Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
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Chapter 5, Problem 9E
To determine
Measure of becoming a specialist and its
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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 payments
In 2018, approximately what was the national average daily rate for a private room in a long-term care facility?
What are the three major cost-reducing features of the Singapore health care system? Which one do you think has the largest effect on holding down the price of medical care in Singapore? What element of the Singapore system is shared by the Whole Foods and State of Indiana systems? What elements are missing? How difficult do you think it would be to implement those missing elements in the United States? Explain
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- describe Diagnostic Research Designarrow_forwardOne of the most important things an HMO should do to stay profitable is to make sure a) the medical costs’ rate of growth is below the rate of growth of premiums (revenues), and b) customer satisfaction does not slip. True Falsearrow_forwardIdentify three (3) “utility” in the dentistry field. Explain the significance of your Knowledge on it.arrow_forward
- Evaluate the economic impacts of adopting a universal healthcare system in a country with a predominantly private health insurance model. Consider the effects on government spending, healthcare accessibility and quality, labor market dynamics, and overall economic growth.arrow_forwardThe stated premise behind the production function for health is that medical care, when combined with other inputs and a person's own time, produces good health. What is the marginal contribution of medical care to the production of health in the United States? Will spending more money on medical care improve the health of Americans, or is there another strategy that would work better? How would your answer change if you were studying health in a less-developed country?arrow_forwardThe 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?arrow_forward
- Approximately __________ million Americans are without health insurance.arrow_forwardimprovement in technology usually result in lower cost of production or new and improved consumer goods and services .Assume that an improvement in medical technolgy result in an increase in life expectancy for people 65 years and older . How would this technolgical advance be likely to affect expenditure on health care?arrow_forwardidentify the four basic market structures, describe their role within health economics, describe the advantages and disadvantages of each market structure, and provide a specific health-care-related example of each market structure.arrow_forward
- For 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_forwardConsider two treatments. Treatment 1 saves one year of life at a cost of $10,000. Treatment 2 saves ten years of life at a cost of $1,000,000. Which treatment is more cost-effective? Why?arrow_forwardSources of data for Market failure in health.arrow_forward
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