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Which of the following is not a similarity between Medicare and Social Security?
Multiple Choice
-
They are both "pay-as-you-go" plans.
-
Their trust funds are both projected to be depleted within the next 15 years.
-
Contributions are collected from both employers and employees.
-
They are both intended to benefit older current workers.
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- Descriptive economics involves conducting a cause-and-effect analysis.TrueFalse DRGs are a patient classification system.TrueFalse Medicare consists of four parts.TrueFalseWhich of the following is a provision of the Patient Protection and Affordable Care Act? Group of answer choices Insurance companies may not legally deny coverage to anyone on the basis of a preexisting medical condition. Every firm must purchase health insurance for their employees or face a $2,000 fine per employee. Every individual must purchase their own health insurance for themselves and their dependents or pay a fine. Adult children of parents with employer-provided health insurance can remain covered by their parents' insurance through age 35.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
- The calculation used by social security to calculate retirement benefits is meant to replace ______________ preretirement income for low-income retirees than high-income retirees.Medicare recipients can purchase supplemental private insurance (known as Medigap insurance) to fill the gap in coverage left by Medicare. This gap includes copayments, deductibles, and prescription drug expenses not covered by Medicare. Several years ago, the government enacted regulations that specify minimum standards for items that Medigap policies must cover. This made the policies more expensive, and as a consequence, about 25 percent of the elderly who would have purchased some Medi-gap insurance purchased none at all [Finkelstein, 2004]. Consider an individual who consumes two goods, "insurance" and "all other goods." The cost of a unit of Medigap insurance is $1, as is the cost of a unit of all other goods. Sketch a budget constraint and set of indifference curves that are consistent with the following scenario: In an unregulated market, an individual with a $30,000 income purchases $5,000 worth of Medigap insurance. The government then puts mandates on Medigap policies that…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 questions would you ask about the Federal Health Policy importance? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.The Australian health sector suffers from informational asymmetry problems pertaining to ‘moral hazard’ and ‘adverse selection’. Please provide a reason for why you either agree or disagree with the statement.The difference between retrospective versus prospective reimbursement is that: a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. b. Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. c. Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients. d. None of the choices are correct
- What are the current guidelines for the TANF program? Identify the key requirements for who is eligible and the limits on it.Traditional Medicare provides uniform benefits to all recipients in all 50 states.The size of private health insurance premiums depends on all of the following except prices. expected utilization volume. administrative costs. profit margin. number of carve-outs in a plan.