5) In 2012, a consumer spends $1000 on health insurance. In 2013, she decides to buy more, spending $1300. In 2014, she increases that amount further to $1500. In 2015, she stops increasing the amount she spends on health insurance. For this consumer in 2015: A. The marginal product from health insurance is greater than the marginal product from all other goods B. The marginal product from health insurance is equal to the marginal product from all other goods C. The last dollar spent on all other goods generates more utility than the last dollar spent on health insurance D. None of the above

1. Using three (3) illustrations, explain the concepts of disparities in health determinants and health outcomes.  2. In economics, efficiency is a critical concept in assessing the most effective utilization of resources. Discuss three types of economic efficiencies. Can efficiency reduce disparities in health determinants and health outcomes? If so, how?  3. Beyond efficiency, discuss four (4) ways the concepts of ethics and equity are applied to address health disparities.

The federal government gives a state a _____ grant, promising to pay the state $0.25 for every $1 the state spends on health care for senior citizens, which _____ the price of health care to the state by 20%.   a. block; increases   b. block; decreases   c. matching; increases   d. matching; decreases

How does the implementation of universal health care affect the allocation of medical resources in an economy? A. It leads to an overutilization of medical services, potentially causing longer wait. times. B. It reduces the overall cost of healthcare, leading to decreased spending on medical resources. C. It ensures that medical resources are only allocated to the most critical services. D. It increases the administrative costs of healthcare, reducing resources available for patient care.

1. The Beveridge Model in the United Kingdom controls costs by having mostly physicians who are public employees. True or false  2.The health care system in the U.S. and the Bismarck Model in Germany both rely mostly on private health plans for insurance coverage. True or false  3.The health care system in the U.S. and the Bismarck Model in Germany both rely mostly on private physicians to deliver care. True or false  4. The health care system in the U.S. has higher quality than the Beveridge system in the United Kingdom. True or false

Evaluate whether each statement is true or false and provide a one- or two- sentence explanation for your answer. 7. The ACA’s employer mandate says that the only reason employers with more than 50 employees would receive a penalty is if they do not offer health insurance coverage to their employees. 8. The ACA required that all states expand Medicaid eligibility to all nonelderly individuals who earned below 138% of the federal poverty line. 9. The ACA resulted in a large decrease in the rate of people without insurance in the US; this decline primarily came from people gaining insurance through Medicaid expansion