Exam 7: The Economics of Health Care

In the United States in 2016, more than seventy percent of those who were not covered by health insurance

In 2018, a tax is scheduled to be imposed on employer-provided health insurance plans known as 'Cadillac plans'.

The largest government-run health care system in the world, with 1.4 million employees, is in

One of the provisions of the Patient Protection and Affordable Care Act (ACA)is that in 2017, someone without health insurance was fined $695 or 2.5 percent of their income, whichever amount was higher.A growing number of younger and healthier people chose to pay the fine and not purchase health insurance, which resulted in

The term that is used to refer to a situation in which one party to an economic transaction has less information than the other party is

Vaccinations tend to result in a positive externality.Draw a graph showing the market for vaccinations, including both the marginal private benefit curve and the marginal social benefit curve.Identify the market equilibrium price and quantity, the efficient equilibrium price and quantity, and the deadweight loss.

In the United States in 2016, the percentage of firms that employed between 3 and 199 workers and offered health insurance as a fringe benefit to the workers was about

Higher deductibles for employer-provided health insurance will tend to shift the ________ curve for medical services to the ________.

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

If a state requires all drivers to buy auto insurance, the problem of adverse selection is eliminated.

Canada has a single-payer health care system in which the government provides national health insurance to all Canadian residents.

Figure 7-2 Figure 7-2 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 7-2.If consumers paid the full price of medical services, the price they would pay is

In the United States in 2016, the percentage of people with private health insurance was about

Identify the 6 main provisions of the Patient Protection and Affordable Care Act (ACA).

Since 1960, out-of-pocket spending on health care has increased sharply as a fraction of all health care spending.

A contract under which a buyer agrees to make payments in exchange for the provider agreeing to pay some or all of the buyer's medical bills is referred to as

Of the following high-income countries, which has the lowest life expectancy at birth?

In the United States in 2016, of those companies employing more than 200 workers that offer health care to those workers, ________ of employees accept the coverage.

The overall decline in death rates in the United States since 1981 was due to all of the following except

The health care system in Canada is referred to as ________, and is a system in which the government provides national health insurance to all Canadian residents.