Why is discounted future earnings typically not used anymore to assign monetary value to the benefits of health interventions? What are some of the better alternatives?
Q: With the use of relevant examples, critically examine four economic principles that are essential to…
A: Economics is referred to as the social science which deals with the study of production,…
Q: Explain how third-party payment is related to health care infl-
A: The U.S. medical care framework is based on a third party payer framework, which is permitting…
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: Which of the following is NOT considered as a managed care plan? Fee-for-service plans (or indemnity…
A: Managed care plans are the type of health insurance. There are many health care providers that are…
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: What are the pros and con of having a promotion /pay system at an organization like a hospital?
A: When healthcare providers and their teams perform well, they are compensated for it through bonus…
Q: What are the consequences of gender bias in education and health?
A: Gender bias: It means preferring one gender over another.
Q: What is the Market economic Structure of health care and how does market structure impact business…
A: Market structure:- Market structure can be explained as how diverse businesses are split and defined…
Q: What would be the primary advantages of eliminating the role of the federal government in the…
A: The answer is as follows:-
Q: Compared with doctors who are paid on a fee-for-service basis by health insurers, doctors who are…
A: In the healthcare system, fee-for-service refers to the payment method in which physicians get a…
Q: Why are the various forms of e- and m-commerce important in health care? Be sure to include the…
A: E-commerce is determined by the performance of business activities with the usage of the internet.…
Q: Imagine that patients stay in HMO with capitation payments for two periods early in life (period 1)…
A: In 1st case patients pay $1000 in period 1 with preventive care and $500 in period 2 In 2nd case…
Q: Explain the difference between the institutionalized and person-centered models of support in…
A: The institutionalized support concept is primarily focused on improving or correcting societal…
Q: the different treatment alternatives for drug and alcohol abuse. What are several strengths and…
A: Drug abuse: It refers to the situation under which the people who take drugs or alcohol will abuse…
Q: In spite of major reforms, particularly the ACA, why are we not seeing decrease in cost, improvement…
A: The affordable care act (ACA), 2010 also known as Obamacare was the major change in US Medicare…
Q: explain why health economics is an important tool when it comes to managing health care resources,…
A: Health economics Health economics is an economics subject that focuses on the subject of health…
Q: Indicate whether the statement is true or false, and justify your answer.Medicaid creates a work…
A: The given statement is true.
Q: Does the availability of free health care improve health status? Explain.
A: Availability of free healthcare increases the demand for medical services and it induce people to…
Q: How is the social status and income of a consumer predisposes an individual to better health?…
A: Socioeconomic Status:- A person's or an institution's economic status is their societal rank or…
Q: Why is the intensity of care higher in the United States?
A: Private healthcare and governmental health insurance are used to provide healthcare coverage. Unlike…
Q: What challengers are hospital managers likely to encounter while making efficient use of health…
A: Health resources include different infrastructural facilities,equipments,capital required for…
Q: A noted insurance authority has said, “Because the financing of long-term care is inconsistent with…
A: PLEASE FIND THE ANSWER BELOW. LONG TERM FINANCE: Long-term finance can be defined as any financial…
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: Fabian is Canadian. His grandfather recently required chemotherapy, but was frustrated by the long…
A: Excess Demand: Excess demand refers to the situation where the demand for goods and services are…
Q: To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an…
A: A contract between the insurance company and person that helps in providing protection against any…
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: Which of the following results from a process in which the individual can only influence the…
A: Health is a finished condition of physical, mental, social and otherworldly prosperity not simply…
Q: Benefits are payable in a Critical Illness Plan for which of the following situations or illnesses?…
A:
Q: Which option is the most effective for companies and employees: a standard fee-for-services health…
A: In the insurance market, there are different types of health insurances offered by the insurance…
Q: what are three reasons for health care inequities and how can they be avoided or reduced in order to…
A: Reasons for health care inequities can be mentioned as: Unequal distribution of income Unequal…
Q: Senator Deal proposes to offer a choice to future retirees: if you retire before age 70, the…
A: Given that, a deal is offered to retirees in future that if they retire before 70, their benefit…
Q: The size of the uninsured and underinsured population in the United States has become an indication…
A: 1. If people are not obtained the insurance or fail to obtain full coverage insurance, then they are…
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: Explain the impact of education on health.
A: The education is the gaining of basic knowledge which is necessary for a basic standard of living.…
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- 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 employeeI 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 organizationWhat is the effect of managed care programs on the affordable care act? (In other words how has managed care programs impacted the ACA (Obamacare)?" List different ways and explain.
- 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?How do you draw a health production function with individuals receiving some health producing intervention as inputs and health benefits as outputs that shows 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”? If we assume that you have two distinct means of producing health (programs A & B) with identical PFs as you drew above. Given a fixed amount of inputs (e.g. ability to treat/serve some number of individuals), draw the production possibilities frontier curve for these two programs. What is an opportunity cost and how does it relate to the PPF curve? If our value the health benefits from both programs equally, what point (label as X) do you pick on the PPF curve and why? Suppose program A works best for children, and program B best for adults, and you value health…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”?
- Suppose Carl’s wage-schooling locus is given byYears of Schooling Earnings 9 $18,500 10 $20,350 11 $22,000 12 $23,100 13 $23,900 14 $24,000Derive the marginal rate of return schedule. When will Carl quit school if his discount rate is 4 percent? What if the discount rate is 12 percent?Which of he following provisions of an individual Accident and Heallh policy allows for nonpayment of premiums in lhe event of the insured's total disability? A.Grace Period B.Elimination Period C.Waiver of Premium D.Return of PremiumAtl Econ J (2013) 41:8991DOI 10.1007/s11293-012-9342-2ANTHOLOGYSocial Capital and Income Inequality in the UnitedStatesRati RamPublished online: 17 October 2012# International Atlantic Economic Society 2012Many scholars have explored in recent years various correlates and consequences ofsocial capital along with discussions of the concept. For example, relationship ofsocial capital with population happiness, health, income, economic growth, andhuman development has been researched by several scholars. However, very fewstudies have considered the relationship between social capital and income inequality.One exception to that is the recent work by Robison et al. (Journal of SocioEconomics, 2011) which proposed a theoretical link between social capital andincome distribution and conducted an empirical exploration for the U.S. states forthe census years 1980, 1990, and 2000. Their key measure of social capital wassomewhat narrowly focused on percent of households headed by a single female…
- Suppose a particular population has two kinds of health risks, high and low. Let the expected annual health care costs for the high risk be $10,000, and for the low risk, half that. If there are twice as many low risk as high risk individuals, and if the one insurer’s administrative load is 20%, what would the community rated premium be if everyone is compelled to and able to buy health insurance? Note: administrative load can be construed as the amount that the insurer has in costs to run the plans above and beyond the "health care costs."1. What is the human capital approach to health and education? What do you think are its most important strengths and weaknesses?2. What are the consequences of gen-der bias in health and education? Can a large gap between male and female literacy affect development? Why?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.
