14. Under the Affordable Care Act (ACA), how long could a young person stay on their parents' health insurance plan? to the age of 26 until they got a full-time job to the age of 21 until they got married
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- Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…What is the opportunity cost of having health insurance? What is the opportunity cost of not having health insurance
- 1. Which of the following is an example of acollective good?a. medical careb. college educationc. automobile insuranced. home ownershipe. highway systemNew York Times columnist David Brooks wrote about the implementation of the Affordable Care Act (ACA) and described a possible adverse selection cascade: “the young may decide en masse that it is completely irrational for them to get health insurance that subsidizes others.” a. Why might it be irrational for young and healthy people to buy health insurance? b. In what sense do young and healthy people who buy health insurance provide a subsidy to people who are older or who are ill? c. What do you think Brooks meant by an adverse selection cascade? How might the actions of young and healthy people contribute to adverse selection problems in the health insurance system?Discuss each of the following: 1. How does household income affect the desire of a parent to have children? 2. How does religion affect the desire of a parent to have children?
- Question 8: Consider two workers, Ralph and Steve. Both of them work for the same employer, and each earns $15 per hour. Steve is taxed at the 15 percent marginal rate. However, Ralph is married, and due to his wife’s income, he is taxed at the 28 percent marginal rate. Using Figure 11.3, indicate which one would be expected to seek more health insurance and why.1. Explain when safety regulations can lead to an increase in efficiency. What market failures lead to this? 2. Are new technologies a pareto improvement? Explain briefly. 3. 50% of the population has household income of $20,000 and 50% of the population has household income of $80,000 Draw the Lorenz curveI 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
- Why is it difficult to measure health outcomes?Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid.Edna is living in a retirement home where home where most of her needs are taken care of, but she has some discretionary spending. Based on the basket of goods in Table 22.5, by what percentage does Ednas cost of living increase between time 1 and time 2