Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
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Question
Chapter 2, Problem 4E
To determine
The hospitalization rates associated with the free health plan and the cost-sharing plan.
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Suggest several reasons why health care spending is higher in the United States than in other countries.
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?
There is a consensus among health economists that socioeconomic status (SES) has a
major impact on health, but health does not have a significant effect on SES.
True
False
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- The major reason the United States does not have a national health care program is because its citizens want different results from health care programs than citizens of other developed societies. T or F?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_forwardPhysician Fees PL PM MR Q3 Q4 MR₂ Q5 Q6 8888Qs MC D₁ Q D₂ Quantity of Physician Service Refer to the above graph which shows an increase in demand (from D₁ to D₂). Given the Medicare PM assignment rate of PM. the total quantity of care offered when demand shifts to D₂ is:arrow_forward
- That is the "triple aim" concept as applied to health care goals?arrow_forwardWhich concept of market efficiency is violated when health consumption is subsidized for the patient? Overall efficiency Fairness efficiency Normative efficiency Pareto optimalityarrow_forwardWhich of the following countries receives the least return on its investment in health care?a. Canadab. United Statesc. The Netherlandsd. New Zealande. Australiaarrow_forward
- While it may seem intuitively obvious that health expenditures will increase as a population ages – older people after all are less healthy on average than younger people in fact, several prominent health economists have argued that it is not aging per se, but rather some of the correlates of an aging population that cause health expenditures to rise as a population ages. For instance, Getzen (1992) argues that, at least in part, rising health expenditures with an aging population are due to the higher incomes and resources of the older population; health care is a normal good, so higher incomes lead to higher expenditures. In a similar manner, Zweifel et al. (1999) argue that the real problem with an aging population, at least as far as health care costs are concerned, is that there will be more people who are within a couple of years of dying. Since health care expenditures rise sharply close to the end of life, it is this, rather than population aging by itself, that leads to higher…arrow_forwardIndicate whether the statement is true or false, and justify your answer.There is a consensus among health economists that socioeconomic status has a major impact on health, but health does not have a significant effect on SES.arrow_forwardDemand 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_forward
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