TABLE 4-VARIOUS MEASURES OF PREDICTED ANNUAL USE OF MEDICAL SERVICES,BY INCOME GROUPi)ii)PlanLikelihood of Any Use (Percent)82.8FreeFamily Pay25 Percent50 Percent95 PercentIndividualLowestThirdMean50 Percent95 PercentIndividualDeductibleExpenses (1984 $)FreeFamily Pay25 Percent50 Percent95 PercentIndividualDeductible71.864.761.710.039.088.779.26Deductible65.3Likelihood of One or More Admissions (Percent)FreeFamily Pay10.6325 Percent788680610581IncomeMiddleThirdMean87.460980.176.268.973.910.148.448.067.389.44736588550494HighestThirdMean59490.184.882.373.879.110.357.977.777.079.88809623590527Significance Testston Contrast of:670Middlevs. LowestThirds4.915.454.353.966.09-0.91-2.95-1.78-2.790.31-1.78-3.17-1.89-3.09Highestvs. LowestThirds5.906.284.864.647.09-0.35-2.75-1.66-2.46-0.57Assume average income in the bottom, middle, and top income terciles make $15,000,$50,000, and $100,000, respectively. Focusing on expenses as the outcome (among thepeople randomized to the "Free" plan), what is the income elasticity of demand forhealthcare using the midpoint method by comparingMiddle vs Lowest tercilesTop vs Lowest terciles0.680.53-1.47-0.49-1.411.38

Income elasticity of demand (YED) is a measure in economics that quantifies the responsiveness of…

Assume average income in the bottom, middle, and top income terciles make $15,000 $50,000, and $100,000, respectively. Focusing on expenses as the outcome (among th people randomized to the "Free" plan), what is the income elasticity of demand for healthcare using the midpoint method by comparing Middle vs Lowest terciles Ton vs I owest terciles i) A

Assume average income in the bottom, middle, and top income terciles make $15,000 $50,000, and $100,000, respectively. Focusing on expenses as the outcome (among th people randomized to the "Free" plan), what is the income elasticity of demand for healthcare using the midpoint method by comparing Middle vs Lowest terciles Ton vs I owest terciles i) A

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12: Medicare

Section: Chapter Questions

Problem 5QAP

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