EBK ECONOMICS TODAY
18th Edition
ISBN: 9780100663251
Author: Miller
Publisher: YUZU
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Question
Chapter 5, Problem 1FCT
To determine
To write:
The reasons for which government projections cannot assume that demand for quality health care services will not increase if Medicare subsidies fall out-of-pocket prices for people who are part of the program.
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Which of the following is one of the solutions proposed by the Affordable Care Act to address the gaps in quality and unrestrained costs of the U.S. healthcare delivery system as seen through the Medicare fee-for-service system?
A. Preferred provider organizations
B. Accountable care organizations
C. Patient-centered medical homes
D. Point of service plans
which option is correct about Medicare and Medicaid?
Medicaid is a federally-sponsored program while Medicare is sponsored with states and federal governments
The health care cost of Medicare enrollees in the last two years of their life is very small
Medicaid is less costly than Medicare
Under the Affordable Care Act, Medicare was expanded at the cost of contracting Medicaid
What are three detailed reasons why healthcare has negative macroeconomic implications in the context of the ongoing COVID-19 pandemic?
Chapter 5 Solutions
EBK ECONOMICS TODAY
Ch. 5 - Prob. 5.1LOCh. 5 - Prob. 5.2LOCh. 5 - Prob. 5.3LOCh. 5 - Prob. 5.4LOCh. 5 - Prob. 5.5LOCh. 5 - Prob. aFCTCh. 5 - Prob. bFCTCh. 5 - Prob. cFCTCh. 5 - Prob. dFCTCh. 5 - Prob. eFCT
Ch. 5 - Prob. 1CTQCh. 5 - Prob. 2CTQCh. 5 - Prob. 1FCTCh. 5 - Prob. 2FCTCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - Prob. 8PCh. 5 - Prob. 9PCh. 5 - Prob. 10PCh. 5 - Prob. 11PCh. 5 - Prob. 12PCh. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - Prob. 16P
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Similar questions
- Examine the role of health as an input to and an output from a production function and discuss the implications for government public policy..arrow_forwardMake the business case why healthcare providers should advocate for expansion of insurance coverage for the poorarrow_forwardDiscuss pros and cons of having government involved in providing and/or paying for health care. If government is to be involved, which level of government - federal or state - is in in the best position to play a role in the provision of health care? (There may be no clear answer here.)arrow_forward
- Create a table to compare and contrast components of public health insurance (such as Medicare and Medicaid) and private health insurance.arrow_forwardExplain how each of these situations will affect the quantity demanded of health insurance: a) A reduction in the tax-exempt fraction of health insurance premiums. b) An increase in buyer income. c) An increase in per capita medical expenses.arrow_forwardWhich of the following stalements is CORRECT about Medicare? A.Il is a medical assistance program B.Il is a hospital and medical expense insurance program. C.It provides benefis o lotally disabled persons only D.Its Part A provides payment for physicians' bills.arrow_forward
- Weigh the pros and cons. How would changing Medicaid financing to a block grant or per capita cap be an advantage or disadvantage for millions of low-income children and adult participants?arrow_forwardWill insurance prices in 2024 erase the momentum of lower health costs despite the IRA prescription drug efforts?arrow_forward
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