Exam 53: Aging, Social Security and Health Care

Which of the following has resulted from the payment system laid down by the American Medical Association?

A physician who prescribes unnecessary tests to her patients is most likely defending:

The new technologies developed in the field of medical care are cost-increasing innovations and because costs are not paid by the users, the increased technology increases demand.

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

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

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 32.3 Based on the information given in Figure 32.3, 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 32.3 According to Figure 32.3, the surplus of beds caused by the fixed reimbursement rate, before the hospital expansion, is the difference between _____ and _____.

_____ taxes have risen more rapidly in the past two decades than any other tax.

Which of the following statements is true of the market for prescription drugs in the U.S.?

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

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.

The introduction of government and private insurance programs to cover the cost of medical care has led to a decline in the price of medical care.

The demand curve for medical care is positively sloped.Thus irrespective of the high price of medical care its demand is always high.

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.

A major concern about social security is that:

As per the payment system laid down by the American Medical Association the physicians are reimbursed on the basis of their speciality.

If social security is privatized:

The ratio of the number of people in the population aged 65 and older to the number of people aged 20 to 64 has risen in most of the developed countries as:

As three-quarters of the world's population resides in the developing countries, these areas contain around 80 percent of the world's elderly population.

Which of the following is true of the demand curve for medical care?