Question 1

What are the reasons why both the size of medical groups and their numbers have Explain.

Accepted Answer

Physician productivity,information economies of scale,reduction of risk and uncertainty,and increased market power

Question 2

Physicians' pay in the United States is high due to

Accepted Answer

A) High training costs 
B) High return on training 
C) Both a and b 
D) Neither a nor b 
A) High training costs 
B) High return on training 
C) Both a and b 
D) Neither a nor b C

Question 3

Which of the following would increase the supply of physicians?

Accepted Answer

A) Increasing the cost of attending medical school 
B) More scholarships and grants to cover medical school tuition 
C) Increasing the medical school entrance requirements to include 15 hours of economics 
D) Making it easier for plaintiffs to prove medical malpractice claims 
E) Paying medical schools to eliminate residency opportunities in some specialties 
A) Increasing the cost of attending medical school 
B) More scholarships and grants to cover medical school tuition 
C) Increasing the medical school entrance requirements to include 15 hours of economics 
D) Making it easier for plaintiffs to prove medical malpractice claims 
E) Paying medical schools to eliminate residency opportunities in some specialties B

Question 4

Physicians who accept assignment on their Medicare patients

Accepted Answer

A) Bill patients for 80% of the allowable fee 
B) Agree to forego balance billing 
C) Accept the allowable fee for all services 
D) Agree to charge private insurance patients the same fees as Medicare patients 
E) Both b and c 
A) Bill patients for 80% of the allowable fee 
B) Agree to forego balance billing 
C) Accept the allowable fee for all services 
D) Agree to charge private insurance patients the same fees as Medicare patients 
E) Both b and c

Question 5

Which of the following will not change the demand for office visits to the physician?

Accepted Answer

A) Unusually cold and damp weather during the winter 
B) A change in the price of an office visit 
C) Layoffs at the local plant causing a decrease in the number of people with health insurance in the community 
D) Television advertising by drug manufacturers to promote a new over-the-counter influenza treatment 
E) They all change the demand for office visits 
A) Unusually cold and damp weather during the winter 
B) A change in the price of an office visit 
C) Layoffs at the local plant causing a decrease in the number of people with health insurance in the community 
D) Television advertising by drug manufacturers to promote a new over-the-counter influenza treatment 
E) They all change the demand for office visits

Question 6

The frequency of malpractice claims against physicians

Accepted Answer

A) Is higher for general practitioners than any other specialty 
B) Has increased dramatically since the mid-1980s for all specialties 
C) Differs little among specialties 
D) Is greater for those specialties that practice high-risk invasive procedures 
E) Will continue to soar unless tort laws are reformed 
A) Is higher for general practitioners than any other specialty 
B) Has increased dramatically since the mid-1980s for all specialties 
C) Differs little among specialties 
D) Is greater for those specialties that practice high-risk invasive procedures 
E) Will continue to soar unless tort laws are reformed

Question 7

Which of the following statements about the distribution of physicians among specialties is true in the United States?

Accepted Answer

A) The majority of physicians specialize in general/family practice 
B) There are twice as many generalists as there are specialists 
C) There are twice as many specialists as there are generalists 
D) The specialty distribution in the United States is similar to that of the rest of the world 
E) None of the above 
A) The majority of physicians specialize in general/family practice 
B) There are twice as many generalists as there are specialists 
C) There are twice as many specialists as there are generalists 
D) The specialty distribution in the United States is similar to that of the rest of the world 
E) None of the above

Question 8

On average,the training costs (both money and time)for a physician are felt to explain

Accepted Answer

A) Virtually not at all the high income of physicians 
B) Partially the high income of physicians 
C) Completely the high income of physicians 
A) Virtually not at all the high income of physicians 
B) Partially the high income of physicians 
C) Completely the high income of physicians

Question 9

A specific opportunity cost of attending medical school is:

Accepted Answer

A) The tuition fee 
B) The foregone income 
C) The sleep deprivation and fatigue during arduous internships 
D) All of the above 
A) The tuition fee 
B) The foregone income 
C) The sleep deprivation and fatigue during arduous internships 
D) All of the above

Question 10

Explain the effects of advertising on physician services.

Accepted Answer

· It reduces the patient's search costs

Question 11

Which of these would be likely to reduce the extent of supplier-induced demand?

Accepted Answer

A) Physicians being remunerated on a "capitation" basis rather than a "fee for service" basis 
B) An increase in the number of physicians coming out of medical schools 
C) A reduction in the medical and health knowledge of the general population 
D) Less advertising and other competitive behaviors by physicians 
A) Physicians being remunerated on a "capitation" basis rather than a "fee for service" basis 
B) An increase in the number of physicians coming out of medical schools 
C) A reduction in the medical and health knowledge of the general population 
D) Less advertising and other competitive behaviors by physicians

Question 12

How did physicians accepting Medicare assignments cause price discrimination?

Accepted Answer

The introduction of different insurance

Question 13

Define defensive medicine and describe what Baicker,Fisher,and Chandra found as the cost of defensive medicine.

Accepted Answer

Defensive medicine is the practice of in

Question 14

Physician-induced demand

Accepted Answer

A) Increases medical prices 
B) Increases use of medical services 
C) Both a and b 
D) Neither a nor b 
A) Increases medical prices 
B) Increases use of medical services 
C) Both a and b 
D) Neither a nor b

Question 15

A physician's office expenses increase 10 percent,so she decides to raise the price of office visits.Assuming the demand curve for office visits does not shift,what will happen to the total number of office visits and practice revenues?

Accepted Answer

A) Office visits and total revenue stay the same if demand is elastic 
B) Office visits and total revenue rise if demand is inelastic 
C) Office visits and total revenue fall if demand is inelastic 
D) Office visits will fall and total revenue will rise if demand is inelastic 
E) Office visits will rise and total revenue will fall if demand is elastic 
A) Office visits and total revenue stay the same if demand is elastic 
B) Office visits and total revenue rise if demand is inelastic 
C) Office visits and total revenue fall if demand is inelastic 
D) Office visits will fall and total revenue will rise if demand is inelastic 
E) Office visits will rise and total revenue will fall if demand is elastic

Question 16

The rate of return on training for physicians in the United States,when compared to that for most other educational groups (college graduates,PhDs)

Accepted Answer

A) Lower 
B) Similar 
C) A bit higher 
D) A lot higher 
A) Lower 
B) Similar 
C) A bit higher 
D) A lot higher

Question 17

The observation that an increase in the supply of physicians to an area is matched by an increase in the price of physicians' services (rather than a price decrease)can be explained via the supplier-induced demand hypothesis.Which of the following is also a plausible explanation for this observation?

Accepted Answer

A) An increase in the supply of physicians reduces time and travel costs to consumers,causing demand to increase 
B) An increase in the supply of physicians increases consumers' perceptions of the quality of health care available,causing demand to increase 
C) An increase in the supply of physicians may correspond to a contemporaneous increase in demand for reasons such as an aging population or rising consumer incomes 
D) All of the above 
A) An increase in the supply of physicians reduces time and travel costs to consumers,causing demand to increase 
B) An increase in the supply of physicians increases consumers' perceptions of the quality of health care available,causing demand to increase 
C) An increase in the supply of physicians may correspond to a contemporaneous increase in demand for reasons such as an aging population or rising consumer incomes 
D) All of the above

Question 18

For GPs (general practitioners)to play an effective coordinator's role (rather than a gatekeeper's)in a health care organization,they must be made financially responsible for their patients' care.Thus,they should be paid by:

Accepted Answer

A) Salary 
B) A block budget based on past care expenses 
C) Fee-for-service 
D) Capitation 
E) Per diem (or per period of stay at hospital) 
A) Salary 
B) A block budget based on past care expenses 
C) Fee-for-service 
D) Capitation 
E) Per diem (or per period of stay at hospital)

Question 19

What is supplier-induced demand and explain its affects on medical prices and services?

Accepted Answer

Supplier-induced demand is an increase i

Question 20

A physician acts as a perfect agent when

Accepted Answer

A) She does not injure a patient when providing a treatment 
B) She requires patients to make medical choices for themselves 
C) She makes the same medical care decisions for a patient as a fully informed patient 
D) She makes the same medical care decisions for a patient as she would make for herself. 
E) She provides free medical care to poor and uninsured patients 
A) She does not injure a patient when providing a treatment 
B) She requires patients to make medical choices for themselves 
C) She makes the same medical care decisions for a patient as a fully informed patient 
D) She makes the same medical care decisions for a patient as she would make for herself. 
E) She provides free medical care to poor and uninsured patients

What are the reasons why both the size of medical groups and their numbers have Explain.

Physicians' pay in the United States is high due to

Which of the following would increase the supply of physicians?

Physicians who accept assignment on their Medicare patients

Which of the following will not change the demand for office visits to the physician?

The frequency of malpractice claims against physicians

Which of the following statements about the distribution of physicians among specialties is true in the United States?

On average,the training costs (both money and time)for a physician are felt to explain

A specific opportunity cost of attending medical school is:

Explain the effects of advertising on physician services.

Which of these would be likely to reduce the extent of supplier-induced demand?

How did physicians accepting Medicare assignments cause price discrimination?

Define defensive medicine and describe what Baicker,Fisher,and Chandra found as the cost of defensive medicine.

Physician-induced demand

A physician's office expenses increase 10 percent,so she decides to raise the price of office visits.Assuming the demand curve for office visits does not shift,what will happen to the total number of office visits and practice revenues?

The rate of return on training for physicians in the United States,when compared to that for most other educational groups (college graduates,PhDs)

For GPs (general practitioners)to play an effective coordinator's role (rather than a gatekeeper's)in a health care organization,they must be made financially responsible for their patients' care.Thus,they should be paid by:

What is supplier-induced demand and explain its affects on medical prices and services?

A physician acts as a perfect agent when

An Introduction to the Economics of Medical Care

The Role of Government in Health and Medical Care

Health Policy and the Legislative Marketplace

The Production of Health: the Impact of Medical Services on Health

An Overview of the Medical Care Sector

The Demand for Medical Care

The Demand for Health Insurance

The Supply of Medical Care: an Overview

Market Competition in Medical Care

The Market for Health Insurance: Its Performance and Structure

The Market for Hospital Services

The Pharmaceutical Industry

Health Manpower Shortages and Surpluses: Definitions, measurement, and Policies

The Market for Physician Manpower

The Market for Medical Education: Equity and Efficiency

The Market for Registered Nurses

National Health Insurance: an Approach to the Redistribution of Medical Care

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Exam 11: The Physician Services Market

What are the reasons why both the size of medical groups and their numbers have Explain.

Physicians' pay in the United States is high due to

Which of the following would increase the supply of physicians?

Physicians who accept assignment on their Medicare patients

Which of the following will not change the demand for office visits to the physician?

The frequency of malpractice claims against physicians

Which of the following statements about the distribution of physicians among specialties is true in the United States?

On average,the training costs (both money and time)for a physician are felt to explain

A specific opportunity cost of attending medical school is:

Explain the effects of advertising on physician services.

Which of these would be likely to reduce the extent of supplier-induced demand?

How did physicians accepting Medicare assignments cause price discrimination?

Define defensive medicine and describe what Baicker,Fisher,and Chandra found as the cost of defensive medicine.

Physician-induced demand

A physician's office expenses increase 10 percent,so she decides to raise the price of office visits.Assuming the demand curve for office visits does not shift,what will happen to the total number of office visits and practice revenues?

The rate of return on training for physicians in the United States,when compared to that for most other educational groups (college graduates,PhDs)

For GPs (general practitioners)to play an effective coordinator's role (rather than a gatekeeper's)in a health care organization,they must be made financially responsible for their patients' care.Thus,they should be paid by:

What is supplier-induced demand and explain its affects on medical prices and services?

A physician acts as a perfect agent when

An Introduction to the Economics of Medical Care

The Role of Government in Health and Medical Care

Health Policy and the Legislative Marketplace

The Production of Health: the Impact of Medical Services on Health

An Overview of the Medical Care Sector

The Demand for Medical Care

The Demand for Health Insurance

The Supply of Medical Care: an Overview

Market Competition in Medical Care

The Market for Health Insurance: Its Performance and Structure

The Market for Hospital Services

The Pharmaceutical Industry

Health Manpower Shortages and Surpluses: Definitions, measurement, and Policies

The Market for Physician Manpower

The Market for Medical Education: Equity and Efficiency

The Market for Registered Nurses

National Health Insurance: an Approach to the Redistribution of Medical Care

Filters