Exam 5: The Economics of Health Care

About ________ of research on new medicines is carried out in the United States.U.S.

Health problems prevent people from working harder,which can lower a country's total income.This indicates that in effect,health problems

The Congressional Budget Office estimates that ________ of the increase in federal spending on Medicare and Medicaid over the next 75 years will be due to increases in the cost of providing health care.

Some economists have argued that certain characteristics of the delivery of health care justify government intervention.One of these characteristics is

In 2011,health care's share of gross domestic product in the United States was about

Compared to the United States,health care spending per person in other high-income countries has been

If a hospital knows that an insurance company will pay for most of a patient's bill,the hospital has more of an incentive to require additional medical procedures and tests,even if the patient may not require them.This is an example of

Under current U.S.tax laws individuals do not pay taxes on health insurance benefits they receive from their employers.

A key provision of the Patient Protection and Affordable Care Act (PPACA)is the Small Business Health Options Program (SHOP).Briefly describe the SHOP provision.

________ account(s)for between 1 and 4 percent of health care costs in the United States.

Economists refer to the actions people take after they have entered into a transaction that makes the other party to the transaction worse off as

In the United States,consumers usually pay less than the true cost of medical treatment because of ________.

The Congressional Budget Office estimates that ________ account(s)for less than 1 percent of health care costs in the United States.

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

Under the Small Business Health Options Program (SHOP)provision of the health care plan,a small firm's employees would be

Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (PPACA)?

Most employees ________ on the value of health insurance provided by employers,and most people ________ when buying individual health insurance policies.

In the United States in 2009,the percentage of people with some form of health insurance was about

In the principal-agent relationship,the principal is

Those who favor changes in the market for health care that would make it more like the markets for other goods and services favor what are generally known as market-based reforms.