Aggregate U.S. health care spending in 2017 was approximately Group of answer choices 5.2 percent of domestic output (GDP). 13.1 percent of domestic output (GDP). 17.9 percent of domestic output (GDP). 21 percent of domestic output (GDP).

What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share.  Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan  There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…

The proportion of an insurance company’s premium income spent on provision of treatments is called the         formulary.     capitation per member per month.     point of service.     medical loss ratio.     total premium.

Descriptive economics involves conducting a cause-and-effect analysis.TrueFalse DRGs are a patient classification system.TrueFalse Medicare consists of four parts.TrueFalse