Exam 7: The Economics of Health Care

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

Figure 7-4 Figure 7-4 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. -Of the following U.S. presidents, which was the first to propose a national health insurance program to Congress?

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

In the United States, health care spending on people ________ is six times greater than on people ________.

Of the following high-income countries, which has the highest number of CT scanners per 1 million population?

Suppose that in a market for used cars, there are good used cars and bad used cars (lemons). Consumers are willing to pay as much as $6,000 for a good used car but only $1,000 for a lemon. Sellers of good used cars value their cars at $5,000 each and sellers of lemons value their cars at $800 each. Buyers cannot tell if a used car is reliable or is a lemon. Based on this information, what is the likely outcome in the market for used cars?

In the United States from 1981 to 2011, deaths from all of the following declined substantially except

In which of the following countries does health insurance not pay for most preventive care procedures?

Figure 7-5 Figure 7-5 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. -Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA)?

Substantial co-payments are typically not required as a part of the health care system in

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

The individual mandate provision of the ACA requires

Because of the ________ of vaccinations, economic efficiency would be improved if more people were vaccinated.

Since 1981, deaths from cardiovascular diseases have decreased in the United States.

Between 1981 and 2011, the overall mortality rate in the United States

In the United States in 2012, the percentage of people who received health insurance through a government program was about

The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents.

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

Under the Patient Protection and Affordable Care Act (ACA), every company with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan.

Figure 7-4 Figure 7-4 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. -When consumers pay only a fraction of the true cost of medical services, their demand increases. The marginal cost of producing these extra services