Economics for Healthcare Managers, Third Edition
3rd Edition
ISBN: 9781567936766
Author: Robert H. Lee
Publisher: Health Administration Press
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Chapter 1, Problem 4E
To determine
The plan with the larger burden on those with the income less than 25,000.
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26) If an employee receives health insurance through his or her employer, the employer
A) still withholds contributions for Medicare and Medicaid from the employee's paycheck.
B) still withholds contributions for Medicare, but not Medicaid, from the employee's paycheck.
C) still withholds contributions for Medicaid, but not Medicare, from the employee's paycheck.
D) is no longer required to withhold contributions for Medicare or Medicaid from the employee's paycheck.
27) Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues and do so before the act fully takes effect in the year 2014.
B) By 2016, fines for not having health insurance will be the greater of $695 per person or 2.5 percent of income.
C) Beginning in 2014, individuals who do not…
How can I Analyze the effect of healthcare reform on the healthcare consumer who uses the Insurance company launching a new medical product for the health insurance exchange
How do economic evaluations in Healthcare inform policy and other decision makers
Chapter 1 Solutions
Economics for Healthcare Managers, Third Edition
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Similar questions
- What does income elasticity of demand mean for insurance companies and medical providers for making a decision?arrow_forwardWhat are the differences and similarities between health economics and other forms of economic study?arrow_forwardFor a person who previously had no insurance and received an insurance plan paying for 80 percent of all types of medical care, what increase in use would you expect for hospital care, dental care, and physician services, on average?arrow_forward
- 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?arrow_forwardSuppose the income elasticity of demand for health care insurence is 0.3. If the level of income decreasesd by 1 percent , The demand for health insurence will 1.rise By.29 percent 2.rise by 0.3 percent 3.Fall by .29 percentarrow_forwardBased on Friedman and savage utility of income what factors affect demand for health insurance?arrow_forward
- What percentage of total health expenditures in the United States are paid for by government ( Federal, State and local)?arrow_forwardWhich of the following is NOT a healthcare good or service? A)Vaccine B)Patient advocate (social worker) C)Life insurance D)Privately purchased a knee bracearrow_forwardWhat does price elasticity of demand mean for insurance companies and medical providers for making a decision?arrow_forward
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