Reducing the cost of medical care through insurance coverage reduces its usage. Select one: True False

Q: In what way is insuring for a medical loss different from insuring for any other loss?

A: Insurance is a method used by the people to protect themselves from uncertain or unexpected…

Q: Which method would you use to evaluate a new medication based only on the cost? Cost effectiveness…

A: Cost-based analysis: Cost-based analyses are done by the systematical derivation and analysis of net…

Q: Draw a supply and demand graph which describes healthcare in a society where all healthcare is…

A: As shown in the diagram the downward sloping curve represents the demand curve of healthcare and the…

Q: List and explain the three broad reasons that an individual would need long-term care care.

A: ANSWER   "Long-term Care" referes to providing assistance to people of all ages for their medical…

Q: Health insurance is a

A: In an economy, insurance refers to the agreement between two parties where an insurer promised to…

Q: What factors can be identified that are affecting the demand for healthcare. Also the demand for…

A: The demand for healthcare has come from the demand for health. So as to get a stock of health…

Q: Even though the total cost of an uninsured hospital stay is lower, why would an uninsured person…

A: There are several reasons why an uninsured person may end up paying more for a hospital stay…

Q: Prospective payment systems encourage providers to offer more health care services. True False

A: The improvement or maintenance of health through diagnosis, treatment, and prevention of diseases or…

Q: f the United States is constantly evolving. Analazye state New York. How do the various age…

A: The modern nation-state is informed in its decision-making by the information it collects from its…

Q: explain why health economics is an important tool when it comes to managing health care resources,…

A: Health economics Health economics is an economics subject that focuses on the subject of health…

Q: why is adverse selection important in healthcare insurance markets.

A: When talking about healthcare insurance market, it can be said that it is the market for the people…

Q: Explain how health insurance works and describe the different health insurance plans that are…

A: The insurance which covers all the cost of treatment, medical and surgical expenses is the health…

Q: In 2008, what percentage of all people in the United States did not have health insurance?   One…

A: Introduction: Health insurance may be a style of insurance that pays for medical expenditures…

Q: Why is healthcare fraud is a big problem in the U.S. economy?

A: Health care fraud is one type of crime which is claiming of insurance by providing false information…

Q: or a person who previously had no insurance and received an insurance plan paying for 80 percent of…

A: The cost of medical and surgical expenses incurred by the insured is roofed by insurance. The…

Q: Any two goods in the health market

A: The healthcare market is a multidisciplinary practise area in public health.This novel method…

Q: What challengers are hospital managers likely to encounter while making efficient use of health…

A: Health resources include different infrastructural facilities,equipments,capital required for…

Q: What approaches to healthcare reform are morally acceptable, economically effective, and politically…

A: Providing a combination of private and government insurance is policy to fix the consumer failure of…

Q: Insurance coverage has been shown to diminish the importance of time in the decision about how much…

A: Once a person purchases health insurance, he or she is likely to spend a lesser amount of time in…

Q: H applied for a individual major medical policy. When H filed a claim within the first year of…

A: In the insurance market, there are different forms of insurances, based on different requirements of…

Q: )Vaccine B)Patient advocate (social worker) C)Life insurance D)Privately purchased a kn

A: Healthcare goods and services are those goods and services which are related to medical and…

Q: Select and explain at least one factor influencing health economics.

A: Health economics refers to a branch of economics that studies the efficiency, effectiveness, values,…

Q: Why can’t a healthy lifestyle and a medical history with no major incidents be enough to guarantee…

A: Healthcare is an important component of the service sector because it involves the delivery of…

Q: How can I Analyze the effect of healthcare reform on the healthcare consumer who uses the Insurance…

A: Analyzing the effect of healthcare reform on healthcare consumers who use a health insurance company…

Q: Which option is not true on the price of health care?     In general it does not affect ones…

A: Health economics is a branch of economics, which studies the issues related to the production and…

Q: How can insurance companies offer a guarantee to pay for certain medical expenses? How do they…

A: Insurance companies offer to cover for the risks. The company main aim to minimize the risk of the…