Exam 19: Healthcare Economics and Policy

Health status results from a process in which the individual can only influence the probability of transitions from one health state to another.

Which of the following can point out real differences between products but is most often used to create perceived differences across goods or services?

If providers make healthcare decisions in a manner fully consistent with patients' preferences, unaffected by the consequences for themselves, they would be acting as ___________________.

What is the term of the following definintion. -Established when demand and supply functions for health care intersect with one another.

Which of the following subsidies for medical training have resulted in private costs of training that are much lower than the total costs to society?

According to Santerre and Neun, what are the two initial inputs that exist for a short-run production?

In what report was it determined that universal coverage is resource intense and requires efficient use of inputs because it needs to ensure that a core set of services is available to all in society?

In what stage of the development and diffusion of medical technology are new medical technologies evaluated for human subjects?

The main feature of a __________________ is that the insurance company and the healthcare provider vertically integrate to become different parts of the same organization.

What is the term of the following definintion. -Additional revenue generated from selling one more unit of a good or service.

Which of the following are predicted effects of the DRG pricing method?

The implication is that ___________________ goods tend to have large marginal external benefits, which makes them socially desirable but privately unprofitable to provide.

Estimates of the price elasticity of demand for a good or service that requires time will tend to be biased if one does not also take into account the time and money costs.

Which of the following are difficulties faced by the disenfranchised in the current healthcare system?

________________________ is more than income, wealth, or educational attainment; it is access to opportunities over the life course.

Which of the following are factors that determine the supply of health care?

_____________________ requires that the level of provision of a public good occurs where the social marginal benefit equals the social marginal costs.

Exclusive control over an input or economies of scale can lead to barriers because the other firms will not have the resources to make the substitute product.

What type of private insurance provides the only form of insurance coverage for the individual relative to paying for services out of pocket completely?

The _____________________ was modeled on the Commonwealth Health Care Insurance Program, but several differences remain between the federal and state reforms that require interagency coordination and the creation of new information technology programs.