Exam 19: Healthcare Economics and Policy

What is the term of the following definintion. -Prohibits independent physicians from discussing their pricing policies to prevent monopolistic practices.

Production functions are always constructed assuming a particular__________________.

A series of Supreme Court decisions beginning in the 1970s have interpreted that antitrust laws do not apply to hospitals.

The _____________________ states that every competitive equilibrium is Pareto efficient.

When market failure in health care arises due to imperfect information, the government may help to correct the problem via provision of ______________________.

In what type of HMO does the HMO employ the physicians directly?

Which of the following must be present for a firm to maintain its market power for an extended period of time?

Regardless of the system, what basic features must be attained for a successful reform effort?

Which of the following serves as a rationing device, distributing goods and services to consumers who value them most, denoting the willingness to pay for the good or service in question?

The theory of the firm is most closely associated with the _____________ side of the market.

Which of the following results from bureaucratic red tape, breakdown of top-to-bottom communication, and poor decisions being made when the firm gets too large and long-run average costs increase?

What is the term of the following definintion. -An innovation that increases the cost of treatment for a particular disease.

During the Great Society from 1960 to 1965, reformers focused on the uninsured and the disenfranchised as the deserving population segments for healthcare programs.

From the consumer's viewpoint, which of the following is to get the most total satisfaction or value from the least amount of money spent given the prices of the goods or services faced and the income level of the consumer?

What is the term of the following definintion. -A set of healthcare providers that works together and accepts group responsibility for the cost and quality of care delivered to its patient base.

Cherry-picking and redlining of benefits in the private insurance industry, quantity setting behavior in the physician services industry, and medical arms race in the hospital industry are all the result of which of the following?

The government imposing a tax on the emissions of firms to reduce the level of air or water pollution in an area is an example of which of the following actions to promote efficiency and equity?

A lower deductible on an insurance policy is inefficient when its marginal cost is greater than the marginal benefit of additional coverage.

What is the term of the following definintion. -Measures responsiveness of consumer demand for health care to changes in the price of a good or service.

A high level of satisfaction can be a double-edged sword in that increased consumer satisfaction with care is associated with which of the following?