HE360 Exam 5
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School
Arizona Western College *
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Course
360
Subject
Economics
Date
Apr 27, 2024
Type
docx
Pages
8
Uploaded by eabcontaoe1983 on coursehero.com
Attempt Score
85 / 100 - 85 %
Overall Grade (Highest Attempt)
85 / 100 - 85 %
Question 1
5 / 5 points
The demand for health care was augmented by the characteristics of the U.S._______, which previously imposed no cost controls and promoted the diffusion of technology.
Question options:
government
education system
health insurance system
economy
Question 2
5 / 5 points
A concern of health economists and policy analysts is that _______ may impede the rate of technological change and its diffusion.
Question options:
cost containment
deductibles
gatekeepers
inelastic demand
Question 3
5 / 5 points
A medical degree can be thought of as a stock of _______ that yields a stream of returns over time.
Question options:
aggregate demand
human capital
experience rating
charity care
Question 4
0 / 5 points
Which of the following often provide cost savings?
Question options:
Process innovations
Cafeteria plans
Resource allocations
Utilization reviews
Question 5
5 / 5 points
_______ compacts the quantities of inputs used to produce a given output.
Question options:
Balance billing
Productive efficiency
Case management
Horizontal equity
Question 6
5 / 5 points
How many years of medical school does a medical degree require?
Question options:
10
6
2
4
Question 7
5 / 5 points
Studies show that the rate of product development is greater in firms that have more contact with
Question options:
outliers
nursing homes
private practices
academic institutions
Question 8
5 / 5 points
What has been found to affect the rates of diffusion of new high-technology treatments?
Question options:
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Related Questions
What is the term for a measure of Public Health directly related to the value of human life and the economic implications of the loss of individuals in a society
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Suppose that an effective vaccine against malaria were invented. Using Figure above,
describe the vaccine’s effect on both health and income
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.
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2 Examples of sources of data for market failure in health.
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Approximately __________ million Americans are without health insurance.
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The Team Making Cents Challenge: Consider the graph below and explain the meaning of it with regards to investments in public health.
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.
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Question 18
The highest percentage of uses of health care funds in the U.S. for 2010 was
hospital care.
research.
home health care.
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QUESTION 8
The ACA emphasized population health for the first time in US history, since it aimed to get all Americans health insurance coverage and therefore “inside” the system for the first time. Population health differs from personal health in that:
a.
It does not focus on health outcomes
b.
It focuses more on health system performance than on the performance of any single health care organization type
c.
It focuses more on health disparities than on access to specialty care
d.
It focuses more on social determinants of health than quality measurement
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Mandy Cohen, former Secretary of the North Carolina Department of Health and Human Services, in her interview with Namita Seth Mohta, MD, identified two specific areas where healthcare and public health are moving toward the same goal.
What are two areas she mentioned?
infant mortality, teenage smoking
teenage smoking, water quality
water quality, early childhood education
water quality, infant mortality
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.
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Define the roles of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) in health-care businesses. Make one (1) suggestion on how they can apply their knowledge to improve employee and patient satisfaction. Provide examples of such expertise in action to back up your claim.
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a. What is the arc price elasticity of demand for healthcare consumers in Japan using only this data?
b. Using your estimated elasticity, what would the demand for health care be if the price in tokyo were raised to 30 per visit? What would the demand in Hokkaido be if the price were lowered to 5 per visit?
Region
Outpatient visits
Price/ visit
Tokyo
1.25/ month
20Y
Hokkaido
1.5/ month
10Y
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hand writtem solution
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For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50. Outlier threshold for Medicare is $25,800.
(a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare?
(b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan’s treatment was same as John, $128,000, but cost to charge ratio for Hospital B was 0.25. How much payment hospital B would get from Medicare?
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what is the relationship between the financial well-being of the industry and availability of healthcare, in consideration of market and demand theories?
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Outpatient
Price per
Region
Tokyo
Visits
Visit
1 per month
25 Yen
Hokkaido
1.5 per month
10 Yen
What is the arc price elasticity of demand for health care in Japan based on these
data?
a.
c. Using your estimated elasticity from part a, what would the demand for health
care be if the price in Tokyo were raised to 30 Yen per visit?
d. Using your estimated elasticity from part a, what would the demand in Hokkaido
be if the price were lowered to 5 Yen per visit?
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Identify three (3) “utility” in the dentistry field. Explain the significance of
your
Knowledge on it.
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Prevalence of diabetes in Bradford: Does food labeling influences consumer decision towards healthy eating?
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Describe the following concepts with regard to public health economics financing.
Cost-benefit
Cost-effectiveness
Cost-utility analyses
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Match the definition with the term provided.
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The information needed by health care organizations (such as commercial insurers) is often quite similar to that needed by public health entities. Please describe the types of information needed by both, as well as information that may be need by one but not the other.
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A typical supply curve shows that an increase in the price of a good will cause producers to decrease the quantity they
supply.
a) True
( b) False
The unemployment rate measures individuals 16 years of age and older without jobs who are actively seeking
employment.
( a) True
( b) False
It is important that any government examine multiple measures of its own economic health, rather than relying on
simply one or two dimensions.
() a) True
) b) False
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Discuss the probable consequences of government regulation and market competition on the operation and performance of the health care industry.
Question - Which of the following is not a basic question that must be answered as a result of scarcity?
a. Who should decide the amount of money spent on medical goods and services?*
b. Who should receive the medical goods and services that are produced?
c. What mix of nonmedical and medical goods and services should be produced in the macroeconomy?
d. What specific health care resources should be used to produce the chosen medical goods and services?
e. What mix of medical goods and services should be produced in the health economy?
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data analysis, please show work
Here is a table showing the approximate breakdown of blood types in the United States:
Blood Type:
A
B
AB
O
P(Blood Type in US)
0.43
?
0.03
0.46
Here is a table showing the approximate breakdown of blood types in the United Kingdom:
Blood Type:
A
B
AB
O
P(Blood Type in the U.K.)
0.37
0.1
0.04
0.49
For all questions below, you may assume that the blood type of an individual in the US and the blood type of an individual in the UK are independent of each other.
If you were to choose one person at random from the US and another person at random from the UK, what is the probability that they will both have blood type A?
If you choose a person at random from the US and a person at random from the UK, what is the probability that neither will be of blood type O?
If you choose three people at random from the US, what is the likelihood that none of them are of blood type B?
If you choose two people at random, what is the probability that both…
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How do economic evaluations in Healthcare inform policy and other decision makers
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What impact does the allocation of resources within a local health district have on the overall economic efficiency and equity within the community?
If AI generated, will downvote and report your answer.
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QUESTION 13
The size of the uninsured and underinsured population in the United States has become an indication of the access problems in the US healthcare system.TrueFalse
QUESTION 14
If the expected age of death for a male aged 20 is 75, then a 20-year-old man who dies is considered to have lost how many years of life?
A.
20 years of life
B.
75 years of life
C.
55 years of life
D.
None of these
QUESTION 15
Why is survival time considered to be a good indicator of health status?
A.
It measures health outcomes as compared to costs
B.
It places an emphasis on the time spent(duration) in a specific health state
C.
The measure accounts for mortality rates
D.
It measures outcomes or health state at a given point in time
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A Moving to the next question prevents changes to thls
Question 2
1. Which country does not offer compulsory private health insurance
O Japan
Switzerland
Germany
Sweden
A Moving to the next question prevents changes to this answer.
arrow_forward
For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare?
arrow_forward
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.
arrow_forward
3. Given the following table|
Life expectancy
20 years
20.5 years
20.6 years
21 years
22 years
22.2 years
Treatment
Cost of treatment
No treatment
Drug A
Drug B
Drug C
Drug D
Drug E
$40,000
$30,000
$50,000
$80,000
$100,000
(a) Calculate the average cost-effectiveness ratio for drug A, B, C, D, E
(b) Calculate the ICER between drug B and drug C, and between drug E and drug D.
(c) Draw a cost-effectiveness frontier, where Y axis represents effectiveness, X axis represents
cost.
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- What is the term for a measure of Public Health directly related to the value of human life and the economic implications of the loss of individuals in a societyarrow_forwardSuppose that an effective vaccine against malaria were invented. Using Figure above, describe the vaccine’s effect on both health and income 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.arrow_forward2 Examples of sources of data for market failure in health.arrow_forward
- Approximately __________ million Americans are without health insurance.arrow_forwardThe Team Making Cents Challenge: Consider the graph below and explain the meaning of it with regards to investments in public health. 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.arrow_forwardQuestion 18 The highest percentage of uses of health care funds in the U.S. for 2010 was hospital care. research. home health care.arrow_forward
- QUESTION 8 The ACA emphasized population health for the first time in US history, since it aimed to get all Americans health insurance coverage and therefore “inside” the system for the first time. Population health differs from personal health in that: a. It does not focus on health outcomes b. It focuses more on health system performance than on the performance of any single health care organization type c. It focuses more on health disparities than on access to specialty care d. It focuses more on social determinants of health than quality measurementarrow_forwardMandy Cohen, former Secretary of the North Carolina Department of Health and Human Services, in her interview with Namita Seth Mohta, MD, identified two specific areas where healthcare and public health are moving toward the same goal. What are two areas she mentioned? infant mortality, teenage smoking teenage smoking, water quality water quality, early childhood education water quality, infant mortality 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.arrow_forwardDefine the roles of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) in health-care businesses. Make one (1) suggestion on how they can apply their knowledge to improve employee and patient satisfaction. Provide examples of such expertise in action to back up your claim.arrow_forward
- a. What is the arc price elasticity of demand for healthcare consumers in Japan using only this data? b. Using your estimated elasticity, what would the demand for health care be if the price in tokyo were raised to 30 per visit? What would the demand in Hokkaido be if the price were lowered to 5 per visit? Region Outpatient visits Price/ visit Tokyo 1.25/ month 20Y Hokkaido 1.5/ month 10Yarrow_forwardhand writtem solutionarrow_forwardFor Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare? (b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan’s treatment was same as John, $128,000, but cost to charge ratio for Hospital B was 0.25. How much payment hospital B would get from Medicare?arrow_forward
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