In 2017, health care spending in the US accounted for approximately of the GDP. 5% 17% O 25% O 38% 45% QUESTION 2 Without any change to the health insurance system, by 2082, health care spending in the US is expected to reach 5% O 18% O 25% 49% QUESTION 3 The main reason why health care spending is increasing over time is O Increasing administrative costs Increasing uncompensated care population aging increase in sophistication and quality of medical services the Affordable Care Act QUESTION 4 Regarding health insurance, the number of uninsured individuals in the US is approximately 8 million 18 million 28 million 48 million 98 million of the GDP.

PRINCIPLE OF HEALTHCARE FINANCE

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

Suppose that one course of treatment costs $500,000. If given to patient A, it will increase life expectancy by one month; for patient B, by two months; for patient C, by three months; and for patient D, by four months. The marginal cost per additional year of life for the patient most likely to benefit is and the marginal cost per additional year of life for the patient least likely to benefit is O $500,000; $2 million $1.5 million; $6 million $200,000; $500,000 O $2 million; $500,000 $6 million; $1.5 million

Ivey, Great distinction you've made between individual and national demand factors, which is particularly important for understanding the broader economic implications of healthcare demand. For example, the aging population and changing family structures you mentioned not only affect demand directly through increased need for medical services but also have significant implications for healthcare financing and policy. Furthermore, your critique of using life expectancy and infant mortality rates as sole measures of health status introduces an important discussion about the nuances of evaluating healthcare systems. It's crucial to consider a wider range of indicators to capture the complexity of health outcomes and system efficiency. Considering your insights, how do you think healthcare policies can be designed to address these multifaceted factors influencing demand, particularly in the context of ensuring equitable access to care across different demographic groups and regions within…

A group of 200 people seek out an insurance company to underwrite health insurance for its members. It expected medical spending for the group is $1,200,000, what will the average premium bn If the health insurance company adds a leading fee of 20 percent? $14,400 $12,000 O $7,200 O $6,000

6. Answer which happens, moral hazard or adverse selection, or nothing happens under each of the following situations. [M20]: A driver drives a car rough because s/he has a property insurance of a car. b. Adverse selection [M21]: Since a driver cannot distinguish among qualities of cars, s/he may buy a bad one. a. Moral hazard c. nothing a. Moral hazard b. Adverse selection c. nothing [M22]: Banks look for lenders, but most customers who apply for loans seem to have difficulty repaying them even in assuming they make an identical effort. a. Moral hazard b. Adverse selection c. nothing