Which one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their service

Which one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their service

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter7: The Market For Health Insurance

Section: Chapter Questions

Problem 6QAP

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_____ is when everyone in a country is covered by insurance that is run and administered by the government. This strategy is effective at combatting _____. a. Means tested health insurance; adverse selection b. Universal public health insurance; adverse selection c. Universal public health insurance; moral hazard d. Compulsory insurance; moral hazard e. Compulsory insurance; monopoly pricing f. Means tested health insurance; moral hazard
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 organization
Julia is a 28- year-old nonsmoking , non-drinking female of normal weight Because of adverse selection in health insurance , (A) She will be charged less for her premiums than people who are higher risks ) B)She is less likely to buy health insurance than the average person, because policy premiums are based on expected medical expenditures of people who are less healthy than she is ( C) When she get health insurance , she will be less likely to take care of herself. ) D)She must get health insurance early in life, and is likely to lose health insurance if she smokes , drinks to excess, or gains weight. E) She is more likely than the average person to buy health insurance , because she is more likely to be offered it.
Explain how each of these situations will affect the quantity demanded of health insurance: d) New technologies that enable medical illness to be predicted more accurately. e) A tendency among buyers to become less risk, on average.
Which one among these is not a loading factor in case of health insurance? 1.marketing cost 2.Costs of claim processing 3.Payments to health care provider.
1. More fun with cost-sharing. (You may want to review Exercise 15 before proceeding, although it is not necessary.) A consumer’s demand for a medical service is Q = 100 − PP where PP is the out-of-pocket price she actually faces. She is considering four different insurance options: uninsurance, full insurance, a 50% coinsurance plan, and a copayment plan with a $25 copay. a. Assume this service has a list price of PL = $70. Calculate Q under each insurance plan. b. Calculate the amount of social loss under a copayment plan with a $25 copay.
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.
10. A deductible reduces ________ in exactly the same way as ________. Question 10 options: a) moral hazard; cancellation of insurance b) moral hazard; coinsurance c) adverse selection; restrictive provisions d) adverse selection; limits on the amount of insurance
Essay questions 19 In the US, where most private health insurance coverage is provided by employers, changing employers nearly always means changing health insurance providers. Review the definition of job lock from Section 18.1. a Why might the health insurer at a new job balk at providing insurance to a job switching employee, or charge a high price? b Explain why the health insurer at the old job would not also drop coverage or charge a higher price in any given year. [Hint: Discuss the observability of any changes to the employee by insurers and legal restrictions.] c Describe the nature of the welfare loss arising from this sort of “job lock.” Be sure to consider the following question in your answer: Under what conditions can it be economically efficient for employees to quit their jobs? d Consider a worker who earns substantially more than he would earn at the next available highest-paying job. Such a situation can arise even in a competitive labor market if, for example, the…
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
NO CHATGPT. In the US, private health insurance is usually purchased by groups rather than individuals. For example, most people are insured through their employer or their spouse’s employer. Which type of distortion does the insurance company need to worry about with individuals purchasing insurance versus groups? Why is group insurance preferable for the employer? Why is this preferable for the individual?
What are the pro and cons of National Health Service and National Health Insurance when controlling costs while maintaining high quality of care?