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.
Q: Indicate whether the statement is true or false, and justify your answer.Insurance represents a…
A: Under insurance, people pay the premium is healthy states because it is easy to compensate for…
Q: Indicate whether the statement is true or false, and justify your answer.In the Grossman model, the…
A: True, because if a person is unhealthy, then the person will get the benefits of investment in…
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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: The health economic theories suggest that people try to maximize their utility with respect to their…
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A: 1 Option A Beveridge model under this the government provides health care benefits to all from the…
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A: The given statement is true.
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A: Nominally true that many employers give a portion of health insurance premiums for their workers, in…
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A: The Grossman models forecast that health optimally decreases with age and it does not expect that…
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A: False, because one of the central features of the model is that health is the part of an investment…
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A: Free-market competition, according to economists, provides the most effective production and…
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A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…
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A: The moral hazard is an important issue faced by the insurance market in the economy. The moral…
Q: Indicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas…
A: The Dartmouth Atlas results are proof that, health is easier and or cheaper to produce in some…
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Q: Indicate whether the statement is true or false, and justify your answer.Disproportionate spending…
A: Some disproportionate spending on EOL (end-of-life) care is worthless or wasteful, but in many other…
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A: TRUE.
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A: The thrifty phenotype hypothesis is a part of fetal origins hypotheses. The thrifty phenotype…
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A: The Beveridge model is a model of health care. System in which the healthcare for all the citizens…
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A: Answer: True. Due to health insurance, people make frequent visits to hospitals and also utilize…
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A: To find : Which hypothesis determines both health and wealth.
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A: Insurance policy is mandatory in many countries in many areas like travel, health, vehicle etc they…
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A: The Flexner Report, written and published by Abraham Flexner in 1910 under the Carnegie Foundation,…
Q: Indicate whether the statement is true or false, and justify your answer.One hundred percent of…
A: The Beveridge Model is a model of the healthcare system in which healthcare is provided to the…
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A: According to Zweife et al. the health expenditure tends to increase with increase in the age of the…
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A: The "thrifty phenotype" hypothesis proposes that poor health in adulthood is caused by economic…
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A: The health insurance would result in the coverage of medical expenses for the individuals by a fixed…
Q: Indicate whether the statement is true or false, and justify your answer.Reducing mortality from one…
A: Mortality risk is the risk of death, which is used to indicate the mortality rate or the number of…
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.
