Question

In: Economics

Under Obamacare older people can be charged up to three times more than younger people for...

Under Obamacare older people can be charged up to three times more than younger people for coverage under the same health insurance plan (this is described as a 3:1 cost ratio).

True

False

Solutions

Expert Solution

False,

Under Obamacare there was a same price for the people of different age, under the present American healthcare act the costs have increased considerably though.


Related Solutions

The following are standardized cognitive scores for n=8 younger people and n=8 older people: Younger Older...
The following are standardized cognitive scores for n=8 younger people and n=8 older people: Younger Older 8 7 6 5 6 8 7 5 8 7 7 6 8 8 8 5 Calculate SS, variance, and standard deviation for both sets of people. Which group is more consistent? (less variability)
A researcher was interested in investigating if younger women feel more positively toward themselves than older...
A researcher was interested in investigating if younger women feel more positively toward themselves than older women. She obtains the cooperation of five mother-daughter pairs. The daughters are all college students. She then administers a measure of self-esteem to these ten women. The scores range from zero to ten with ten meaning high self-esteem. The scores are as follows: Mother-Daughter Pair Mother Daughter 1 4 6 2 10 10 3 6 8 4 9 7 5 6 9 1. State...
Do people under 40 defecate more than 3 times a day? I need to find a...
Do people under 40 defecate more than 3 times a day? I need to find a proper hypothesis testing and I am unsure of what data to actually use to construct the claim, NULL, ALT, SIGNIFICANCE LEVEL and appropiate test statistics. (AGE/TIMES PER DAY) 40 4 43 1 42 2 70 1 66 3 27 2 69 4 70 1 47 3 48 1 43 2 28 2 37 6 20 1 20 0 39 5 24 5 21 3...
When the government taxes younger people to pay benefits to older people, how does this affect...
When the government taxes younger people to pay benefits to older people, how does this affect the amount of assistance that younger people might voluntarily choose to offer older people? How does this affect the size of the bequests that older people are likely to leave to their children or grandchildren when they die? How does it affect the decisions of the younger workers about how much leisure they consume (how they spend their disposable income)? How does the promise...
You investigate whether the older or younger male in pairs of brothers tends to be more...
You investigate whether the older or younger male in pairs of brothers tends to be more extroverted. You obtain the following extroversion scores: Sample 1 (Younger) Sample 2 (Older) 10 18 11 17 18 19 12 16 15 15 13 19 19 13 15 20 (a) What are H0 and Ha? (b) Compute tobt. (c) With ? 5 .05, what is tcrit? (d)compute the 95% confidence interval for the mean difference
What are some reasons why the uninsured are charged more for medical services than people who...
What are some reasons why the uninsured are charged more for medical services than people who are insured?
I would like you to ask three questions of one or more of the older people...
I would like you to ask three questions of one or more of the older people you know in your life. You could ask one person three questions or ask three people one question (or any other combination). Hand in the questions you asked and a description of what you learned by asking the question.
In a ternary (three level) communications system, 3 is transmitted three times more frequently than a...
In a ternary (three level) communications system, 3 is transmitted three times more frequently than a 1 while a 2 is transmitted two times more frequently than 1. Probability of receiving a 2 when is 1 transmitted is α/2 (same for receiving a 3). Probability of receiving a 1 when 2 is transmitted is β/2 (same for receiving a 3). The probability of receiving a 2 when 3 is transmitted is γ/2 (same for receiving a 1). (a) Draw the...
Less or More Most older adults consume  ____________  than the RDA for protein. Some research suggests that older...
Less or More Most older adults consume  ____________  than the RDA for protein. Some research suggests that older adults may actually need  ____________  than the RDA for protein to achieve optimal health. Older Americans typically consume  ____________  than the recommended amounts of carbohydrates and fats. Most older Americans obtain  ____________  than the recommended amounts of potassium and calcium. In contrast, like most of the American population, they consume  ____________  than the recommended amounts of sodium. The diets of older adults tend to provide  ____________  than the RDA for calcium and vitamin D....
There are over 5,000 banks in the United States—more than 10 times more per person than...
There are over 5,000 banks in the United States—more than 10 times more per person than in other industrialized countries. A recent study suggests that the long-run average cost curve for an individual bank is relatively flat. If Congress took steps to consolidate banks (merge some of the banks), thereby reducing the total number to 2,500, what would you expect to happen to average costs within the banking industry?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT