe American system of health care is financed by a mix of private and government insurance programs that pay over 80 percent of the health care bills for U.S. citizens. O True O FalseEducation is a non-health social determinant of health (SDOH). A policy needs to be introduced to address the lack of school funding which is affecting graduation rate. What would be the steps in the policy analysis?