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EBK HEALTH ECONOMICS AND POLICY

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter1: U.s. Medical Care: An Uncertain Future

Section: Chapter Questions

Problem 3QAP

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Question

1) What are the elements of the managed competition model? What do you see as the
advantages and disadvantages of the managed competition model?
2) In China, the share of national health expenditure paid through out-of-pocket
payment increased from about 20 percent in 1980 to about 60 percent in 2000 (see fig.
11.7). During the same period, real GDP per capita (in 2000 US dollars) increased from
US$186 to US$949 (see World Bank Group 2007). Explain why the share of out-of-
pocket payment increases as national income rises. Does this relationship imply that
health insurance is an inferior good? Is it valid to generalize from the experience of
China to predict the effect of economic growth in the share of outof-pocket payments in
other countries, such as India?

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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
Out of seven most developed countries, the United States finished __________ in terms of health care performance
Discuss which of the following types of technological change in health care likely to be cost increasing: I. threats of malpractice suits that cause physicians to order more diagnostic tests on average for a given set of patients symptoms ii) a new computer-assisted scanning device that enables physicians to take much more detailed picture of the brain iii) the introduction of penicillin earlier in this century iv) greater emphasis on preventive care v) the threat of Covid-19 virus
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.
Discuss the probable consequences of government regulation and market competition on the operation and performance of the health care industry. Question - Which of the following is not a basic question that must be answered as a result of scarcity? a. Who should decide the amount of money spent on medical goods and services?* b. Who should receive the medical goods and services that are produced? c. What mix of nonmedical and medical goods and services should be produced in the macroeconomy? d. What specific health care resources should be used to produce the chosen medical goods and services? e. What mix of medical goods and services should be produced in the health economy?
Which of the following is the most accurate statement regarding the problem with using life expectancy as a measure of health? Though there used to be a strong relationship between income and life expectancy, these differences have all but disappeared with the spread of modern medicine to even the poorest countries. Increases in life expectancy in both developed and developing countries are driven by improvements in old- age health, so we do not get an accurate picture of child mortality. Life expectancy gives you the average for a country, but overlooks significant differences between groups within countries. Cross country differences in life expectancy at birth are much smaller than differences in life expectancy at age 15 since there are such large differences in old-age health across countries.
The global market for private health insurance is being disrupted at the same time growing rapidly. Keeping in view with the current scenario of health insurance in India. Discuss the future aspects of Health Insurance market in India
What are the three major cost-reducing features of the Singapore health care system? Which one do you think has the largest effect on holding down the price of medical care in Singapore? What element of the Singapore system is shared by the Whole Foods and State of Indiana systems? What elements are missing? How difficult do you think it would be to implement those missing elements in the United States? Explain
Suppose that you graph nations' health expenditures against income and see that the US's point lies below others (like in the stylized figure below). From the graph below, it appears that the US is However, this may not be the case if C Health Switzerland UK US Health expenditures HPF productively efficient; The US has a population that prefers spending their resources on health productively inefficient; The US has a population that prefers spending their resources on health productively efficient; The US has lower levels of inherent health, therefore it has its own HPF which is lower than the others. productively inefficient; The US has lower levels of inherent health, therefore it has its own HPF which is lower than the others.
Which of these countries had the highest per capita expenditures on health care in according to the latest OECD Health Data? Australia Great Britain O Denmark United States
Please no written by hand Regarding the paper: How and why US health care differs from that in other OECD countries by Victor R. Fuchs In 6-12 paragraphs, explain three (or more) reasons the paper is or may be correct and three (or more) reasons the paper may be wrong. For each reason pro and con, give a counter argument. For one pro counterargument and one con counter argument, give a counter-counter argument. That is, you should have three pros, three counters to pros, and one counter-counter to one of the counter arguments to the pros. Same with cons: three cons, three counters, and one counter-counter.You answers should be based in economic reasoning and refer to the concepts of class such as utility, theory of insurance, cost-effectiveness, adverse selection, moral hazard, stake-holders and social movements, etc. Your answers should give details for each pro, con, and counter such that the reader will understand what each point means and why it is important.
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…

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