Question
In: Economics
One of the Affordable Care Act's features was a mandate requiring everyone to have health insurance....
One of the Affordable Care Act's features was a mandate requiring everyone to have health insurance. The mandate feature was included because
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there is too little competition in insurance markets |
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there are externalities in the health insurance market |
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people purchasing health insurance have imperfect information about their policies |
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imperfect information in insurance markets requires that the pool of insured people include a wide range of health risks |
Solutions
Expert Solution
Imperfect information in insurance markets requires that the pool of insured people include a wide range of health risks
Explanation: Imperfect information in the health insurance market requires a pool of insured people with a wide range of health risks to diversify the total risk.
Rahul Sunny answered 3 years agoRelated Solutions
At the same time the Affordable Care Act is popular with voters, the health insurance mandate...
At the same time the Affordable Care Act is popular with
voters, the health insurance mandate was ended early in the Trump
Administration. Are you optimistic or pessimistic about the future
of the Affordable Care Act (now that the requirement for everyone
to have health insurance has been eliminated)? Why or why
not?
Several states challenge the Patient Protection and Affordable Care Act (2010) mandate to purchase health insurance....
Several states challenge the Patient Protection and
Affordable Care Act (2010) mandate to purchase health insurance.
These challenges were meet by a strong government response. In
2012, the US Supreme Court ruled in a 5 to 4 decision that the
mandate to purchase was constitutional. From the second e-Activity
review the option in the case and explain the Court's rationale for
upholding the mandate.
The Affordable Care Act (ACA) was designed to increase access to health care for everyone in...
The Affordable Care Act (ACA) was designed to increase
access to health care for everyone in the United States. Do you
feel this has happened? Please explain your answer.
1.Did the Affordable Care Act have any impact on health insurance? 2.Did the Affordable Care Act...
1.Did the Affordable Care Act have any impact on health
insurance?
2.Did the Affordable Care Act have any impact on
employer sponsored health insurance?
3.What is the difference between public and private
financing?
4.What impact do utilization reviews have on access,
quality, and cost of health care?
5.How is Medicare different from Medicaid?
6.How is Medicaid financed?
7.How is Medicare financed?
8.Who administers Medicaid and Medicare?
9What is the impact of the Affordable care act on
Medicare and Medicaid ?
Until 2019, the Affordable Care Act included a mandate. The mandate was to avoid which of...
Until 2019, the Affordable Care Act included a mandate. The
mandate was to avoid which of the following
positive externalities
too little competition
adverse selection problem
negative externalities
Describe the effect and availability of affordable health insurance and access to care since the Affordable...
Describe the effect and availability of affordable health
insurance and access to care since the Affordable Care Act has
become law.
Describe the effect and availability of affordable health insurance and access to care since the Affordable...
Describe the effect and availability of affordable health
insurance and access to care since the Affordable Care Act has
become law (150 words)
True or False. A mandate requiring all jobs to provide health insurance has the same impacts...
True or False. A mandate requiring all jobs to provide health
insurance has the same impacts as a plan imposing an income tax to
fund a government health insurance plan covering all workers
(assume the insurance plans are identical in both cases), because
with both plans workers end up paying for healthcare in the form of
lower take home wages.
Affordable Care Act brought certain health insurance mandateswith some exceptions. Since Affordable Health Care Act...
Affordable Care Act brought certain health insurance mandates
with some exceptions. Since Affordable Health Care Act became law,
between years 2010 and 2016, the number of uninsured people in the
United States went down from 48 million to about 29 million. Assume
that most of these 19 million people who gained health insurance
access were young and healthy. Given this information and
assumption, holding everything else that may affect the demand for
health insurance constant, which one of the following...
Suppose 5% of Americans have health insurance with the Affordable Care Act (ACA), 85% have other insurance, and 10% have no insurance.
Suppose 5% of Americans have health insurance with the Affordable Care Act (ACA), 85% have other insurance, and 10% have no insurance. Of those covered by the ACA, 55% have a pre-existing condition (such as cancer, diabetes, etc.) 10% of those with other insurance, and 90% of those with no insurance, also have a pre-existing condition. (a) (3) Find the probability that a randomly selected person has a pre-existing condition. (b) (2) Find the probability that a randomly selected person is covered...
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