Which of the following does NOT generate negative externalities in part through health care costs? a. Smoking b. Alcohol abuse c. Antibiotic overuse d. Opioid abuse e. None of the above
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- Explain the different methods concerning the cost benefit analysis (Health economics)With the use of relevant examples, critically examine four economic principles that are essential to the study of Health Economics.While the individual mandate clause in the Affordable Care Act (also known as, Obamacare) was still in effect, which market failure in the market for health insurance did it help to reduce? Group of answer choices A.) Increasing Returns to Scale. B.) Moral Hazard. C.) Adverse Selection. D.) Barriers to Entry. E.) Externalities.
- Which other devision-making strategies can be applied in the public sectorDo you believe expenditures for child care and fitness facilities are warranted from a cost-benefit perspective? Why or why not?Build and secure a market based economic intervention to address the social determinants of health.
- Which is the best example of health care insurance in the sense of socializing risk? a. A dental insurance policy that pays for two check-ups a year but nothing else.b. A comprehensive health care policy that essentially pays for everything including check ups but is very expensivec. A health care policy that is relatively inexpensive but only pays for medical expenses after a $2,000 annual deductible is met. After $2,000 the policy pays 100 percent for everything.There are 59 employees. The impact of pollution in employees is $759447 and the value of a statistical life is the same for all humans is $8mn. What is the social distance to employees?(answer in value not percent with no decimal places,200)Smoking imposes externalities on non-smokers, but non-smokers can also impose externalities on smokers. Is this statement true or false? Why or why not?
- This is a Microeconomics problem. Explain how adverse selection can cause undesirable outcomes in a health insurance industry over time.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.The decline in hospital days per 10,000 population between 1980 and 2007 reflects: A. An increase in number of times individuals were admitted/discharged from the hospital. B. A decrease in the average length of time they stayed in the hospital once admitted. C. A decrease in number of times individuals were admitted/discharged from the hospital. D. A and B. E. B and C. QUESTION 2 What distinguishes a preferred provider organization (PPO) from a traditional health maintenance organization (HMO)? A. There is no distinction, both HMOs and PPOs are focused on costs and outcomes and are considered managed care organizations B. Both are similar to POSs (point of service plans) C. HMOs are generally more restrictive when it comes to standards and cost controls on providers and enrollees D. All of the above E. A and C only
