which option is correct about Medicare and Medicaid?     Medicaid is a federally-sponsored program while Medicare is sponsored with states and federal governments     The health care cost of Medicare enrollees in the last two years of their life is very small      Medicaid is less costly than Medicare     Under the Affordable Care Act, Medicare was expanded at the cost of contracting Medicaid

Q: Demand falls by 5 percent for every 10 percent increase in price health care services.

A: Price elasticity of demand: Price elasticity of demand is defined as the percentage change in the…

Q: Which one is not true about Medicare part A     Pays for enrollees’ hospital care     Monthly…

A: Medicare is the US-launched federal health insurance offered to people belonging to the age group of…

Q: According to a study, individuals belonging to minority groups and those who are unemployed tend to…

A: The research of the wider health variables in addition to the economic implications of medical…

Q: There is considerable evidence that societies that spend more on social services – housing, income…

A: Some societies spend more on social services like housing, income support, transportation etc. and…

Q: Suppose the government imposes a system of price ceilings in the health care industry as part of an…

A: The price ceiling is a legal maximum on the price at which goods can be sold.  Price ceiling can be…

Q: Take a look at how the different healthcare systems around the world works. How would you advise…

A: There are some activities of healthcare that differently works around the world are the following:…

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: Provide three characteristics that prevent health care markets from allocating resources…

A: We have show that  ,The healthcare industry is a multibillion-dollar industry in the USÀ that…

Q: Which of the following could lead to increases in health care expenditures? (Please choose all that…

A: In the healthcare market, the expenditure on healthcare services depends upon various demand factors…

Q: What would happen if, in order to provide lower cost health care, the government decided to set a…

A: Price ceilings are maximum price upper limits, imposed by the government, above which nobody is…

Q: caveat emptor'

A: Caveat Emptor is a latin term that means keep the buyer beware

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: What is the Market economic Structure of health care and how does market structure impact business…

A: Market structure:- Market structure can be explained as how diverse businesses are split and defined…

Q: What are the pro and cons of National Health Service and National Health Insurance when controlling…

A: The healthcare industry is the industry that deals with disease prevention and cure and treatment of…

Q: Discuss pros and cons of having government involved in providing and/or paying for health care.  If…

A: Pros Of Having the Government Involved in Healthcare: Government can provide universal healthcare…

Q: Why has the government chosen to provide moneary incentives to bring about the move to health…

A: HEALTH INFORMATION EXCHANGES   They were putting a patient's medical records or data on the internet…

Q: How many people are there in the world today? What fraction of them live in high-income developed…

A: High income economies: It refers to the countries that has a scope of high income and production of…

Q: What would be the primary advantages of eliminating the role of the federal government in the…

A: The answer is as follows:-

Q: Which of the following best describes the term annual health insurance deductible?   A. the amount…

A: A deductible is a sum that a policyholder needs to pay before the insurance agency begins paying.…

Q: Why are the various forms of e- and m-commerce important in health care? Be sure to include the…

A: E-commerce is determined by the performance of business activities with the usage of the internet.…

Q: What is the largest health care program in the United States? A)DOD Tricare B) Medicaid C) Medicare…

A: A healthcare program is a comprehensive system designed to address the healthcare needs of…

Q: A study found that minorities and the unemployed consult physicians less frequently. Accessing…

A: Telemedicine refers to the process of providing medical care, diagnosis, treatment, and consultation…

Q: Do countries with national health insurance programs have lower average medical costs than the…

A: Do countries with national health insurance programs have lower average medical costs than the…

Q: Graph showing government role in the market for health care

A: The health care market is a complex and highly regulated system governed by the government.…

Q: 26) If an employee receives health insurance through his or her employer, the employer A) still…

A: Medicare and Medicaid are government-related programs that fall under the realm of 'Public…

Q: In spite of major reforms, particularly the ACA, why are we not seeing decrease in cost, improvement…

A: The affordable care act (ACA), 2010 also known as Obamacare was the major change in US Medicare…

Q: Question 4 of 6. Which of the following individuals may qualify for a health savings account (HSA)?…

A: Health saving account is a saving account which is  maintained for future or unforeseen health…

Q: list and describe various economic and societal factors that affect demand and pricing for health…

A: People must look for a service they can afford and are prepared to pay for in order to satisfy…

Q: Compare and contrast Medicare and Medicaid. As you do so, make sure you address funding,…

A: Medicare and Medicaid are two different publicly funded services. They are owned and supported by…

Q: How much is Jane’s deductible?  What percentage of the bill does Jane’s health care plan pay once…

A: When Jane hasn't reach her deductible, then:- Office costs= $125 Jane pays= $125 Her plans pays= $0…

Q: Why would payers want to add shared savings components to PMPM or enhanced FFS payments to primary…

A: FFS is the medical care installment model where doctors and clinicians are paid in light of the…

Q: What can be done to ensure that Medicare does NOT run out of money or that the plan stays…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Briefly discuss the "free rider" concept as applied to health care.

A: Healthcare in economics refers to the identification, mitigation, and prevention of diseases and…

Q: Briefly discuss why Medicaid payments to providers are lower than those paid through private…

A: Medicaid has had a significant impact on the market opportunities for private insurance, the…

Q: 1. If the number of people with insurance increases, then what will most likely occur? a. a. a. a.…

A: Insurance is a risk management that protects people from unforeseen events in the future. For…

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: How does the law of supply and demand apply to the growing success of the urgent care medical market…

A: The law of supply and demand is a essential monetary principle that explains how the availability…

Q: In the U.S. Medicare program (parts A and B), there ____ deductibles, copayments, etc. Medigap…

A: Those who are 65 years of age or older, as well as those with certain impairments or end-stage renal…

Q: A noted insurance authority has said, “Because the financing of long-term care is inconsistent with…

A: PLEASE FIND THE ANSWER BELOW.   LONG TERM FINANCE: Long-term finance can be defined as any financial…

Q: Dana’s lives in a country where health care is publicly funded, available to all of its citizens,…

A: Health is one of the most important thing in formation of human capital .A good  Helath is the…