Exam 5: The Economics of Health Care

Which of the following factors help to explain the sustained increases in health care spending in the United States,and which do not: a.the additional paperwork,duplication,and waste generated in the U.S.health care system compared to systems in other countries b.the increasing costs of malpractice insurance and malpractice lawsuit settlements c.the number of uninsured patients receiving hospital treatment that could have been preformed at a lower cost in doctors' offices d.the slow growth in labor productivity in health care compared to that in the economy as a whole e.the aging population f.increases in the cost of providing health care

Which of the following is not an advantage to an insurance company of insuring a large group of people for health insurance?

Health insurance plans which typically reimburse doctors mainly by paying a flat fee per patient are known as

Most employees ________ pay taxes on the value of health insurance provided by employers,and most people ________ get a tax break when buying individual health insurance policies.

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

All of the following are part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (PPACA)except

The rising cost of malpractice insurance is one of le leading causes of the increase in health care spending as a percentage of GDP in the United States.

Which of the following individuals is most likely to purchase a life insurance policy that pays out an annual income beginning at a certain age until the individual's death?

The Patient Protection and Affordable Care Act (PPACA)is scheduled to be fully implemented by 2019,at which point

Based on the current rate of growth,health care spending as a percentage of GDP through Medicare,Medicaid,and other U.S.government programs is expected to

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.

Consider a used car market in which half the cars are good and half are bad (lemons).A rational buyer in this market should

The health care system in Japan is referred to as ________,under which every resident of Japan is required to enroll in either a private or the government-provided health insurance program.

All of the following are part of the "state health exchanges" provision of the Patient Protection and Affordable Care Act (PPACA)except

Adverse selection occurs in the market for used cars because used car buyers

On average,people in the United States spend a greater percentage of their income on health care than do people in most other countries.

What is adverse selection?