EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN: 9781337668279
Author: Henderson
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 4QAP
a)
To determine
Whether the given statement is positive or normative.
b)
To determine
Whether the given statement is positive or normative.
c)
To determine
Whether the given statement is positive or normative.
d)
To determine
Whether the given statement is positive or normative.
e)
To determine
Whether the given statement is positive or normative.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
which one of the following will not cause a shift in the medical care supply curve? 1. a change in the cost of medical school tuition 2. a change in the percentage of the population with health insurance 3. a change in the amount of student aid available to promising undergraduate students studying biology 4. a change in the number of high-profile medical malpractice lawsuits brought against physicians increasing the premiums on malpractice insurance 5. a wave of union activity that increases the average salaries of nurses nationwide
Expansion of the Michigan Medicaid program in 2014 is credited with
reducing both the number of uninsured in the state and the burden of uncompensated care borne by
hospitals
reducing the number of uninsured in the state, but increasing the burden of uncompensated care borne by
hospitals
increasing the number of uninsured in the state, but reducing the burden of uncompensated care borne by
hospitals
increasing both the number of uninsured in the state and the burden of uncompensated care borne by
hospitals
The UN Committee on Economic, Social, and Cultural Rights (CESCR) is charged with interpreting the International Covenant on Economic, Social, and Cultural Rights (ICESR). In 2000 the Committee released General Comment 14, “The Right to the Highest Attainable Standard of Health”. The General Comment is important for advancing our understanding of a right to health under international law because it: (choose one)
A) Sets out what has become known as the “3AQ model” addressing the conditions for health on the basis of Availability, Accessibility, Acceptability, and Quality.
B) Creates new, specific obligations with respect to the delivery health care services that are binding on all countries of the world
C) Makes it clear that the absence of a right to health in the Canadian Charter or Rights and Freedoms means that Canada is in clear violation of its obligations under the ICESR.
D) Offers an account of a right to health that has been used by health advocates around the world
E) A, B…
Chapter 2 Solutions
EBK HEALTH ECONOMICS AND POLICY
Knowledge Booster
Similar questions
- The following question asks about what happens to employment (Q), wages (W), and total compensation (T) when firms begin offering health insurance benefits. Without health insurance benefits, the labor supply curve in terms of wages is given by W 6 + Q, and the labor demand curve in terms of wages is W = 10 - Qp. Q here is hours of work. W is wages in dollars per hour. Assume that workers value the health benefits at $5 per hour. Assume the benefits cost the firm $4 per hour to provide. 1. When firms begin offering health insurance benefits, which of the following is true about the new demand curve? In this exercise, demand curve is still defined as function of wages (rather than as a function of total compensation). The demand curve will shift up by $4 The demand curve will shift down by $4 O The demand curve will shift up by $5 O The demand curve will shift down by $5arrow_forwardIn a commentary piece on the rising cost of health insurance, ("Healthy, Wealthy, and Wise," Wall Street Journal, May 4, 2004, A20), economists John Cogan, Glenn Hubbard, and Daniel Kessler state, "Each percentage-point rise in health-insurance costs increases the number of uninsured by 300,000 people." Assuming that their claim is correct, demonstrate that the price elasticity of demand for health insurance depends on the number of people who are insured. What is the price elasticity if 192 million people are insured? If 192 million people are insured, then the price elasticity of demand for health insurance is (Enter a numeric response using a real number rounded to three decimal places. Be sure to include the minus sign.) What is the price elasticity if 247 million people are insured? (Enter a numeric If 247 million people are insured, then the price elasticity of demand for health insurance is response using a real number rounded to three decimal places. Be sure to include the…arrow_forwardWhich of the following could lead to increases in health care expenditures? (Please choose all that may apply) Medical innovations or technological changes Increased quantity of health care products and services consumed | The use of cost-effectiveness analysis and cost-benefit analysis for coverage decisions (and to limit moral hazard) Increased price of health care products and servicesarrow_forward
- Draw a demand and supply diagram and use it to explain the effects of occupational licensure of physicians on the quantity, quality of care, and income of physicians in the market for physician services.arrow_forwardWhat’s the model used to explain demand for health services ? What differences are there between this and production of health and demand for healtharrow_forwardExplain how each of these situations will affect the quantity demanded of health insurance: a) A reduction in the tax-exempt fraction of health insurance premiums. b) An increase in buyer income. c) An increase in per capita medical expenses.arrow_forward
- A number of professional associations, such as the American Medical Association and the American Bar Association, support regulations that make it more costly for their members (for example, doctors and lawyers) to practice their services. While some of these regulations may stem from a genuine desire for higher-quality medical and legal services, self-interest may also play a role. Explain.arrow_forwardWhat is the difference, if any, between “Pharmacoeconomics” and “Health Economics”? Explain how microeconomics and macroeconomics are relevant to this field of study and support your answer with plausible examples. Based on your answer, illustrate why studying Pharmacoeconomics has become inevitable and remarkably essential in healthcare provision nowadays.arrow_forwardWhich of the following would encourage consumers to economize on health care expenditures and producers to supply health care services more efficiently? Group of answer choices Decreased reliance on the purchase of catastrophic health insurance coverage and greater reliance on insurance with first-dollar coverage and small co-payments. An increase in the share of health care costs paid for by the consumer either directly or from a health savings account. Decreased reliance on personal health savings accounts and health care expenditures from the accounts. The establishment of a national health care system that would provide health care services to people free of charge.arrow_forward
- ECON201 Macroeconomics - Associate Professor Jamie J. Muter 5) Chapter 6 Problem 4.14 Some firms offer their employees' health care plans with high deductibles, sometimes as much as $4,500 per year. What effect do high-deductible plans have on how often employees visit doctors or otherwise use health care services? If the federal government were to require that employer health care plans have deductibles that were no greater than $200 per year, would the employees in these plans be better off? Would the employers offering these plans be worse off? Briefly explain. Iarrow_forwardSuppose you have an insurance plan in which you pay the market price for medical care until you meet a deductible of $1,000, after which you have a coinsurance rate of .20. Answer parts a and b assuming your inverse demand curve for medical care is P = 400 – 10Q and the market price for medical care is $200 per unit.a) Graph the price line and your demand curve. On the graph, label the values of the x and y intercepts of the demand curve, the quantity where you meet the deductible, the horizontal sections of the price line, and the point(s) where the demand curve intersects the price line.b) Find the number of units of medical care that you will demand. Show all calculations that youperformed in your analysis.arrow_forwardRecall that the goal of the Affordable Care Act (also known as Obamacare) legislation was get more people access to affordable health insurance. It was widely reported that health insurance premiums under Obamacare were getting much more expensive. What was the main factor causing the premiums to get more expensive? Many of the new enrollees were young teenagers unable afford their own insurance, so other people are paying for them The plan required a lot of paperwork and administrative tasks, and insurance companies had to hire a lot of people to get these tasks done The new enrollees were older and sicker than expected, increasing health care usage and expenses, causing costs and insurance premiums to rise Obamacare created new medical technologies which were expensive to usearrow_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