Exam 24: Health Care

After WWII, a provision in the federal tax law favored company-provided health insurance over individual-purchased health insurance. By 2007, about what percentage of people with private health insurance in the U.S. received it as an employer-provided benefit?

The Patient Protection and Affordable Care Act (PPACA)of 2010 is more commonly known as

The price elasticity of demand for health care is

Many economists believe that at the current level of consumption of health care in the United States, the marginal cost of health care for society is

What is the moral hazard problem associated with health care insurance?

The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays one-half of the equilibrium price, the immediate price to the consumer and quantity of health care demanded would be

In 2014, the Medicare and Medicaid programs reimbursed approximately what percentage of hospitals' total cost of providing care to the patients covered by those programs?

As a percentage of GDP, health care spending in the United States has

Refer to the graph of a hypothetical market for health care. The efficiency loss caused by the provision of health insurance covering four-fifths of the cost is given by the area

Insurance companies use deductibles and copayments to

Identify the major sources of funding for health care and the relative percentages.

Total U.S. health care spending in 2017 was approximately

Explain how Singapore delivers good quality health care with significantly less spending than the United States.

Raising deductibles and copayments in health insurance plans is one effective way to contain health care costs.

Approximately what percentage of U.S. health care spending is financed by public insurance?

One of the provisions of the PPACA is a personal mandate that all individuals

Studies in industrially advanced nations indicate that a 10 percent increase in incomes will generate a

Which person would most likely be eligible to receive Medicare?

One major factor contributing to rising health care costs is

The major objective of Medicaid is to