Question
In: Economics
In the RAND study, two plans had full coverage for spending within the hospital, but one...
In the RAND study, two plans had full coverage for spending within the hospital, but one had a $150 deductible for ambulatory care. The plan with the ambulatory care deductible had a lower probability of hospital admission (0.115) per year than did the plan with full coverage for everything (0.128), even though both plans covered hospital care fully. (See Table 5.4) What does that tell you about the use of hospital and ambulatory care? Are they substitutes or complements. Explain what’s happening in words your mom might understand. Are there policy implications to this finding?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
In the RAND study, two plans had full coverage for spending within the hospital, but one...
In the RAND study, two plans had full coverage for spending
within the hospital, but one had a $150 deductible for ambulatory
care. The plan with the ambulatory care deductible had a lower
probability of hospital admission (0.115) per year than did the
plan with full coverage for everything (0.128), even though both
plans fully covered hospital care.
a. Based on this result, are hospital care and ambulatory care
substitutes or compliments? Do they have a positive or negative
cross-price...
Baxter Hospital plans to open a larger Pediatric Unit within 2 years.
Students are expected to design a qualitative study
based on the case study.Case Study 1Baxter Hospital plans to open a larger Pediatric Unit within 2
years. This unit houses a large waiting room with an indoor play
area; two cafes; eight operating room suites; outpatient recovery
rooms for 1-day stay procedures; 60 private inpatient pediatric
rooms with a single bed for adults wishing to spend the night;
three specialty rooms for art, music, and physical therapy; 12
pediatric intensive care...
A hospital is considering building a clinic. Two years ago the board had a feasibility study...
A hospital is considering building a clinic. Two years ago the
board had a feasibility study done for $25,000 that indicated it
was likely a profitable venture. The land would get $100,000 if
sold in today’s market. Constructing and equipping the
clinic will be $4,000,000. Management believes the
center will generate17,500 visits per year. In Year 1,
revenue is expected to be $125 per visit, supply cost will be $25
per visit and labor cost (which will not vary with volume) will be...
A random sample of 1900 workers in a particular city found 399 workers who had full health insurance coverage.
A random sample of
1900 workers in a particular city found 399 workers who had full
health insurance coverage. Find a 95% confidence interval for the
true percent of workers in this city who have full health insurance
coverage. Express your results to the nearest hundredth of
a percent. Answer:
to %
Explain two ways for optimizing physician documentation within the EHR of a hospital. Why is such...
Explain two ways for optimizing physician documentation within
the EHR of a hospital. Why is such optimization important?
The local community hospital routinely practices activation of its Emergency Preparedness Plans. One key aspect of...
The local community hospital routinely practices activation of
its Emergency Preparedness Plans. One key aspect of the emergency
preparedness exercise is to provide all staff with opportunities to
practice their various roles during an actual emergency. Registered
nurses from the Emergency Department frequently have key roles in
patient triage and emergency management.
How is triage different in a disaster from triage on a
routine day in the Emergency Department?
What are the triage categories during a Mass Casualty
Incident?
During...
When hospitals affiliate within its region does one hospital put out the other? What if the...
When hospitals affiliate within its region does one hospital put
out the other? What if the hospitals merge?
20 babies born in one week in a local hospital had the following weights (in pounds):...
20 babies born in one week in a local hospital had the following
weights (in pounds): 9.6, 8.8, 5.1, 7.7, 6.1, 8.9, 8, 9.2, 5.7,
9.1, 8.5, 7.3, 9.3, 9.6, 5.2, 9.9, 7.6, 9, 7.2, 8.5 (a) Create a QQ
plot and histogram of the weights. Do you think it is reasonable to
assume that the population distribution is normal? Explain your
answer. (b) Regardless of your answer to (a), use R to perform the
bootstrap with 3000 resamplings to...
1.The local community hospital routinely practices activation of its Emergency Preparedness Plans. One key aspect of...
1.The local community hospital routinely practices activation of
its Emergency Preparedness Plans. One key aspect of the emergency
preparedness exercise is to provide all staff with opportunities to
practice their various roles during an actual emergency. Registered
nurses from the emergency department frequently have key roles in
patient triage and emergency management.(Learning Objective2)
a. How is triage different in a disaster from triage on a routine
day in the emergency department?
b. What are the triage categories during a mass...
Two insurance policies provide the insurance coverage for the law firm. Policy one was purchased on July 1, last year for $2,064 and provides 24 months of liability coverage.
How do I record this adjusted entry.Two insurance policies provide the insurance coverage for the law firm. Policy one was purchased on July 1, last year for $2,064 and provides 24 months of liability coverage. Policy two was purchased on January 2, this year for $1,260 and is also a 24 month policy covering the business equipment.
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