The ACA re-organized the non-group market (into so-called Marketplaces in each state) with new rules requiring insurers to sell specific comprehensivebenefit packages to all persons not eligible for public or affordable employer-based insurance, regardless of health status, at a common communityrated price, AND requiring all to purchase while providing income-related premium and cost-sharing subsidies. These reforms all work as a package,which is why regulations which allow "escape" from the ACA Marketplaces are so dangerous to the stability of equilibrium. Which of the following rulesproposed or enacted by the Trump Administration would NOT raise premiums in the Marketplace?O a. Ending the individual mandate to purchaseO b. Ending the cost sharing subsidiesOC. Allowing limited-benefit and limited-duration plans to be sold outside the Marketplaces to the healthy onlyOd. Allowing limited benefit plans to be sold inside the MarketplacesO e. All of the aboveOf. None of the above (they all would raise premiums inside the Marketplaces)

In a recent study, it was reported that 31 percent of individuals with non-group coverage are…

Answered: The ACA re-organized the non-group…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which one of the followings is NOT a correct statement about the future of the healthcare reform in the U.S.? A single-payer system would require overt rationing to curtail runaway costs. A single-payer system is not necessarily a cure for the issues of cost, access, and quality in the current healthcare system. Under the U.S. Constitution, delivery of healthcare to all citizens is the primary function of government. Future health reform will have to address two broad issues: cost of health insurance for business and individuals, and cost of healthcare services.
Explain how market justice and social justice complement each other, yet also clash and collide with regards to the US health care delivery system by correctly matching the following items Private health insurance coverage received mostly by working middle class Americans through their employers. Health coverage received by America’s most vulnerable population through government-sponsored health programs (i.e. Medicaid, Medicare, SCHIP, etc.) When there are Americans who cannot afford to buy health coverage or are unemployed When there are Americans who are “too rich” to qualify for government sponsored health coverage such as Medicaid and therefore end up with no access to…
1. Medicaid work disincentive effects. Consider Figure 18.7, which depicts the labor market disincentive effects of Medicaid. In the figure:• L is the number of hours worked per year.• ¯I is the income threshold for Medicaid eligibility. If a worker earns less than ¯I, he is eligible for C free units of health care, which cost p per unit on the open market.• The solid line indicates the total compensation (wage plus Medicaid benefits) that a worker earns as a function of L, hours worked.• The slope of the solid line reflects the hourly wage a. In this model, workers earn the same total assets whether they work L1 or L2 hours. Is the worker better off at L1 or L2 hours of work?
If the provision of medical insurance encourages people to take more health risks because they know they can receive treatment, then health insurance Multiple Choice produces an asymmetric information problem. leads to a universal access problem. causes a defensive medicine problem. creates a moral hazard problem.
Suppose that there are two countries, Beta and Gamma. Suppose further that everyone in country Beta is on Insurance B and everyone in country Gamma is on Insurance G. Suppose further that both governments use government-set price controls. In 2005, country Beta decided to change the reimbursement rate for pharmaceuticals, but country Gamma did not make this change. You, a researcher, want to study the effect of offering coverage for this drug had an impact on health expenditures. You have average health expenditures for State Beta and Gamma prior to 2005 and post-2005. Using your finding from the question above, you can infer that country Beta likely _____ reimbursement rates for pharmaceutical drugs. State Time Periods Pre-2005 Post-2005 State Beta $1000 $1400 State Gamma $1500 $1700 a. lower b. did not change c. raised
As an employer, why might Vivian be reluctant to offer her employees a health insurance plan with a very low annual deductible?
How did you get step 2? I am confused on how you went from dQ/dE= 6*1/2*E-1/2 to VMP=6*6*1/2*E-1/2
The Australian health sector suffers from informational asymmetry problems pertaining to ‘moral hazard’ and ‘adverse selection’. Please provide a reason for why you either agree or disagree with the statement.
Briefly analyze & discuss the advantages and disadvantages of adopting a single-payer system for a National Health Insurance policy. (Please create a table to compare)
Describe the following concepts with regard to public health economics financing. Cost-benefit Cost-effectiveness Cost-utility analyses
Ivey, Great distinction you've made between individual and national demand factors, which is particularly important for understanding the broader economic implications of healthcare demand. For example, the aging population and changing family structures you mentioned not only affect demand directly through increased need for medical services but also have significant implications for healthcare financing and policy. Furthermore, your critique of using life expectancy and infant mortality rates as sole measures of health status introduces an important discussion about the nuances of evaluating healthcare systems. It's crucial to consider a wider range of indicators to capture the complexity of health outcomes and system efficiency. Considering your insights, how do you think healthcare policies can be designed to address these multifaceted factors influencing demand, particularly in the context of ensuring equitable access to care across different demographic groups and regions within…

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