Question 10 The Massachusetts reform under the Republican governor Romney (later presidential candidate and now senator) was precursor to Obamacare (Levy [2013]). Just like the reform established______ and ___. Perhaps the only difference was the initial situation, the fact that Massachusetts is way richer than the U.S. average. A) a mandate; a risk equalization scheme; a catastrophic illness coverage scheme B) full coverage for physician and hospital services; some long-term care; some pharmacare C) a tax-funded system; a parallel private system; tax breaks for private insurance premiums D) insurance exchanges; subsidies for working poor's coverage; imposed an insurance mandate E) a tax-funded system; an insurance mandate; a catastrophic illness coverage scheme
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- Who is responsible for the health and healthcare needs of an individual in the US and in Great Britain? How do they compare and/or contrast? What could the U.S. learn from other countries who have a Socialized/Nationalized/ Universal Healthcare Model? Would that type of model work for the U.S.? Would a Socialized/Universal healthcare model help or hurt the health of the U.S. What are some major factors that hinder the United States from having a more universal healthcare system? The movie "Sicko" shows the downside of our healthcare system, please explain two positives of our current system. Would removing profit and/or setting profitable limits that providers can earn, hurt and/ or improve healthcare? Examine from an economic and an ethical perspective. The movie, "Sicko," mentioned industries in the U.S. that are "socialized." Examples provided were industries like public sector employees (Firefighters, Teachers, Postal Service, Libraries, etc.). The movie eluded that these…What are the pro and cons of National Health Service and National Health Insurance when controlling costs while maintaining high quality of care?Journalist: To reconcile the need for profits sufficient to support new drug with the moral imperative to provide medicines to those who most need them but can not afford them, some pharmaceutical companies feel justified in selling a drug in rich nations at one price and in poor nations at a much lower price. But this practice is unjustified. A nation with a low average income may still have a substantial middle class better able to pay for new drugs than are many of the poorer citizens of an overall wealthier nation. Which one of the following principles, if valid, help to support the journalist's reasoning? a. People who are ill deserve more consideration than do healthy people, regardless of their relative socioeconomic positions. b. Whether one deserves special consideration depends on one's needs rather than on the characteristics of the society to which one belongs. c. Wealthier institutions have an obligation to expend at least some of their resources to assist those incapable…
- Out of seven most developed countries, the United States finished __________ in terms of health care performanceWhich of the following best describes the United States’ level of health care spending as compared to that of other nations? a. The lowest of all nations. b. A bit lower than average . c. Average. d. A bit higher than average. e. The highest of all nations.Suggest a relevant government policy that would yield the efficient outcome andcarefully explain the process through which the implementation of thegovernment policy will lead to the optimal outcome for better health care.
- What proportion on the GDP is spent on health care? 0.2 0.75 0.18 0.30 QUESTION 2 Which of the following options is incorrect about US health care? Health care spending as a share of GDP has been steady from 2008 to 2012 The projected health care spending as a share of GDP in 2020 is lower than the current share. Increase in life expectancy is one of the reasons of increase in health care costs US is categorized as a country with high health care costs QUESTION 3 For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care? 0.3 3.33 -3.33 -0.3 QUESTION 4 What is a Cadillac plan? Health insurance plan for Cadillac company (car manufacturer) A very generous employer-sponsored health insurance plan There is no such plan A very generous health plan for Cadillac owners QUESTION 5 Demand for health care is not Downward sloping Sensitive to the price of health care Vertical Horizontal…18. Which of the following best describes the major problems of health care in the U.S? O Poor results - U.S. lifespan is among the lowest of the high-income countries while infant mortality is among the highest. Both high costs and poor results in terms of life span and infant mortality. Lack of choice - there is only one U.S. health insurer, which is a regulated monopoly. High costs - the U.S. spends more on health care than any other country.Question 11 Assume that a "bundle" of health care goods is indexed to $100 in 1950, and a "bundle" of all goods is also indexed to $100 in 1950. Furthermore, assume that the medical care consumer price index (CPI) grows at 6% per year, while the general CPI grows at 4.2% per year. After 5 years, approximately how much does does the bundle of health care goods cost? $130 $100 1/1 pts $134 $123
- How many people are there in the world today? What fraction of them live in high-income developed economies? What fraction of total health expenditures is accounted for by high-income countries?Why would increased spending as a percentage of GDP on, say, household appliances or education in a particular economy be regarded as economically desirable? Why, then, is there so much concern about rising expenditures as a percentage of GDP on health care?Is Canadian government spending on health care a direct expenditure or a transfer payment? How can you tell?