Those without any health insurance in the U.S. tend to be the following groups, except Group of answer choices those who are in excellent health and those with the poorest health. workers in small firms. minimum-wage workers. those receiving Social Security payments.
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- Of those Americans without health care protection, the poor and children comprise the majority. T or F?Medicare recipients can purchase supplemental private insurance (known as Medigap insurance) to fill the gap in coverage left by Medicare. This gap includes copayments, deductibles, and prescription drug expenses not covered by Medicare. Several years ago, the government enacted regulations that specify minimum standards for items that Medigap policies must cover. This made the policies more expensive, and as a consequence, about 25 percent of the elderly who would have purchased some Medi-gap insurance purchased none at all [Finkelstein, 2004]. Consider an individual who consumes two goods, "insurance" and "all other goods." The cost of a unit of Medigap insurance is $1, as is the cost of a unit of all other goods. Sketch a budget constraint and set of indifference curves that are consistent with the following scenario: In an unregulated market, an individual with a $30,000 income purchases $5,000 worth of Medigap insurance. The government then puts mandates on Medigap policies that…On average which group is less healthy than the other group? Highly educated individuals vs. the low-educated Whites vs. blacks Young adults vs. elderly Hispanics vs. whites
- Explain the terms incidence and prevalence?I need answer typing no chatgpt pls Which situation is most likely to create an incentive for doctors to perform unnecessary procedures O a fee-for-service health insurance policy O free market health care O a single-payer system O a health maintenance organizationDemand 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
- Suppose Bethilda earned $30,000 at her last job where she faced a 3% chance of dying on the job. Now Bathilda earns $27,000 at a new job where she faces a 2% chance of dying on the job. What is Bethilda’s implied Value of a Statistical Life? What are the uses of this measure?improvement in technology usually result in lower cost of production or new and improved consumer goods and services .Assume that an improvement in medical technolgy result in an increase in life expectancy for people 65 years and older . How would this technolgical advance be likely to affect expenditure on health care?What provision of federal law makes employer-based health insurance even more attractive to most EMPLOYEES who receive it than just the value of the premium? O Insured employees can take a tax deduction for the entire amount paid to doctors for the employee's treatment even if much of the cost was paid by insurance. Employer-based health insurance offers much better coverage than other types of insurance Employer-based health insurance offers lower copays and deductibles than other types of insurance The value of health insurance paid by an employer is not taxable income for the employee
- The 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 FalseWhichofthefollowingstatementsis(are)correct? (x) The federal healthcare spending program that specifically targets the poor is called Medicaid and the federal healthcare spending program that assists the elderly is called Medicare. (y) Specific spending programs that are included under the general category of income security include food stamps and Temporary Assistance for Needy Families (TANF). (z) Medicare has been the focus of many proposed reforms over the last several years because health care costs have risen more rapidly than the cost of other goods and services produced in the U.S. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) onlyQuestion 8: Consider two workers, Ralph and Steve. Both of them work for the same employer, and each earns $15 per hour. Steve is taxed at the 15 percent marginal rate. However, Ralph is married, and due to his wife’s income, he is taxed at the 28 percent marginal rate. Using Figure 11.3, indicate which one would be expected to seek more health insurance and why.
