Economics For Healthcare Managers
4th Edition
ISBN: 9781640550483
Author: Robert H. Lee
Publisher: Health Administration Pr
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 13E
To determine
Cost per life year of the treatment.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
In 2018, approximately what was the national average daily rate for a private room in a long-term care facility?
Approximately __________ million Americans are without health insurance.
What kind of financial/societal impacts would stem cell therapy have on the healthcare system?
Knowledge Booster
Similar questions
- Consider two treatments. Treatment 1 saves one year of life at a cost of $10,000. Treatment 2 saves ten years of life at a cost of $1,000,000. Which treatment is more cost-effective? Why?arrow_forwardFabian is Canadian. His grandfather recently required chemotherapy, but was frustrated by the long delay in receiving care. Fabian recently found out that his cat will also require chemotherapy. Would Fabian expect there to be a similar delay? Explain.arrow_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
- Is Canadian government spending on health care a direct expenditure or a transfer payment? How can you tell?arrow_forwardHow will an aging population influence health policy makers in the 21st- century?arrow_forwardThe 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?arrow_forward
- In 2008, what percentage of all people in the United States did not have health insurance? One percent Seventeen percent Fifty percent Eighty percentarrow_forwardWhat is the significance when it comes to 3rd party payor to show it's efficient function of a medical market?arrow_forwardWhat are the three major cost-reducing features of the Singapore health care system? Which one do you think has the largest effect on holding down the price of medical care in Singapore? What element of the Singapore system is shared by the Whole Foods and State of Indiana systems? What elements are missing? How difficult do you think it would be to implement those missing elements in the United States? Explainarrow_forward
- In 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_forwardIf you were to create a new health care system for ten thousand people who newly migrated to the planet MARS. Explain your method of premium, deductible, copayments, reimbursement. Would you use a PP or HMO? Explain why or why not. (Total 200 words or more.)arrow_forwardimprovement 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_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc