An empirically testable hypothesis for additional health care expenditure as an investment rather than as an expense is: Group of answer choices If an increase in health care expenditure today results in an a rise in health care stock prices, then health care expenditure has an investment effect. If an increase in health care expenditure today results in worse health outcomes today, then health care expenditure has an investment effect. If an increase in health care expenditure today results in a more competitive health care market tomorrow, then health care expenditure has an investment effect. If an increase in health care expenditure today results in an increase in productivity tomorrow, then health careexpenditure has an investment

An empirically testable hypothesis for additional health care expenditure as an investment rather than as an expense is: Group of answer choices If an increase in health care expenditure today results in an a rise in health care stock prices, then health care expenditure has an investment effect. If an increase in health care expenditure today results in worse health outcomes today, then health care expenditure has an investment effect. If an increase in health care expenditure today results in a more competitive health care market tomorrow, then health care expenditure has an investment effect. If an increase in health care expenditure today results in an increase in productivity tomorrow, then health careexpenditure has an investment

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter7: The Market For Health Insurance

Section: Chapter Questions

Problem 3QAP

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Similar questions

What are some of the metrics economists use to measure health outcomes?
. In what sense is health care an investment? In whatsense is it pure consumption?
The goal of health insurance is to O spread financial risk over a large group of people O equally distribute the probabifity of loss over a large number of people collect sufficient premiums to cover all possible losses O equalize the availability of medical care across population groups O redistribute income from the sick to the healthy
Total health expenditures are a function of price and O A. Reimbursement O B. Value O C. Assets O D. Quantity
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.
6. Suppose a government agency improves well quality from wo to wi at a cost of C, and observes an improvement in health from ho to hị, and it places a value V on this health improvement. (Don't worry about how one could come up with a valuation V, let's just assume that this value is correct.) Is it correct to think that the net benefit from this program is V - C? When might this be an overstatement of the utility gains? When might it be an understatement? When might it be approximately correct? Hint: this depends on b and p.
If surgeons really have the ability to increase thedemand for surgeries, which kinds of surgerieswill be most affected? Can you think of a way todetermine which surgeries are unnecessary? Provide several examples from your own readings orexperience.
Suppose the government imposes a system of price ceilings in the health care industry as part of an overall health care reform bill. a) draw a graph of the health care market and show equilibrium price and quantity. b) assume the government imposes an effective price ceiling in the health care market. Show the price ceiling in your graph. Indicate what will happen to quantity demanded and quantity supplied of health over time ? c) would a shortage or surplus result ? I llustrate in your graph.
Describe Grossman's Improvement Model of Health. How does Grossman reconcile health as both something in demand and something produced by individuals?
“The consumption function and budget constraints explained are useful elements inunderstanding the microeconomic approach to health spending.” With the use ofappropriate graphs and mathematical expressions, critically evaluate this statement.
Consider the following graph. Ceteris paribus, suppose that artificial intelligence (IA) improves worker productivity. Which of the following statements is correct? Health, h Effect of health on income, y(h) Effect of income on health, h(y) Income per capita, y а. The health function, h( y ), shifts up, increasing the equilibrium levels of health and income. O b. Al cannot affect these functions as they determine health outcomes. C. None of these statements are correct. O d. The income function, y( h ), shifts to the right, increasing the equilibrium levels of health and income. е. Both functions shift leading to an increase in the equilibrium levels of health and income.
what is the relationship of macroeconomics to health economics? give the importance of its relationship.