Expansion of the Michigan Medicaid program in 2014 is credited with O reducing both the number of uninsured in the state and the burden of uncompensated care borne by hospitals O reducing the number of uninsured in the state, but increasing the burden of uncompensated care borne by hospitals increasing the number of uninsured in the state, but reducing the burden of uncompensated care borne by hospitals increasing both the number of uninsured in the state and the burden of uncompensated care borne by hospitals

Expansion of the Michigan Medicaid program in 2014 is credited with O reducing both the number of uninsured in the state and the burden of uncompensated care borne by hospitals O reducing the number of uninsured in the state, but increasing the burden of uncompensated care borne by hospitals increasing the number of uninsured in the state, but reducing the burden of uncompensated care borne by hospitals increasing both the number of uninsured in the state and the burden of uncompensated care borne by hospitals

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Pls help me to complete below homework. I will upvote you !! Describe the principal agent relationship between doctors and patients. Discuss why it exists and the potential adverse issues the can arise from the nature of this relationsip.
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Which of the following solutions do not help offset uncompensated care costs? Medicare and Medicaid provide disproportionate-share payments to hospitals whose patients are mostly publicly insured or uninsured. State and local taxes help pay for additional charity care and safety-net programs provided through public hospitals and local health departments. Uninsured individuals have access to acute care through a federal law that requires most hospitals to treat all patients requiring emergency care. O ACA decreased funding to federally qualified health centers
We discussed a few key provision of the ACA and described a "three-legged stool." The idea underlying this approach was that _____ was necessary to prevent adverse selection, _____ was necessary to prevent a regressive-policy, and ____ was necessary to prevent underinsurance. a. individual mandate; Medicaid expansions & subsidies; regulations on the individual market b. Medicaid expansions & subsidies; regulations on the individual market; the individual mandate c. Medicaid expansions & subsidies; the individual mandate; regulations on the individual market d. regulations on the individual market; individual mandate; Medicaid expansions & subsidies
18. Which of the following best describes the major problems of health care in the U.S? O Poor results - U.S. lifespan is among the lowest of the high-income countries while infant mortality is among the highest. Both high costs and poor results in terms of life span and infant mortality. Lack of choice - there is only one U.S. health insurer, which is a regulated monopoly. High costs - the U.S. spends more on health care than any other country.
Suppose you are a politician being criticized in a debate for your commitment to reducing the growth of medical spending. Which of the following is the most appropriate response? O a. There is empirical evidence that medical spending should be capped at 15 percent of GDP. O b. Reducing wasteful health care spending could provide additional funding to the education sector. O c. High health care spending is harmful to bur economic well-being. O d. Fixing treatment prices will lead to greater innovation. Oe. Other developed nations spend far less of their GDP on health care.
2 Why is the growth of managed care plans a relatively recent phenomenon? Describe governmental policies and practices that have encouraged managed care organizations and inhabited them?
1. Medicaid work disincentive effects. Consider Figure 18.7, which depicts the labor market disincentive effects of Medicaid. In the figure:• L is the number of hours worked per year.• ¯I is the income threshold for Medicaid eligibility. If a worker earns less than ¯I, he is eligible for C free units of health care, which cost p per unit on the open market.• The solid line indicates the total compensation (wage plus Medicaid benefits) that a worker earns as a function of L, hours worked.• The slope of the solid line reflects the hourly wage a. In this model, workers earn the same total assets whether they work L1 or L2 hours. Is the worker better off at L1 or L2 hours of work?
Beatrix Hoffman argues that the influential role of private profit-making companies in the US health care system has historically led to... O Lower costs O Higher costs but a more patient-friendly system O Better health outcomes relative to other wealthy nations O Higher costs and a more fragmented and complex system
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17 Medicaid work disincentive effffects. Consider Figure 18.7, which depicts the labor market disincentive effffects of Medicaid. In the fifigure: L is the number of hours worked per year. ¯I is the income threshold for Medicaid eligibility. If a worker earns less than I¯, he is eligible for C free units of health care, which cost p per unit on the open market. The solid line indicates the total compensation (wage plus Medicaid benefifits) that a worker earns as a function of L, hours worked. The slope of the solid line reflflects the hourly wage. a. The interval from L1 to L2 is called the Medicaid notch or, less colorfully, the Medicaid work disincentive region. Explain why an individual does not elect to work between L1 and L2 hours. Figure 18.7. The Medicaid notch.(Imaged is attached) b. In this model, the value of Medicaid to the worker is set to the price of health care times the quantity of health care transferred (pC). Is pC more than, less than, or equal to the value…