Exam 5: The Economics of Health Care

in the United States since 1900,life expectancy at birth has ________ and the death rate has ________.

Figure 5-2 Figure 5-2 represents the market for vaccinations.Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations. -Refer to Figure 5-2.The market equilibrium quantity is ________ thousand vaccinations.

Of the following high-income countries,which has the highest mortality ratio for cancer?

Briefly describe are the 6 main provisions of the Patient Protection and Affordable Care Act (ACA)?

The provision of the Patient Protection and Affordable Care Act (ACA)which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________ provision.

If a fire insurance company requires firms buying fire insurance to install automatic sprinkler systems,the insurance company is trying to reduce

The principal-agent problem is a problem

Because of the ________ of vaccinations,economic efficiency would be improved if more people were vaccinated.

In the United States from 1981 to 2011,deaths from all of the following declined substantially except

How do current tax laws in the United States favor employer-based health care insurance?

Between 1981 and 2011,the overall mortality rate in the United States

The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will be enough to pay for the plan and reduce the federal government's budget deficit.

Figure 5-4 Figure 5-4 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services. -Refer to Figure 5-4.With insurance and a third-party payer system,what price do consumers pay for medical services?

Briefly explain 4 of the difficulties in making cross-country comparisons in health care outcomes.

The cost of group health insurance is lower than if an individual buys a policy on his own because

In ________,health care spending per person based on income per person is significantly higher than the average for most other countries.

Health insurance companies impose deductibles on policies and co-payments on claims to reduce the problem of adverse selection.

Which of the following did not contributed to the overall decline in death rates in the United States since 1981?

Insurance companies use deductibles and coinsurance to reduce moral hazard.

In the United States,private health insurance companies