Multiple Choice
Article Summary
An Organisation for Economic Co-operation and Development (OECD) report states that administration costs for health care in the United States are the highest in the developed world, accounting for over 8 percent of spending in the health care sector, compared to a global average of about 3 percent. According to the report, expensive surgeries, high pharmaceutical costs, and corrupt practices increased global health care costs, and poor coordination between health care providers, duplication of tasks, and excessive time spent on paperwork all contributed to higher administrative costs. The report also noted that administrative costs are generally lower under government-managed health care systems than with private insurance, but governments could still significantly cut spending and improve patients' health.
Source: Alanna Petroff, "U.S. health care admin costs are double the average," money.cnn.com, January 11 2017.
-Basic supply and demand analysis indicates that having firms rather than the government provide health insurance to workers
A) changes both the composition of the compensation that firms pay and its level.
B) changes the composition of the compensation that firms pay, but does not change its level.
C) does not change the composition of the compensation that firms pay, but does change its level.
D) changes neither the composition of the compensation that firms pay nor its level.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: Under the Patient Protection and Affordable Care
Q62: Of the following high-income countries, which has
Q63: One reason why adverse selection problems arise
Q64: In the United States, the bulk of
Q65: Changes in the health of the average
Q67: Uninsured patients receiving treatments at hospital emergency
Q68: Because consumers who have insurance provided by
Q69: The Congressional Budget Office estimates that the
Q70: What is adverse selection?<br>A)It refers to the
Q71: What is the main difference between a