Exam 7: The Economics of Health Care

In the United States since 1900, life expectancy at birth has ________ and the death rate has ________.

Figure 7-1 Figure 7-1 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 7-1. At the efficient equilibrium,

Of the following high-income countries, which has the lowest infant mortality rate?

Adverse selection will occur in a market as a result of

What are the main sources of health insurance in the United States?

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

In 2013, health care's share of gross domestic product in the United States was about

Typically, the ________ in a country, the higher the level of spending per person on health care.

The Japanese system of universal health insurance requires no co-payments from residents for health services.

Figure 7-1 Figure 7-1 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 7-1. Marginal social benefit is represented by which curve?

Which of the following parties is likely to have the most information about the health of an individual who is trying to purchase a health insurance policy?

The overall mortality rate in the United States has declined for the past 30 years.

College education tends to result in a positive externality because the recipient receives the full benefit of the education.

Life expectancy at birth in the United States has more than doubled since 1850.

Health insurance markets have a problem with insuring people who are "poor health risks" while many people who are "good health risks" do not buy insurance. This problem is an example of

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

All of the following are part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA) except

Briefly describe the 6 main provisions of the Patient Protection and Affordable Care Act (ACA).

An insurance company is likely to attract customers like Clancy who want to purchase insurance because he knows better that the company that he is more likely to make a claim on a policy. What is the term used to describe the situation above?

In the United States in 2012, the percentage of firms that employed more than 200 workers and offered health insurance as a fringe benefit to the workers was about