Question

In: Economics

1) Overall across all incomes Rand study found A) that the increase in health care use...

1) Overall across all incomes Rand study found

A) that the increase in health care use led to better health outcomes
B) that the increase in health care use led to poorer health outcomes
C) no significant impact of increase in health care use on health outcomes

D) none of the above

2) Why is Medicare insulated from recessions?

A) because most of the members are gainfully employed
B) because most of the members are already retired
C) because most of the elderly lose their Medicare benefits if they lose their job

D) none of the above

3) Among only low incomes Rand study found

A) that the increase in health care use led to better health outcomes
B) that the increase in health care use led to poorer health outcomes
C) no significant impact of increase in health care use on health outcomes

D) none of the above

4) What would be the reason for your answer in the previous question

A) medical intervention will make the biggest difference in health status or be most effective for those who are already healthy and have high incomes
B) medical intervention will make the biggest difference in health status or be most effective for those who are relatively sicker than the average person who often have low incomes
C) medical intervention will have zero effect even for those who are sick or vulnerable
D) none of the above

Solutions

Expert Solution

2) Answer: D

Medicare is insulated from recession becuase medicare never effect the raise and fall of an economy because what ever may the condition of the economy there will be no change in the GDP growth even great scholars also stated the same about this process. Thus Medicare is insulated from recession.

1) Answer: C

According to RAND study fund they found that there is no change in health outcomes in overall consideration but excemption of this can be seen in below poverty line people who went without the care needed. Due to RAND experiment there is decrease in health bill payment spendings but not in health outcome.

3) Answer:C

According to RAND study fund they found that there is no change in health outcomes in overall consideration but excemption of this can be seen in below poverty line people who went without the care needed. Due to RAND experiment there is decrease in health bill payment spendings but not in health outcome.


Related Solutions

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?
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.
The RAND Health Insurance Study was set up to examine the effect of economic incentives on...
The RAND Health Insurance Study was set up to examine the effect of economic incentives on medical care demand. What were the major findings of this study? In your opinion, does this study validate entirely that higher costs for the individual will result in lower consumption when it comes to healthcare?
Sand, Mell, and Rand are partners who share incomes and losses in a 1:4:5 ratio. After...
Sand, Mell, and Rand are partners who share incomes and losses in a 1:4:5 ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decided to liquidate the partnership. Before the liquidation, the partnership balance sheet showed the following: Cash $10,000 Total “other assets,” $106,000 Total liabilities, $88,000 Sand, Capital, $1,200 Mell, Capital, $11,700 Rand, Capital, $15,100 The “other assets” were sold for $ 85,000. Proceeds from the sale of other assets were used to payoff existing...
is the Affordable Care Act really lower the cost overall costs for health care coverage to...
is the Affordable Care Act really lower the cost overall costs for health care coverage to the US patients..?
Write a description of the interrelationships across the health care delivery system.
Write a description of the interrelationships across the health care delivery system.
Adequate Preparation for Retirement. In 2018, RAND Corporation researchers found that 71% of all individuals ages...
Adequate Preparation for Retirement. In 2018, RAND Corporation researchers found that 71% of all individuals ages 66 to 69 are adequately prepared financially for retirement. Many financial planners have expressed concern that a smaller percentage of those in this age group who did not complete high school are adequately prepared financially for retirement. a. Develop appropriate hypotheses such that rejection of H0 will support the con-clusion that the proportion of those who are adequately prepared financially for retirement is smaller...
How does public health fit into the overall environment of health care in the United States?
How does public health fit into the overall environment of health care in the United States?
Explain how changes in incomes, population, and lifestyles contribute to increasing health care costs.
Explain how changes in incomes, population, and lifestyles contribute to increasing health care costs.
In one town, monthly incomes for all men without college degrees are found to have a...
In one town, monthly incomes for all men without college degrees are found to have a standard deviation of $650. Use a 0.01 significance level to test the claim that for men with college degrees in that town, incomes have a standard deviation above $650. A random sample of 27 men with college degrees resulted in incomes with a standard deviation of $825.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT