Question 1

There is a strong correlation between macroeconomic fluctuations and growth trends in the healthcare sector.

Accepted Answer

A) True 
 B)False

Question 2

Unintended consequences of price controls are often misinterpreted or ignored by proponents of such controls because the effects take a few years to work through the health care system.

Accepted Answer

A) True 
 B)False

Question 3

It is unlikely that health care industry employment will fall significantly during a recession because

Accepted Answer

A)  employment in health care does not respond to economic fluctuations. 
B)  employment in health care lags behind economic downturns because of fixed contracts. 
C)  employers will hire more part time employees. 
D)  employers will use less part time employee hours. 
E)  employers will reduce or cancel overtime hours for full-time employees. 
A)  employment in health care does not respond to economic fluctuations. 
B)  employment in health care lags behind economic downturns because of fixed contracts. 
C)  employers will hire more part time employees. 
D)  employers will use less part time employee hours. 
E)  employers will reduce or cancel overtime hours for full-time employees.

Question 4

Discuss the nature of health care spending as a derived demand for health in addressing variations in spending and health outcomes for different groups within the U.S.. Be sure to include input as well as output factors which determine health spending.

Accepted Answer

In 2.7 Need Versus Demand, Dr. Getzen di

Question 5

Please explain the macroeconomic factors which allow individual income elasticity of medical care to be about 0.4 for individuals in the U.S, but in excess of 1.0 for the U.S. as a whole. Detail the budget constraints relevant in each case.

Accepted Answer

The key to this difference is that the b

Question 6

Your father is unable to perform many of the activities of daily living (ADL), including feeding and bathing himself. He considers moving from his apartment to a nursing home. The nursing home application asks for financial information from you and your siblings concerning how much you are able to contribute financially to his care. This is an example that the shared income hypothesis is being employed.

Accepted Answer

A) True 
 B)False

Question 7

Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.

Accepted Answer

A) True 
 B)False

Question 8

Most health economists view the role of regulation in healthcare industry negatively, pointing to the fact that in the past all attempts to control costs through regulation has been largely unsuccessful.

Accepted Answer

A) True 
 B)False

Question 9

Real health care wages have risen over the past forty years because

Accepted Answer

A)  of government policies which provided incentives for that. 
B)  of a long-lasting impact from the Medicare enactment in 1965. 
C)  prices in the healthcare industry were rising faster than the inflation rate in the rest of the economy. 
D)  a greater share of each dollar spent has been allocated to healthcare. 
E)  growth in real health care wages is primarily determined by the shared income hypothesis. 
A)  of government policies which provided incentives for that. 
B)  of a long-lasting impact from the Medicare enactment in 1965. 
C)  prices in the healthcare industry were rising faster than the inflation rate in the rest of the economy. 
D)  a greater share of each dollar spent has been allocated to healthcare. 
E)  growth in real health care wages is primarily determined by the shared income hypothesis.

Question 10

Special tax treatment for health insurance payments, government payment of almost half of all health expenditures, government supported funding of research and regulations under the Employee Retirement Income Security Act of 1974 (ERISA)

Accepted Answer

A)  are all part of the lifecycle income hypothesis. 
B)  are all part of the permanent income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures. 
C)  are all part of the shared income hypothesis which says that a person's expected income determines her current health expenditures. 
D)  the permanent income hypothesis which says that a person's expected income determines her current health expenditures. 
E)  the shared income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures. 
A)  are all part of the lifecycle income hypothesis. 
B)  are all part of the permanent income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures. 
C)  are all part of the shared income hypothesis which says that a person's expected income determines her current health expenditures. 
D)  the permanent income hypothesis which says that a person's expected income determines her current health expenditures. 
E)  the shared income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures.

There is a strong correlation between macroeconomic fluctuations and growth trends in the healthcare sector.

Unintended consequences of price controls are often misinterpreted or ignored by proponents of such controls because the effects take a few years to work through the health care system.

It is unlikely that health care industry employment will fall significantly during a recession because

Discuss the nature of health care spending as a derived demand for health in addressing variations in spending and health outcomes for different groups within the U.S.. Be sure to include input as well as output factors which determine health spending.

Please explain the macroeconomic factors which allow individual income elasticity of medical care to be about 0.4 for individuals in the U.S, but in excess of 1.0 for the U.S. as a whole. Detail the budget constraints relevant in each case.

Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.

Most health economists view the role of regulation in healthcare industry negatively, pointing to the fact that in the past all attempts to control costs through regulation has been largely unsuccessful.

Real health care wages have risen over the past forty years because

Special tax treatment for health insurance payments, government payment of almost half of all health expenditures, government supported funding of research and regulations under the Employee Retirement Income Security Act of 1974 (ERISA)

Choices: Money, Medicine, and Health

Demand and Supply

Cost-Benefit and Cost-Effectiveness Analysis

Health Insurance: Financing Medical Care

Insurance Contracts and Managed Care

Physicians

Medical Education, Organization, and Business Practices

Hospitals

Management and Regulations of Hospital Costs

Long-Term Care

Pharmaceuticals

Financing and Ownership of Health Care Providers

The Role of Government and Public Goods

History, Demography, and the Growth of Modern Medicine

International Comparisons of Health and Health Expenditures

Economic Evaluation of Health Policy: The Patient Protection and Affordable Care Act of 2010

Value for Money in the Future of Health Care

Filters

Exam 13: Macroeconomics and Medical Care

There is a strong correlation between macroeconomic fluctuations and growth trends in the healthcare sector.

Unintended consequences of price controls are often misinterpreted or ignored by proponents of such controls because the effects take a few years to work through the health care system.

It is unlikely that health care industry employment will fall significantly during a recession because

Discuss the nature of health care spending as a derived demand for health in addressing variations in spending and health outcomes for different groups within the U.S.. Be sure to include input as well as output factors which determine health spending.

Please explain the macroeconomic factors which allow individual income elasticity of medical care to be about 0.4 for individuals in the U.S, but in excess of 1.0 for the U.S. as a whole. Detail the budget constraints relevant in each case.

Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.

Most health economists view the role of regulation in healthcare industry negatively, pointing to the fact that in the past all attempts to control costs through regulation has been largely unsuccessful.

Real health care wages have risen over the past forty years because

Special tax treatment for health insurance payments, government payment of almost half of all health expenditures, government supported funding of research and regulations under the Employee Retirement Income Security Act of 1974 (ERISA)

Choices: Money, Medicine, and Health

Demand and Supply

Cost-Benefit and Cost-Effectiveness Analysis

Health Insurance: Financing Medical Care

Insurance Contracts and Managed Care

Physicians

Medical Education, Organization, and Business Practices

Hospitals

Management and Regulations of Hospital Costs

Long-Term Care

Pharmaceuticals

Financing and Ownership of Health Care Providers

The Role of Government and Public Goods

History, Demography, and the Growth of Modern Medicine

International Comparisons of Health and Health Expenditures

Economic Evaluation of Health Policy: The Patient Protection and Affordable Care Act of 2010

Value for Money in the Future of Health Care

Filters