The figure below plots health and health care expenditures for two cities. Despite significant variation in health expenditures, Medicare enrollees in La Crosse, wi were just as hoanny as chose in Health La Crosse, WI - HPF Miami, FL Health expenditures CHECK ALL THAT APPLY If both cities share the same health production function (HPF). the vertical distance between Miami and the HPF represents the health improvements that Mami could achieve for free we must assume that both cities share the same medical technologies, similar medical input prices, and the same population health needs both cities may be investing in health optimally given their local characteristics and constraints the horizontal distance between Mami and the HPF represents wasted spending

The figure below plots health and health care expenditures for two cities. Despite significant variation in health expenditures, Medicare enrollees in La Crosse, wi were just as hoanny as chose in Health La Crosse, WI - HPF Miami, FL Health expenditures CHECK ALL THAT APPLY If both cities share the same health production function (HPF). the vertical distance between Miami and the HPF represents the health improvements that Mami could achieve for free we must assume that both cities share the same medical technologies, similar medical input prices, and the same population health needs both cities may be investing in health optimally given their local characteristics and constraints the horizontal distance between Mami and the HPF represents wasted spending

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter7: The Market For Health Insurance

Section: Chapter Questions

Problem 3QAP

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Suppose the government imposes a system of price ceilings in the health care industry as part of an overall health care reform bill. a) draw a graph of the health care market and show equilibrium price and quantity. b) assume the government imposes an effective price ceiling in the health care market. Show the price ceiling in your graph. Indicate what will happen to quantity demanded and quantity supplied of health over time ? c) would a shortage or surplus result ? I llustrate in your graph.
Suppose that you graph nations' health expenditures against income and see that the US's point lies below others (like in the stylized figure below). From the graph below, it appears that the US is However, this may not be the case if C Health Switzerland UK US Health expenditures HPF productively efficient; The US has a population that prefers spending their resources on health productively inefficient; The US has a population that prefers spending their resources on health productively efficient; The US has lower levels of inherent health, therefore it has its own HPF which is lower than the others. productively inefficient; The US has lower levels of inherent health, therefore it has its own HPF which is lower than the others.
There is considerable evidence that societies that spend more on social services - housing, income support, food, transportation, built environment, community safety - spend less on health care, all other things equal. Why might this be true? After spending so much on social services, there is simply less to go around for health care. a. Much of health care spending occurs because people are lonely and desperate for someone to talk to, and health professional have to let them in *the door. Ob. c. The "finding" is an illusion, some countries mask health spending within the social sector and vice versa. Od. Stronger social environments enable people to be healthier and more resilient without health system intervention.
Provide at least five determinants of health at an economic perspective and provide a brief explanation of each determinant.
Describe Grossman's Improvement Model of Health. How does Grossman reconcile health as both something in demand and something produced by individuals?
Preventive care is not always cost-effective. Suppose that it costs $100 per person to administer a screening exam for a particular disease. Also suppose that if the screening exam finds the disease, the early detection given by the exam will avert $1,000 of costly future treatment. a. Imagine giving the screening test to 100 people. How much will it cost to give those 100 tests? Imagine a case in which 15 percent of those receiving the screening exam test positive. How much in future costly treatments will be averted? How much is saved by setting up a screening system? b. Imagine that everything is the same as in part a except that now only 5 percent of those receiving the screening exam test positive. In this case, how much in future costly treatments will be averted? How much is lost by setting up a screening system?
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Jay Bhattacharya and M. Kate Bundorf of Stanford University have found evidence that people who are obese and work for firms that have employer-provided health insurance receive lower wages than people working at those firms who are not obese. At firms that do not provide health insurance, obese workers do not receive lower wages than workers who are not obese. Source: Jay Bhattacharya and M. Kate Bundorf, "The Incidence of the Health Care Costs of Obesity," Journal of Health Economics, Vol. 28, No. 3, May 2009, pp. 649-58. Firms that provide workers with health insurance may pay a lower wage to obese workers than to workers who are not obese because the former tend to be less healthy and consequently A. more costly to insure and therefore employ due to their higher claim submission rate. B. less productive at work. C. experience higher rates of absenteeism and early retirement. D. all of the above. E. A and B only. Regarding the…
Briefly discuss the demand and supply factors that contribute to rising health costs. Specify how (a) asymmetric information, (b) fee-for-service payments, (c) defensive medicine, and (d) medical ethics might cause health care costs to ris
. Has Medicaid expansion improved health outcomes to eligible populations? Briefly discuss your answer
Briefly discuss the "free rider" concept as applied to health care.