Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
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Question
Chapter 5, Problem 5E
To determine
Medical institutions and the practice of medicine.
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Which kind of externality problems exists in the market for medical checkup? How does this externality problem affect the efficiency of the market? Explain in detail.
Even though the total cost of an uninsured hospital stay is lower, why would an uninsured person actually end up paying more than those with insurance?
One of the significant problems in medical care markets may be the information problem. Asymmetric information has led to two important defects in the medical marketplace. What are they? How do these defects affect medical markets?
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- Why can’t a healthy lifestyle and a medical history with no major incidents be enough to guarantee low health care costs going forward?arrow_forwardSources of data for Market failure in health.arrow_forwardIf there were no third parties in medical care, medical care prices would be lower. Do you agree or disagree? Explain your answer.arrow_forward
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- Medical bills may be paid by any of the following methods except shifting consumption from one period to another. reducing your welfare loss. charity. family or friends. third party insurance companies.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_forwardSelect and explain at least one factor influencing health economics.arrow_forward
- What 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?arrow_forwardDiscuss your views on the effect of price on the demand for urgent or non-urgent medical care. Justify how access to care may be related to the value of good health.arrow_forwardWhat are the differences and similarities between health economics and other forms of economic study?arrow_forward
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