Exam 5: The Economics of Health Care

The Pre-Existing Condition Insurance Plan is a federally administered part of the Affordable Care Act,and is designed for people with pre-existing medical conditions to obtain insurance.By offering health insurance to all U.S.citizens with pre-existing medical conditions,the Pre-Existing Condition Insurance Plan

Briefly describe changes in life expectancy,average height,and infant mortality in the United States since 1850.

In what ways do economists and policymakers who believe that market-based reforms are the key to improving the health care system criticize the Patient Protection and Affordable Care Act (ACA)?

In the principal-agent relationship,the agent is

In the United States in 2016,the percentage of people who received health insurance through a government program was about

The U.S.Bureau of Labor Statistics forecasts that ________ fastest-growing occupations over the next 10 years will be in health care.

Of the following high-income countries,which has the lowest number of MRI units per 1 million population?

Those who favor changes in the market for health care that would make it more like the markets for other goods and services are generally in favor of universal health care coverage.

How can increases in a country's total income improve health?

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

Consumers usually pay less than the total cost of medical treatment because

Figure 5-5 Figure 5-5 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 5-5.With insurance and a third-party payer system,the equilibrium quantity of medical services is

In the United States,out-of-pocket spending on health care is about ________ percent of all health care spending.

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.At the market equilibrium

How can improvements in health increase a country's total income?

Figure 5-1 Figure 5-1 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 5-1.Marginal private benefit is represented by which curve?

The aging of the U.S.population has tended to ________ spending on health care,and the development of new drugs and medical equipment has tended to ________ spending on health care.

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

Insurance companies use deductibles and coinsurance to reduce moral hazard.

Figure 5-5 Figure 5-5 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 5-5.The efficient quantity of medical services is