Describe 3 ways the government sector of American society subsidizes the private health insurance strategy?

Expert Solution

Nightingale answered 2 years ago

The U.S. government subsidizes the private provision of health insurance through employers. Benefits paid to employees...

The U.S. government subsidizes the private provision of health insurance through employers. Benefits paid to employees are deductible as expenses by firms, but not recognized as taxable income by employees. Consider two employees, Ann and Bob, who work for two different employers. Ann earns $30,000, pays 15% in taxes, and pays $12,000 in premiums for health insurance offered by her employer. Bob earns $40,000, pays 25% in taxes, and has $12,000 worth of medical bills which he has to pay...

What difficulties in the provision of health insurance have led the private sector in search of...

What difficulties in the provision of health insurance have led the private sector in search of alternatives to the traditional indemnity policy model? Explain the basic rationale for what has come to be known as “consumer-driven health care.” How are these new insurance arrangements structured and how prevalent are they? Review the pros and cons of this type of insurance.

Which of the following are ways that a private insurance company or the federal government controls...

Which of the following are ways that a private insurance company or the federal government controls rising prescription drug expenditures? (Choose all that apply) a. Three-tiered formularies b. cost-sharing c. annual limits on the number of prescriptions that can be filled d. mandatory substitution of generics price controls

Describe government involvement in health insurance.

Describe the differences between the social insurance, national health service, and private health insurance healthcare delivery...

Describe the differences between the social insurance, national health service, and private health insurance healthcare delivery models.

a) Describe three ways in which Aristophanes’ Lysistrata reflects the society, culture, values, and/or government of...

a) Describe three ways in which Aristophanes’ Lysistrata reflects the society, culture, values, and/or government of fifth-century Athens. ??b) Describe three serious arguments for peace which are made by various characters in the play Lysistrata.

How is budgeting in the private sector different then budgeting for government agencies?

In countries with private and voluntary health insurance

In countries with private and voluntary health insurance, the principle of community rating means that the insurance companies are not allowed to charge a premium which differs among the costumers according to their health conditions. Explain why this principle may lead to a situation where a considerable part of the population chooses not to have health insurance.

Role of Government in Providing Health Insurance for Other Sections The government provides health insurance to...

Role of Government in Providing Health Insurance for Other Sections The government provides health insurance to low-income individuals, the elderly, and the disabled. These individuals cannot afford private health insurance and would be uninsured if government insurance did not exist. Medicaid and Medicare are entitlement programs, while SCHIP is a block grant program. On the basis of your knowledge on Medicaid, Medicare and SCHIP, write a 3- to 4-page essay in a Microsoft Word document on these government insurance programs....

Explain why the government produces goods, the private sector can and does produce, while the private...

Explain why the government produces goods, the private sector can and does produce, while the private sector will not produce the products ONLY the government can and will produce

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