Indicate whether the statement is true or false, and justify your answer.Disproportionate spending on end-of-life care is never clinically justifiable.
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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.
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- Sources of data for Market failure in health.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?Supply and demand encompass the health care workforce, just as they do any other service providers. Describe the role that public policy plays when discussing physician shortages
- 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.Since the passage of Medicare in 1965, what has happened to overall medical spending for the elderly? Per capita spending? Out-of-pocket spending? How does this compare with healthcare spending by the non-elderly?Select and explain at least one factor influencing health economics.
- In spite of its early popularity, the Patient Protection And Affordable Care Act of 2010 (ACA) had not improved by 2020. What percentage of Americans considered its complete repeal a good thing? 20 percent 30 percent 40 percent 50 percent 60 percentIndicate whether the statement is true or false, and justify your answer.Queuing care is never optimal because it increases wait times and provides no concomitant benefit.Which concept of market efficiency is violated when health consumption is subsidized for the patient? Overall efficiency Fairness efficiency Normative efficiency Pareto optimality
- 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?U.S. health spending per capita in 2012 was less than $3,000. between $3,000 and $5,000. between $5,000 and $7,000.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.