Exam 5: The Economics of Health Care

In ________,health care spending per person based on income per person is significantly higher than the average for most other countries.

Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations.

Under current U.S.tax laws,individuals do not pay taxes on health insurance benefits they receive from their employers.

In the United States from 1981 to 2013,deaths from ________ increased largely due to the effects of increasing obesity.

The health care system in ________ is referred to as socialized medicine,under which the government owns most of the hospitals and employs most of the doctors.

Pricing insurance policies is made difficult because buyers have more information than sellers.This difficulty is an example of

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.At the efficient equilibrium,

Why is the study of asymmetric information associated with the market for "lemons"?

Between 1981 and 2013,deaths from kidney disease increased largely due to the effects of

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.The market equilibrium quantity is ________ thousand vaccinations.

In the United States in 2014,a majority of people received health care through

The rising cost of uninsured patients receiving treatment at hospital emergency rooms is one of the leading causes of the increase in health care spending as a percentage of GDP in the United States.

Figure 5-3 Figure 5-3 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 5-3.With insurance and a third-party payer system,what is the amount of the deadweight loss?

Figure 5-3 Figure 5-3 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 5-3.The efficient price of medical services is

The provision of the Patient Protection and Affordable Care Act (ACA)which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________ provision.

If a hospital knows that an insurance company will pay for most of a patient's bill,the hospital has more of an incentive to require additional medical procedures and tests,even if the patient may not require them.This is an example of

Which of the following did not contributed to the overall decline in death rates in the United States since 1981?

Most employees ________ on the value of health insurance provided by employers,and most people ________ when buying individual health insurance policies.

Adverse selection will occur in a market as a result of

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