Indicate whether the statement is true or false, and justify your answer.There were more hospitals in the US in the late 1990s than there were in 1940; the largest source of growth has been among for-profit hospitals.
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A: While obesity generally results in higher per-year medical costs, obese individuals do not typically…
Q: Indicate whether the statement is true or false, and justify your answer.In the 1970s, researchers…
A: The given statement is false.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Besides the…
A: Insurance customers can also use coinsurance, deductibles and monitoring techniques to decrease…
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 the statement is true, false, or unclear, and justify your answer.If a health…
A: The moral hazard refers, the situation in which one party engaged on a risk by knowing that other…
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: 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…
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A: Many health systems and program predicted an assumption of population growth. The increasing life…
Q: Indicate whether the statement is true or false, and justify your answer.The NHS internal market…
A: True, because such negotiation contracts were intended to help make hospital cheaper and more…
Q: Explain how an “individual mandate," where every resident of a country is required by law to…
A: Insurance is a way used by individuals and firms to prevent any event from having a huge detrimental…
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 each statement is true or false, and justify your answer.High health care…
A: True, because these factors could explain that certain regions spend more on health care but do not…
Q: Indicate whether the statement is true or false, and justify your answer.The average length of…
A: Hospital costs make up for almost 40 percent of the personal health care expenses in the U.S. The…
Q: Indicate whether the statement is true or false, and justify your answer.In recent years, each…
A: Answer - Medicare Tax Receipts - It is a payroll tax. It is an employee and employer tax, which…
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A: answer is in 2nd step:
Q: Faustian health economics. Consider Figure 11.10, which shows the locus of feasible contracts for…
A: 1. In the Southeast area of the graph, the utility is the highest. But the problem with the…
Q: Indicate whether each statement is true or false, and justify your answer.There are several survey…
A: Answer - Survey method - It is research method which used for collecting data from a predefined…
Q: Indicate whether the statement is true or false, and justify your answer.Patients in France…
A: The French healthcare system includes public and private hospitals, doctors, outpatient care and…
Q: Many consider the profit motive of physicians and hospitals a moral hazard, and if patient care…
A: Moral Hazards: Moral hazards refers to the situation where a person’s risk is borne by another…
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…
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A: False, because private insurance survive in all Beveridge country.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.When the price…
A: The given statement is true.
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A: Demand is the consumer side aspect and supply is the producer side. when these both come together,…
Q: Indicate whether the statement is true or false, and justify your answer.In part, physicians’…
A: In this case, the training process turn into a doctor is more costly in terms of both time and…
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: (A positive) prevalence elasticity (of demand for self-protection) implies that when the prevalence…
A: Elasticity of demand refer to the responsiveness of the percentage change in quantity demanded to…
Q: Indicate whether the statement is true or false, and justify your answer.The RAND HIE found that…
A: The people assigned to be free health plan likely to frequently visit the hospital and also were…
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: Indicate whether the statement is true or false, and justify your answer.Having generous insurance…
A: The given statement is false.
Q: In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical…
A: Direct-to-consumer(DTC): This term is used when the products are sell to the consumers directly that…
Q: Indicate whether the statement is true or false, and justify your answer.For a given disease (with…
A: Solution- Need to be evaluate - Statement is true or false For a given disease (with all else…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.It would be easy…
A: False
Q: Indicate whether the statement is true or false, and justify your answer.The fact that practicing…
A: The Rate of return (ROR) on investment is the net loss or profit that an investor gets when he/she…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.The fact that…
A: Risk-averse behavior of individual states that if the person is exposed to the risk, he or she will…
Q: Indicate whether the statement is true or false, and justify your answer.Many countries in the world…
A: Many countries in the world have experienced increases in the number of obese individuals in their…
Q: Indicate whether each statement is true or false, and justify your answer.One reason why total…
A: Health expenditures include various expenses like medical expenses, insurance expenses, etc. It also…
Q: Indicate whether the statement is true or false, and justify your answer.In the US, well-educated…
A: Socioeconomic status refers to the social position of an individual or household relative to other…
Q: True or False. An all-you-can-eat buffet is a classic example of moral hazard, because a price…
A: Answer: An all-you-can-eat buffet is not a classic example of moral hazard. This is an example of…
Q: Indicate whether the statement is true or false, and justify your answer.Disproportionate spending…
A: Some disproportionate spending on EOL (end-of-life) care is worthless or wasteful, but in many other…
Q: Indicate whether the statement is true or false, and justify your answer.People who drop out of high…
A: False According to Grossman Model, the marginal efficiency of investment curve shifts out with…
Q: Indicate whether the statement is true or false, and justify your answer.An hour spent exercising…
A: Free lunch zone: The term “free lunch zone” refers to the situation where there is no cost incurred.…
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 the statement is true or false, and justify your answer.Higher values of the…
A: Different forms of market structures differ in their level of competitiveness, ranging from highly…
Q: The Bismarck Model in Germany controls costs by allowing private insurers to negotiate competitive…
A: Basics:- A particular fund is managed where citizens pay their share to the pool. Initially it was…
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.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.The take-up rate of health…
A: The health insurance would result in the coverage of medical expenses for the individuals by a fixed…
Q: Indicate whether the statement is true or false, and justify your answer.Reducing mortality from one…
A: Mortality risk is the risk of death, which is used to indicate the mortality rate or the number of…
Indicate whether the statement is true or false, and justify your answer.
There were more hospitals in the US in the late 1990s than there were in 1940; the largest source of growth has been among for-profit hospitals.
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- According to Gaynor, Laudicella, and Propper (2011), In the U.K., most hospitals are owned by the government, rather than privately held. In a setting where most hospitals are not owned by the government (such as in the U.S.), what effect do you predict that hospital mergers would have on the price of hospital care? Presumably, hospital mergers would lead to reduced competition and higher prices for any given type of care.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.In 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.
- 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?Section 2.4 lists six trends in the US healthcare system. Which of these trends can best be attributable, in part, to the trend of rapid technological change? Group of answer choices Steady increase in the number of uninsured Americans Slower growth of the inpatient sector The shrinking share of direct consumer payments The growing share of direct consumer paymentsWhat effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability?What policies and procedures should be used by the MCOs to reduce costs for their clientele?
- There have been shifts in policy regarding the regulation of managed care organizations intended to protect the consumer from rationed care. Are current regulations working or are they adding to already too much regulation and associated cost of providing healthcare in the U.S.?According to Gaynor, Laudicella, and Propper (2011), Can you think of reasons why hospital mergers might lead to improvements in the quality of care for a given level of inputs (which is one measure of hospital productivity)? Learning by doing may be facilitated by hospital mergers. Large hospitals can achieve more specialization and consequently their costs of care may be lower.Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). Name three other providers of urgent care services.
- Below is the abstract of a recentNational Bureau of Economic Research working paper entitled “Can governments do it better? Merger mania and hospital outcomes in the English NHS” by Martin Gaynor, Mauro Laudicella, and Carol Propper (2011). The literature on mergers between private hospitals suggests that such mergers often produce little benefit. Despite this, the UK government has pursued an active policy of hospital mergers. These mergers are initiated by a regulator, acting on behalf of the public, and justified on the grounds that merger will improve outcomes. We examine whether this promise is met. We exploit the fact that between 1997 and 2006 in England around half the short term general hospitals were involved in a merger, but that politics means that selection for a merger may be random with respect to future performance. We examine the impact of mergers on a large set of outcomes including financial performance, productivity, waiting times and clinical quality and find…True or False. There is no such thing as “too much competition” in the private hospital market. Be sure to justify your answer.Your hospital is the only hospital for hundreds of miles with a particular therapy. The inverse demand function for this therapy is given as:P = $12,500 – 5Qd, where Qd is the annual quantity demanded.While your fixed costs are high (due to the cost of specialized machines), your marginal costs for a full treatment are ‘just’ $600 per treatment. 11. If you set a single price to maximize profits, what quantity will you supply each year?(Guidance: The marginal revenue (MR) function has the same y-axis intercept as the inverse demand function, but twice the slope. Set MR equal to MC and solve for Q.) 12. What is the price for treatment? (Hint, plug your quantity from 11 into theinverse demand function.) 13. If the treatment is priced at the marginal cost to your company, how manytreatments will be provided per year? 14. What is the deadweight loss due to monopoly power in this market? (This is covered in one of the lessons.)