True or False
Not only is the share of the GDP going to health care higher in 2012 than in 1929, the wages of health care workers have risen more rapidly than for other types of labor.
Of the 1,750 students expected to graduate with an M.D. from U.S. medical schools this year, the average debt per student will exceed $100,000.
Capitation is the most common form of hospital payment received from managed care organizations.
The idea that hospital competition has led to a âmedical arms raceâ can help explain why the U.S. has more than twice the OECD average number of MRI machines per 1,000,000 population.
U.S. health spending per capita in 2012 was
a)less than $3,000.
b)between $3,000 and $5,000.
The Principle of Diminishing Marginal Returns means
a)the more a good is consumed, the lower the average benefit from consumption.
b)the more of a good that is produced, the greater the benefit of the last good to the supplier.
c)the less of a good that is produced, the greater the average productivity of inputs.
d)The more of a good that is produced, the lower the productivity of the last input to production.
e)the more of a good that is produced, the greater the marginal productivity of the last input.
The primary costs to be accounted for in health care projects include all of the following except:
a)Medical care, follow-up and administration.
b)Treatment damages (side effects).
c)Reductions in future medical costs.
d)Time and pain of patient and family.
e)Provider time and inconvenience.
c)between $5,000 and $7,000.
d)between $7,000 and $9,000.
e)more than $9,000.
patient cost sharing is now a permanent feature in almost all health insurance contracts. The insurers introduce patient cost sharing with the goal to
a)reduce adverse selection.
b)reduce risk aversion.
c)reduce consumer demand.
d)increase consumersâ medication compliance.
e)use those funds to guarantee full coverage of catastrophic events.
True or False
Not only is the share of the GDP going to health care higher in 2012 than in 1929, the wages of health care workers have risen more rapidly than for other types of labor.
Of the 1,750 students expected to graduate with an M.D. from U.S. medical schools this year, the average debt per student will exceed $100,000.
Capitation is the most common form of hospital payment received from managed care organizations.
The idea that hospital competition has led to a âmedical arms raceâ can help explain why the U.S. has more than twice the OECD average number of MRI machines per 1,000,000 population.
U.S. health spending per capita in 2012 was
a)less than $3,000.
b)between $3,000 and $5,000.
The Principle of Diminishing Marginal Returns means
a)the more a good is consumed, the lower the average benefit from consumption.
b)the more of a good that is produced, the greater the benefit of the last good to the supplier.
c)the less of a good that is produced, the greater the average productivity of inputs.
d)The more of a good that is produced, the lower the productivity of the last input to production.
e)the more of a good that is produced, the greater the marginal productivity of the last input.
The primary costs to be accounted for in health care projects include all of the following except:
a)Medical care, follow-up and administration.
b)Treatment damages (side effects).
c)Reductions in future medical costs.
d)Time and pain of patient and family.
e)Provider time and inconvenience.
c)between $5,000 and $7,000.
d)between $7,000 and $9,000.
e)more than $9,000.
patient cost sharing is now a permanent feature in almost all health insurance contracts. The insurers introduce patient cost sharing with the goal to
a)reduce adverse selection.
b)reduce risk aversion.
c)reduce consumer demand.
d)increase consumersâ medication compliance.
e)use those funds to guarantee full coverage of catastrophic events.
