Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 8E
To determine
Participants’ health outcomes in relation to more generous insurance
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Compared to fee-for-service payment, what are theadvantages and disadvantages of payment based ondiagnosis-related groups?
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
Even with the new incentives for new insured enrollees to access primary care services there are more than enough general practitioners to meet the demand
Knowledge Booster
Similar questions
- 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.arrow_forwardAccording to Barr, the SES into which you were born and spent your childhood has more predictive power for health as an adult than does your SES category as an adult. True Falsearrow_forwardIndicate whether the statement is true or false, and justify your answer.Disproportionate spending on end-of-life care is never clinically justifiable.arrow_forward
- How can extensive government intervention influence health economicsarrow_forwardWhile it may seem intuitively obvious that health expenditures will increase as a population age – older people, after all, are less healthy on average than younger people – in fact, several prominent health economists have argued that it is not ageing per se, but rather some of the correlates of an ageing population that cause health expenditures to rise as population ages. For instance, Getzen (1992) argues that, at least in part, rising health expenditures with an ageing population are due to the higher incomes and resources of the older population; health care is a normal good, so higher incomes lead to higher expenditures. In a similar manner, Zweifel et al. (1999) argue that the real problem with an ageing population, at least as far as health care costs are concerned, is that there will be more people who are within a couple of years of dying. Since health care expenditures rise sharply close to the end of life, it is this, rather than population ageing by itself, that leads to…arrow_forwardWould you support mandatory health insurance based on the evidence from the Oregan Health Insurance Experiment.arrow_forward
- Indicate whether the statement is true or false, and justify your answer.Public health models that do not take economic epidemiological principles into account often make themistaken assumption that the prevalence elasticity of demand is essentially infinite.arrow_forwardIn order to change the root causes of health disparity in the US, both popular and political will are needed. Based on what you have learned in this module, imagine how different the US would be if all people living here had social protections like universal health care, secure pensions, guaranteed job training, and placement assistance, 80% unemployment pay, income supports for families and unemployed single adults, paid parental leave, and universal childcare. With this concept in mind, for your initial discussion post, comment on whether or not you would be willing to pay 20% more of your income, to have all these benefits guaranteed to you.arrow_forwardWhich concept of market efficiency is violated when health consumption is subsidized for the patient? Overall efficiency Fairness efficiency Normative efficiency Pareto optimalityarrow_forward
- 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?arrow_forwardDiscuss what is known about price elasticities of demand for various health care servicesarrow_forwardWhile it may seem intuitively obvious that health expenditures will increase as a population ages – older people after all are less healthy on average than younger people in fact, several prominent health economists have argued that it is not aging per se, but rather some of the correlates of an aging population that cause health expenditures to rise as a population ages. For instance, Getzen (1992) argues that, at least in part, rising health expenditures with an aging population are due to the higher incomes and resources of the older population; health care is a normal good, so higher incomes lead to higher expenditures. In a similar manner, Zweifel et al. (1999) argue that the real problem with an aging population, at least as far as health care costs are concerned, is that there will be more people who are within a couple of years of dying. Since health care expenditures rise sharply close to the end of life, it is this, rather than population aging by itself, that leads to higher…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
