Suppose that you have data at the individual level that includes information on the price of a docto visit an individual and the number of doctor visits they go to in a given year. For simplicity, let's say that those with more generous plans pay less for a doctor's visit, while those with less generous plans pay more for a visit. You graph the relationship between the price individual pays for doctor visits against the number of visits, and you see a downward sloping line; let's call this "measured demand." The problem of "endogeneity" discussed this week could arise here if individuals who know they go to the doctor frequently buy. generous coverage while those who know they rarely go to the generous coverage. This would imply that the "measured" demand curve is more elastic than the "true" demand curve. doctor purchase. more; less more; more

Suppose that you have data at the individual level that includes information on the price of a docto visit an individual and the number of doctor visits they go to in a given year. For simplicity, let's say that those with more generous plans pay less for a doctor's visit, while those with less generous plans pay more for a visit. You graph the relationship between the price individual pays for doctor visits against the number of visits, and you see a downward sloping line; let's call this "measured demand." The problem of "endogeneity" discussed this week could arise here if individuals who know they go to the doctor frequently buy. generous coverage while those who know they rarely go to the generous coverage. This would imply that the "measured" demand curve is more elastic than the "true" demand curve. doctor purchase. more; less more; more

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12A: Appendix 12a Changing Demographics: The Aging Of America

Section: Chapter Questions

Problem 1QAP

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The graph above shows an Engel curve for health (H) in (a) and an Engel curve for medical care (m) in (b). Which one of the following describes the possible impact of income growth on Health in from the "fast lane" effect? O O As income nises there will be higher utilization of medical care and lower stock of health As income falls there will be higher utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and higher stock of health
Briefly explain the linear relationship between income levels and health Status.
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Show how a consumer would choose between medical care and health(y) behavior activities using the graphical representation of the consumer choice model (assume that “amounts” of healthy behavior have “costs” or prices).
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HEALTH ECONOMICS QUESTION: IN THE GRAPH BELOW, HOW WOULD THE EQUILIBRIUM CHANGE IF THE CONSUMER BECAME WEALTHY, PLEASE INSERT WHERE THIS CURVE WOULD BE IN THE GRAPH.
Please paraphrase this answer with your own words (not AI) making sure it correctly answers this question: Explain why the percentage of all money paid to hospitals “out of pocket” is much smaller than the percentage of money paid out of pocket for all health care goods and services. Compared to all healthcare goods and services, the percentage paid out-of-pocket for hospital care is lower because it costs more than other types, but it's possible that the actual amount paid for hospital care out of pocket will still be substantial even if only a smaller percentage of costs are covered. Similarly, when it comes down to different healthcare options available out there, hospitals tend to have a greater sense of urgency attached which makes them an essential component in treating diseases, thus making sure that the financial aspect does not hinder the patient's decision-making process while seeking medical aid. Insurance policies that cover hospitals are typically more thorough than…