MyLab Economics with Pearson eText -- Access Card -- for Foundations of Economics
8th Edition
ISBN: 9780134518312
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 12, Problem 8SPPA
To determine
To explain:
The obstacles to efficiency created by health insurance.
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Chapter 12 Solutions
MyLab Economics with Pearson eText -- Access Card -- for Foundations of Economics
Ch. 12 - Prob. 1SPPACh. 12 - Prob. 2SPPACh. 12 - Prob. 3SPPACh. 12 - Prob. 4SPPACh. 12 - Prob. 5SPPACh. 12 - Prob. 6SPPACh. 12 - Prob. 7SPPACh. 12 - Prob. 8SPPACh. 12 - Prob. 9SPPACh. 12 - Prob. 10SPPA
Ch. 12 - Prob. 11SPPACh. 12 - Prob. 1IAPACh. 12 - Prob. 2IAPACh. 12 - Prob. 3IAPACh. 12 - Prob. 4IAPACh. 12 - Prob. 5IAPACh. 12 - Prob. 6IAPACh. 12 - Prob. 7IAPACh. 12 - Prob. 8IAPACh. 12 - Prob. 9IAPACh. 12 - Prob. 1MCQCh. 12 - Prob. 2MCQCh. 12 - Prob. 3MCQCh. 12 - Prob. 4MCQCh. 12 - Prob. 5MCQCh. 12 - Prob. 6MCQCh. 12 - Prob. 7MCQ
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- Which of the following is NOT a healthcare good or service? A)Vaccine B)Patient advocate (social worker) C)Life insurance D)Privately purchased a knee bracearrow_forwardExplain the purpose of insurance. If a mother purchases health insurance for her and her four (4) children, who is the policyholder, and who is (are) the beneficiaries?arrow_forwardWhat is the opportunity cost of having health insurance? What is the opportunity cost of not having health insurancearrow_forward
- Robert decides to start working for the local ridesharing company. He has a large 12-passenger van and thinks he will be in big demand at the airport. He tells his personal car insurance company that he is driving for a ridesharing company, and he needs some additional insurance. He is denied additional coverage. Why? There is no such thing as ridesharing insurance. He lives in a state that doesn’t offer ridesharing insurance. The city he lives in is too small for him to qualify for ridesharing insurance. Many insurance companies will not insure high-occupancy vehicles under their ridesharing policies.arrow_forwardThe Subject: Microeconomic Chapter Seven What are the asymmetric information problems in the market for health insurance?arrow_forwardRelate the following Economic principles: in real life and medical field 1. Choices 2. Scarcity 3. Opportunity cost 4. Benefit/Cost Marginal analysisarrow_forward
- (Health Economics) What are the economics of price controls (fee schedules, premiums tied to cost of living, prescription price ceilings)? Under what circumstances do they accomplish their intended purpose and when do they fail?arrow_forwardQ: How do we create more access to care for the uninsured without reducing quality or increasing cost for everyone? Is it necessary or advisable to do so? (US healthcare system)arrow_forwardHow much is Jane’s deductible? What percentage of the bill does Jane’s health care plan pay once co-insurance begins? What percentage of the bill does Jane pay once co-insurance begins? How much is Jane’s out-of-pocket limit? How much does Jane pay after she reaches her out-of-pocket limit?arrow_forward
- how does teen pregnancy affect or influence one’s personal & family health. how does it affect society as well?arrow_forwardWhich 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 servicearrow_forwardhow does violence and intentional injury affect or influence one’s personal & family health. how does it affect society as well?arrow_forward
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