Indicate whether each statement is true or false, and justify your answer.A dominated treatment is one that is less cost-effective than another treatment (even though it may produce better medical outcomes).
Q: Indicate whether the statement is true or false, and justify your answer.Bismarck nations tend to…
A: The given statement is true.
Q: Indicate whether the statement is true or false, and justify your answer.At firms that do not…
A: False, because in this case there is no wage pass- through at firms without health insurance.
Q: Indicate whether each statement is true or false, and justify your answer.If a medical screening…
A: The given statement is false.
Q: Indicate whether each statement is true or false, and justify your answer.Medical experts are ideal…
A: In the Healthy technology Assessment (HTA) more specifically is involved with the evaluation of an…
Q: Indicate whether the statement is true or false, and justify your answer.The ratio of a disease’s…
A: Prevalence is a statistical term referring to the number of cases of a disease that occur in a…
Q: Reducing mortality from one disease necessarily increases the sum of the total mortality risk from…
A: Reducing mortality from one disease necessarily increases the sum of the total mortality risk from…
Q: 5 (True / False / Uncertain) The Comprehensive Care Physician Model aims to improve care by reducing…
A: In the United States, patients who require frequent hospitalization contribute for a…
Q: To test the parallel trends assumption, A. we check if Group A and Group B's average outcome follows…
A: Parallel trend assumption is required to be tested in difference in difference approach wherein the…
Q: Indicate whether the statement is true or false, and justify your answer.Patients are charged…
A: The patients charged based on the community rated plans on their risk. Not based on the premium.
Q: In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it…
A: The cost of illness can be used as a tool of economic assessment, as the main emphasis remains on…
Q: If organic virgin coconut oil (VCO) has been proven to enhance your immune system against corona…
A: Answer: Note: you have not mentioned but it seems true/false and I am answering this question as…
Q: Which plan is more economically viable? • Traditional Plan: Patients visit each service provider.…
A: Meaning of Traditional Economy: The term traditional economy refers to the situation under which…
Q: Indicate whether the statement is true or false, and justify your answer.Sickness funds in Bismarck…
A: In a Bismarck model, the sickness funds are private not publicly administered and they are…
Q: Indicate whether the statement is true or false, and justify your answer.Health insurance coverage…
A: True, health insurance coverage is mainly financed through payroll and other taxes, because…
Q: Indicate whether each statement is true or false, and justify your answer.If Medicare patients in…
A: False, because Boston may have a lesser health production functions than Boise and so need to spend…
Q: Indicate whether each statement is true or false, and justify your answer.There is no such thing as…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.In a typical Beveridge…
A: In a typical Beveridge system, patients must get a transfer from a general practitioner before they…
Q: Indicate whether each statement is true or false, and justify your answer.The cost-effectiveness…
A: The cost effectiveness frontier (CEF) treatment strategies for a condition are not conquered by any…
Q: Indicate whether the statement is true or false, and justify your answer.Viable organs, while…
A: False, because organs accessible for transplant are extremely scare. However the richest people in…
Q: Indicate whether the statement is true or false, and justify your answer.In Canada, unlike in the…
A: False, because Currie in 2003 showed that the gap does make wider in Canada after age 10.
Q: Indicate whether each statement is true or false, and justify your answer.A country operating below…
A: In this case, a country that is below its own health production frontier is supposed to be…
Q: Indicate whether the statement is true or false, and justify your answer.There is great emphasis in…
A: False, because private insurance survive in all Beveridge country.
Q: Even with the new incentives for new insured enrollees to access primary care services there are…
A: The equilibrium in the market is obtained at the intersection of the demand and the supply curves in…
Q: Indicate whether the statement is true or false, and justify your answer.In employer-sponsored…
A: Nominally true that many employers give a portion of health insurance premiums for their workers, in…
Q: What is your assessment of Pearson's work on efficacy so far? Are you impressed? What are the key…
A: Pearson's Assessment division is an important part of the company's overall portfolio. This services…
Q: Indicate whether the statement is true or false, and justify your answer.There were more hospitals…
A: True, because the part of this growth was prompted by the Hill – Burton act of 1946.
Q: Indicate whether the statement is true or false, and justify your answer. Aging shifts the marginal…
A: If aging occurs in an economy, then the depreciation rate of health increases this causes movement…
Q: Indicate whether the statement is true or false, and justify your answer.Universal health care in…
A: The doctors as well as the hospitals are privatized under the Bismarck countries whereas they will…
Q: In the context of regulating new drugs, a type I error occurs when and a type II error occurs when A…
A: Type 1 error means rejeccting the H0 when it is true . Whereas Type II Error :- accepting H0 when…
Q: Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis…
A: Cost-benefit analysis (CBA) is used as medium for evaluating the economic efficiency of suggested…
Q: The cost-effectiveness frontier (CEF) shows the subset of treatment strategies which are not…
A: In economics, the cost-effectiveness frontier refers to the graphical representation of cost and…
Q: Indicate whether each statement is true or false, and justify your answer.If health disparities…
A: The variations in income levels or priorities for unhealthy habits of the sub-populations of a…
Q: Indicate whether the statement is true or false, and justify your answer.In the RAND HIE, the arc…
A: Here the people are prices sensitive when it comes to further urgent health care. However, the arc…
Q: Indicate whether the statement is true or false, and justify your answer.To date, no major health…
A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…
Q: Indicate whether the statement is true or false, and justify your answer.Health status earlier in…
A: Answer: True, health status earlier in life is indeed a good predictor of wealth later in life.…
Q: Indicate whether the statement is true or false, and justify your answer.A disease that is very…
A: The welfare loss is the loss of the economic wellbeing of the society which is caused because of the…
Q: The UN Committee on Economic, Social, and Cultural Rights (CESCR) is charged with interpreting the…
A: It qualifies individuals for a system of health security, including the anticipation, treatment and…
Q: The Beveridge model in the United Kingdom reduces moral hazard by having public providers compete to…
A: Moral hazard is a situation in which a person involves in some risky event by knowing that his/her…
Q: Indicate whether the statement is true or false, and justify your answer.Unlike in the US, there are…
A: False
Q: Indicate whether the statement is true or false, and justify your answer.NICE conducts health…
A: The National Institute for Health and Care Excellence (NICE) role is to improvise the quality of…
Q: Indicate whether each statement is true or false, and justify your answer.Both ICERs and ACERs…
A: False
Q: Indicate whether each statement is true or false, and justify your answer.Prospective payment…
A: Under prospective payments systems, the hospital charges a fixed price to the patient which differs…
Q: Indicate whether the statement is true or false, and justify your answer.One hundred percent of…
A: The Beveridge Model is a model of the healthcare system in which healthcare is provided to the…
Q: Suppose that population ageing in a given country is due entirely to an increase in life expectancy…
A: According to Zweife et al. the health expenditure tends to increase with increase in the age of the…
Q: Indicate whether the statement is true or false, and justify your answer.Barriers to care erected by…
A: Personal gains generated from the purchase of commodities and facilities are referred to as consumer…
Q: Indicate whether the statement is true or false, and justify your answer. In the Grossman…
A: Grossman's model explains that people can improve their health by doing exercise and follow diet…
Q: Indicate whether the statement is true or false, and justify your answer.Queuing care is never…
A: If an individual has an opportunity to maximize the risk intensity since it does not pay the maximum…
Indicate whether each statement is true or false, and justify your answer.
A dominated treatment is one that is less cost-effective than another treatment (even though it may produce better medical outcomes).
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- Indicate whether the statement is true or false, and justify your answer.Disproportionate spending on end-of-life care is never clinically justifiable.You have been recruited as an expert in health economics to recommend what is the best therapy for a group of patients. In the image below you will find the decision tree showing the probabilities for different health states and outcomes for patients undergoing two possible treatments, No drug therapy and Drug therapy. Based on the expected cost, which therapy would you recommend as the least expensive? Explain how you arrived at your recommendation and show your calculations the space provided. No drug theraphy ? Drug theraphy ? HEALTH STATES PROBABILITIES Remain in Good Health 0.5 Develop disease A 0.2 Develop disease B 0.2 Die 0.1 Remain in Good Health 0.53 Develop disease A 0.16 Develop disease B 0.22 Die 0.09 OUTCOMES (Costs) $0 $400 $300 $200 SO $800 $500 $0In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical products is illegal or tightly controlled. Which of the following is NOT a reason why DTC is tightly controlled? DTC have the potential to drive up spending on drugs and exacerbate moral hazard. DTC makes patients aware of new remedies. DTC can put a strain on doctor-patient relationship when patients demand some drugs that are not necessary or not the best options. Asymmetric information: consumers are not in a good position to determine if a drug is what they need.
- Indicate whether the statement is true or false, and justify your answer.Barriers to care erected by managed care organizations, such as requiring patients to visit gatekeeper physicians prior to seeking specialist care, can increase consumer welfare.Indicate whether each statement is true or false, and justify your answer.Both ICERs and ACERs compare two drugs on the basis of both cost and medical efficacy.explain what implications physician-induced demand has for healthcare policy
- Sources of data for Market failure in health.Which method(s) of payment to physicians will most likely result in higher total charges due to volume of services provided? Capitation. Salary. Fee-for-service (FFS). RBRVs. Methods based on patient outcomes.The price elasticity of demand for health care has been estimated to be −0.2. Characterize this demand as price elastic, unit price elastic, or price inelastic. The text argues that the greater the importance of an item in consumer budgets, the greater its elasticity. Health-care costs account for a relatively large share of household budgets. How could the price elasticity of demand for health care be such a small number?
- Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis (CBA) allows us to pick an optimal treatment from the list of potentially cost-effective treatments.Consider two treatments. Treatment 1 saves one year of life at a cost of $10,000. Treatment 2 saves ten years of life at a cost of $1,000,000. Which treatment is more cost-effective? Why?Demand studies in health care have provided estimates of both income and price elasticity. Estimates of income elasticity are usually above +1.0. Estimates of price elasticity typically range between -0.1 and -.75 (with hospital services at the lower end and elective services at the upper end). What information do these estimates convey? What does the price elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers' decisions? What does the income elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers' decisions?