Health Economics and Policy
7th Edition
ISBN: 9781337106757
Author: James W. Henderson
Publisher: Cengage Learning
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Question
Chapter 12A, Problem 5QAP
To determine
Validation on the ideology that elders bear high medical spending as a result of high cost of dying.
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What is the impact of aging societies like Japan and some other European countries on the demand for health services?
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The price elasticity of demand for health care has been estimated to be −0.2. Characterize this demand as price elastic, unit price elastic, or price inelastic. The text argues that the greater the importance of an item in consumer budgets, the greater its elasticity. Health-care costs account for a relatively large share of household budgets. How could the price elasticity of demand for health care be such a small number?
Chapter 12A Solutions
Health Economics and Policy
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- improvement in technology usually result in lower cost of production or new and improved consumer goods and services .Assume that an improvement in medical technolgy result in an increase in life expectancy for people 65 years and older . How would this technolgical advance be likely to affect expenditure on health care?arrow_forwardDo countries with national health insurance programs have lower average medical costs than the United States? Is cost of care correlated with quality of care?arrow_forwardSince the passage of Medicare in 1965, what has happened to overall medical spending for the elderly? Per capita spending? Out-of-pocket spending? How does this compare with healthcare spending by the non-elderly?arrow_forward
- Demand falls by 5 percent for every 10 percent increase in price health care services. How much is the won price elasticity of demand for health care?arrow_forwardHow does health disparities affect the labor market and money marketarrow_forwardFor a person who previously had no insurance and received an insurance plan paying for 80 percent of all types of medical care, what increase in use would you expect for hospital care, dental care, and physician services, on average?arrow_forward
- What does it mean to be on the “flat of the curve” in health care provision? Why do some argue that the United States is on the flat of the curve? Why is this phenomenon not an issue in a developing country?arrow_forwardgive two strategies that will help make Canadian health care systems more inclusive and equitable especially to Indigenous and other populations that are economically and socially marginalized.arrow_forwardIn spite of its early popularity, the Patient Protection And Affordable Care Act of 2010 (ACA) had not improved by 2020. What percentage of Americans considered its complete repeal a good thing? 20 percent 30 percent 40 percent 50 percent 60 percentarrow_forward
- According to Henderson, what are the three alternatives strategies (U.S. Policy Alternatives) routinely complete for acceptance in planning the way health care should be delivered and financed in the United States? Please briefly discuss each of these policy alternatives.arrow_forwardHow does the law of supply and demand apply to the growing success of the urgent care medical market in the United States?arrow_forwardThe demographics of the United States is constantly evolving. Analazye state New York. How do the various age populations compare to the national average? What sort of health resources should be available for the populations in highest demand?arrow_forward
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