In: Economics
1. Which source of hospital revenue was zero prior to 1965?
[A] Private health insurance
[B] Out of pocket payments
[C] Medicare
2. In the United States, our health care system allows those with high incomes to purchase better quality care and medical services. What is an example of a way socialized health care systems allow citizens to purchase improved care?
[A] “Los Privados”, a Cuban service of private physicians.
[B] Medical tourism, where wealthy patients come to the US to get better and faster treatments
[C] A tax for decreased surrey wait time in France, known as “Impôt sur la santé”.
[D] 3 tiers of varying coverage levels for Canadians.
[D] Government
1. The answer is option c. Medicare is the insurance program which began in 1966, this means that before 1965 this could not have been the source of hospital revenue. The other options are incorrect because out of pocket payments and private health insurance existed before 1965.
2. The answer is b. Medical tourism is very popular in the US as many people from across the globe travel to the US to get treated for various diseases. It has become popular because of two reasons which are money and time as the treatment in US has become less expensive and we can travel to the US for faster treatment.Option a is incorrect because the Cuban service of private physicians does not talk about the US health care system as Cuba is a country located away from the US. Similarly option c is incorrect as a tax France does not talk about the health care services in the US. Option d does not talk about the entire US but the three tiers of varying levels of insurance has made good treatment accessible to many.