Decisions for Tomorrow FRONT PAGE Material Wealth vs. Social Health National income accounts are regularly reported and widely quoted. They do not, however, adequately reflect the nation's social performance. To measure more accurately the country's social health, a Vassar College team of social scientists devised an Index of Social Health with 16 indicators, including infant mortality, drug abuse, health insurance coverage, and poverty among the aged. According to this index, America's social health increased only 6 percent from 1990 to 2011, despite a 34 percent increase in real GDP per capita. Source: Data from Institute for Innovation in Social Policy (Vassar College). 135 125 Real GDP 115 per capita Social health 105 95 06 85 1995 000 YEAR 066 a. Per capita GDP data (Click to select) the rise in U.S. well-being since 199O. b. How do you know? O Real per capita GDP growth is the same as the growth in social health. O Real per capita GDP growth is much greater than the growth in social health. O Real per capita GDP growth is much less than the growth in social health.

Decisions for Tomorrow FRONT PAGE Material Wealth vs. Social Health National income accounts are regularly reported and widely quoted. They do not, however, adequately reflect the nation's social performance. To measure more accurately the country's social health, a Vassar College team of social scientists devised an Index of Social Health with 16 indicators, including infant mortality, drug abuse, health insurance coverage, and poverty among the aged. According to this index, America's social health increased only 6 percent from 1990 to 2011, despite a 34 percent increase in real GDP per capita. Source: Data from Institute for Innovation in Social Policy (Vassar College). 135 125 Real GDP 115 per capita Social health 105 95 06 85 1995 000 YEAR 066 a. Per capita GDP data (Click to select) the rise in U.S. well-being since 199O. b. How do you know? O Real per capita GDP growth is the same as the growth in social health. O Real per capita GDP growth is much greater than the growth in social health. O Real per capita GDP growth is much less than the growth in social health.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose a hospital is planning about how many patients to treat over the next two years. One key factor the hospital needs to consider in its planning is that hospitals that see many patients in one year have lower costs of care in subsequent years. Let p be the price of hospital care, let 91 be the number of patients the hospital treats in year one, let q2 be the number of patients the hospital treats in year two, and let c₁ and c₂ be the hospital's per-patient cost in years one and two. The hospital's profits over the two year period are: II = (pic₁)91 + (p2 - c2)92 The hospital takes p1 and p2 as fixed and they choose q1 and q2 to maximize profits, II. (1) 1. Suppose, as a warm up exercise, that there is no learning by doing, and that the unit cost functions are as follows: c₁ = 21 and c2 = 92. Is the cost of caring for patients increasing or decreasing in the number of patients seen? Derive the supply function in periods one and two for the hospital. [Hint: Substitute the unit cost…
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Consider the issue of public spending in health care. Please provide brief discussions on each of the following issues. Discuss some of the concerns with public production of private goods, such as health care services. Discuss different forms of dealing with this problem. Discuss some of the concerns with public provision of private goods, such as health care services. Discuss different forms of dealing with this problem.
The following is the abstract from the paper, "The Impact of Health Insurance on Preventive Care and Health Behaviors: Evidence from the First Two Years of the ACA Medicaid Expansions," by Simon, Soni, Cawley (2017). The U.S. population receives suboptimal levels of preventive care and has a high prevalence of risky health behaviors. One goal of the Affordable Care Act (ACA) was to increase preventive care and improve health behaviors by expanding access to health insurance. This paper estimates how the ACA-facilitated state-level expansions of Medicaid in 2014 affected these outcomes. Using data from the Behavioral Risk Factor Surveillance System, and a difference-in-differences model that compares states that did and did not expand Medicaid, we examine the impact of the expansions on preventive care (e.g., dental visits, immunizations, mammograms, cancer screenings), risky health behaviors (e.g., smoking, heavy drinking, lack of exercise, obesity), and self-assessed health. We find…
The presence of wide variations, across states, in expenditure per Medicare enrollee, suggests that Medicare is redistributing income across states. Group of answer choices A.) True B.) False
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The following is an abstract from the paper "Discrimination in Health Care: A Field Experiment on the Impact of Patients' Socioeconomic Status on Access to Care," by Silvia Angerer, Christian Waibel, and Harald Stummer. We employ a large-scale field experiment to investigate the impact of patients' socioeconomic status on access to care. We request an appointment at more than 1,200 physicians in Austria, varying the educational level of the patient. Our results show that overall patients with a university degree receive an appointment significantly more often than patients without a degree. Differentiating between practice assistants and physicians as responders, we find that physicians provide significantly shorter response times and marginally significant shorter waiting times for appointments for patients with than without a university degree. Our results thus provide unambiguous evidence that discrimination by health providers contributes to the gradient in access to care.…