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- What impact does AI have in healthcare and how does it play a factor in the economy? Please provide the explanation in detail and source of information.An applicant for life insurance must be informed of their rights under the Fair Credit Reporting Al al which of the following times? When tho producer makes the initial appoiniment to see the insured When the producer completes the insured's application When the producer delivers the policy When the insurer receives the initial premiumwhat does non-stationarity mean ?
- A consumer’s demand for a medical service is as follows: Q = 100 – P, where P is theout-of-pocket price she actually faces. Assume this medical service has a market price of $70.This consumer is considering four different insurance options: no insurance, full insurance, a 50% coinsurance plan, and a copayment plan with a $25 co-pay Calculate the deadweight loss under each insurance scheme and show iton each graph. What do you observe?What is the problem of moral hazard?1. Medical care is the process of combining certain inputs to yield an output.TrueFalse
- 46. Consider the information concerning the costs and QALYS for various treatments for cancer that is presented in the table below. Which of the treatments is/are dominated? Cost per QALYS Gained Cancer Treatment Treatment 200 400 10 500 12 K 600 6. 700 14 Oa.G. O b. H. OCK OdL Oe None of the aboveFor Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800.(a) John admitted hospital A for pancreas transplant. The charges for John'streatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How muchpayment hospital A would get from Medicare?(b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan'streatment was same as John, $128,000, but cost to charge ratio for Hospital Bwas 0.25. How much payment hospital B would get from Medicare?Briefly explain why quantifying nsk is important to decision making Why is it important to quantity risk when making a decision? OA Quantifying risk is important so it can be measured against the benetits when making decisions appropriate for our own personal crcamstances OB. Quantifying risk is important so it can be measured against the benetts when making decisions idealy the risk wil equal the benefts OC. Quantifying risk is important so it can be measured against the benefits when making decisions ideally the risk will outweigh the benefs OD. Quantifying risk is important so it can be measured across a population and help identity why people make the decisions they do
- experts are using chat gpt. I will dislike your answe If it's AI generated.Suppose that an individual's demand curve for doc-tor visits per year is given by the equation P = 500- 25Q, where Q is the number of doctor visits peryear and P is the price per visit. Suppose also thatthe marginal cost of each doctor visit is $100.a. How many visits per year would be efficient?What is the total cost of the efficient numberof visits?b. Suppose that the individual obtains insur-ance. There is no deductible, and the coin-surance rate is 50 percent. How many visitsto the doctor will occur now? What are theindividual's out-of-pocket costs? How muchdoes the insurance company pay for this individual's doctors' visits?c. What is the deadweight loss (if any) causedby this insurance policy?For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare?