Indicate whether the statement is true or false, and justify your answer.The RAND HIE found that people assigned to the free health plan had the same rate of hospitalization as people assigned to the cost-sharing plans.
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A: The given statement is false.
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A: Nudge theory is a concept in which positive reinforcement and suggestions can help in influencing or…
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A: Prevalence is a statistical term referring to the number of cases of a disease that occur in a…
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A: True, health insurance coverage is mainly financed through payroll and other taxes, because…
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A: False, because Boston may have a lesser health production functions than Boise and so need to spend…
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A: The French healthcare system includes public and private hospitals, doctors, outpatient care and…
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A: Moral Hazards: Moral hazards refers to the situation where a person’s risk is borne by another…
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A: TRUE.
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Indicate whether the statement is true or false, and justify your answer.
The RAND HIE found that people assigned to the free health plan had the same rate of hospitalization as people assigned to the cost-sharing plans.
The people assigned to be free health plan likely to frequently visit the hospital and also were more likely to visit the ER.
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- The price elasticity of demand for health care has been estimated to be −0.2. Characterize this demand as price elastic, unit price elastic, or price inelastic. The text argues that the greater the importance of an item in consumer budgets, the greater its elasticity. Health-care costs account for a relatively large share of household budgets. How could the price elasticity of demand for health care be such a small number?Indicate whether the statement is true or false, and justify your answer.Disproportionate spending on end-of-life care is never clinically justifiable.There is a consensus among health economists that socioeconomic status (SES) has a major impact on health, but health does not have a significant effect on SES. True False
- improvement in technology usually result in lower cost of production or new and improved consumer goods and services .Assume that an improvement in medical technolgy result in an increase in life expectancy for people 65 years and older . How would this technolgical advance be likely to affect expenditure on health care?Suppose consumers consume and gain utility from two types of goods and services – (1) health care and (2) all other goods & services. Using this information, derive the demand curve for health care.Indicate whether each statement is true or false, and justify your answer.If health disparities exist within a country, then it cannot be operating on its health production frontier.
- Indicate whether the statement is true or false, and justify your answer.There is a consensus among health economists that socioeconomic status has a major impact on health, but health does not have a significant effect on SES.Indicate whether the statement is true or false, and justify your answer.In the RAND HIE, the arc elasticity of demand for inpatient care was larger (in absolute value) than the arc elasticity of demand for outpatient care.Indicate whether the statement is true or false, and justify your answer. Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on health care.