Exam 18: Aging, Social Security and Health Care

Medicare is a federal program that provides health care for:

A major concern about social security is that:

The American Medical Association helps increase:

The figure given below represents demand for and supply of hospital beds in Anytown,U.S.A.,as shown by curves D and S₁ in the following figure.If the hospital receives permission to expand,its new supply curve will be S₂.Price level P₁ is the fixed prospective payment reimbursement rate paid by Medicare to the hospital,regardless of actual cost. Figure 18.3 -Based on the information given in Figure 18.3,in order to increase its occupancy rate prior to the expansion,this hospital should:

The figure given below represents demand for and supply of hospital beds in Anytown,U.S.A.,as shown by curves D and S₁ in the following figure.If the hospital receives permission to expand,its new supply curve will be S₂.Price level P₁ is the fixed prospective payment reimbursement rate paid by Medicare to the hospital,regardless of actual cost. Figure 18.3 -According to Figure 18.3,the surplus of beds caused by the fixed reimbursement rate,after the expansion of the hospital is the difference between _____ and _____.

The increase in physicians' fees in the U.S.is most likely to have resulted from a(n):

Which of the following would not reduce the problem with the social security system?

If the ratio of those working to those retired increases it implies that "The World is Aging."

What is the effect of the aging population on the price of health care?

If social security is privatized:

Which of the following provides the best description of the Social Security System in the United States?

Why didn't the supply of medical care increase in the United States in spite of increase in its price?

The U.S.government spends more on social security than it spends on national defense.

The ratio of workers to social security beneficiaries has declined from 16.5 in 1950 to about 3 in 2010 and is expected to decline to 2 by 2030.This trend indicates that:

The elderly support ratio recorded by the U.S.Bureau of the Census in 1985 is expected to rise post 2005 because:

It has been argued that a worker would receive a greater return if they invest in prospective ventures than what they would earn from social security.

Which of the following has led to increased cost of health services?

Medicare helps only the neediest people,including many elderly people whose Medicaid benefits have run out.

The American Medical Association restricts advertising by the physicians,thus it can be partly held responsible for the inability of consumers to obtain complete information about prices or professional quality of physicians.

The social security system in Chile is partially privatized as a part of the taxes is used to run government expenses and the rest can be invested by the worker.