If all you had were the results from the RAND health insurance experiment, what policy recommendations...

If all you had were the results from the RAND health insurance experiment, what policy recommendations would you make concerning the provision of health insurance? Explain. How certain would you be of your conclusions?

Expert Solution

The RAND HIE has started it's survey from 1971 by a group led by health economist Joseph New house and by other researchers for the random study for the use of health insurance and it's overall cost effectiveness of opting the health insurance policy and how are that increasing the the effectiveness of the health an individual in US. RAND HIE has concluded that the health insurance without coinsurance leads to more people using services and to more services per users referring to the both outpatient and inpatient. Here those who do opt the free services are having more health coverage way than that of the those who are looking for the free of cost health insurance services. The survey summaries that the most of the individuals are covered by the employer insurance plans i.e. the corporate covers where they have no or minimum effect of health status.

As per my conclusion and understanding every person in family should be covered with the health insurance irrespective of age and dependency this will give problem free future and the cost of the medical expenses will lead to reduction, overall life expectancy will increase gradually.

Rahul Sunny answered 2 years ago

The RAND Health Insurance Experiment found that inpatient and outpatient care were complements. What implications does...

The RAND Health Insurance Experiment found that inpatient and outpatient care were complements. What implications does this have regarding the potential for saving money by increasing coverage for outpatient care?

One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone...

One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of families that had been assigned to the free insurance plan, compared with those in the high copayment plans. Concisely describe how the Grossman model might explain the fact that people facing higher prices for health care would break bones less often.

Data from the Rand Health Insurance Experiment indicated that: price has no impact on the utilization...

Data from the Rand Health Insurance Experiment indicated that: price has no impact on the utilization of health care. increased price is related to increased use of health care. increased price is related to decreased use of health care. increased price first increases, then decreases use of health care. None of the above.

One interesting result from RAND Health Insurance Experiment was that the rate of treated bone fractures...

One interesting result from RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of families that had been assigned to the free insurance plan, compared to those in the high cost plan. Please describe how the Grossman model might explain the fact that people facing higher prices for health care would break bones less often.

How do the findings from Rand Health Insurance Experiment reinforce the relationship between growth in third-party...

How do the findings from Rand Health Insurance Experiment reinforce the relationship between growth in third-party reimbursement and increase in health care costs? Explain.

Please Just find some articles related to the RAND Health Insurance Experiment and then answer the...

Please Just find some articles related to the RAND Health Insurance Experiment and then answer the following questions. Summarize the RAND study including its purpose, duration, and funding sources What questions did the RAND study attempt to answer? How does the RAND study illustrate the characteristics of health policy research? What specific contributions did the RAND study make to health policies regarding health insurance?

Summarize the results from the famous RAND health care study and compare those results to current...

Summarize the results from the famous RAND health care study and compare those results to current Medicaid studies.

100 people were asked if they had health insurance, and 13 said they did not. What...

100 people were asked if they had health insurance, and 13 said they did not. What is the 95% confidence interval estimate for the proportion of people who do not have health insurance? 13 ± 0.066 0.13 ± 0.022 0.13 ± 0.066 0.87 ± 0.066 MiraCosta College wishes to estimate the proportion of students who take online classes with a margin of error of 0.01 with 95% confidence. There is no pilot data. What is the required sample size? 9,715...

Comparing the Costs of a Regular Health Insurance Policy and an HMO. A health insurance policy...

Comparing the Costs of a Regular Health Insurance Policy and an HMO. A health insurance policy pays 65 percent of physical therapy cost after a $200 deductible. In contrast, an HMO charges $15 per visit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $50 each?

According to the Oregon Health Insurance Experiment, what occurs to the supply and demand of health...

According to the Oregon Health Insurance Experiment, what occurs to the supply and demand of health care services in the ER setting when everyone who needs Medicaid receives it (moral hazard)?

Question