Question

In: Economics

Suppose that a government agency guarantees to pay all of an individual’s future health care expenses...

Suppose that a government agency guarantees to pay all of an individual’s future health care expenses after the end of this year, so that the effective price of health care for the individual will be zero from that date onward. In what ways might this well-intended policy induce the individual to consume “excessive” health care services in future years?

Solutions

Expert Solution

As government agency guarantees to pay all of an individual' s future health care expenses due to this the effective price of health care for individuals will be zero. This can be implemented for individuals to consume excessive health care services in futures are given below:-

1: Before implementing this policy govenment should go for or world health report, due which they can estimate the aggrigate percentage of people who are suffering from health issues . which helps govenment to insure the number of hospital in need able place as well as required number of doctors so that in future there is no any problem will occurs regarding hospital and doctors and peoples from diffrent region can utilize health care sevices in excessive amounts.

2:Government should focus on quality of doctors.

3: now days corruption is on the peak so govenmwnt should also focus on this due to this all categories people can able to consume this facilities in excessive amounts.


Related Solutions

Should the government pay for all pension guarantees? Please answer in the affirmative and cite sources.
Should the government pay for all pension guarantees? Please answer in the affirmative and cite sources.
describe eht government not always pay for health care? why**
describe eht government not always pay for health care? why**
Who are the future leaders of health care? Where can current health care professionals find these...
Who are the future leaders of health care? Where can current health care professionals find these individuals and how can these future leaders be supported in their development? In the next 5-10 years, what are two leadership roles that will be critical in supporting continuous quality improvement in health care? Explain your answer.
3. i) To assist in ensuring adequate and affordable health care for all, the federal government...
3. i) To assist in ensuring adequate and affordable health care for all, the federal government has mandated that health insurers provide health insurance to all, regardless of their physical condition. Insurers may not reject coverage for pre- existing health problems. Explain why this mandate, standing alone, creates tremendous potential for adverse selection problems. ( 5 mark ) ii) Many health and casualty insurance policies require policyholders to pay a certain amount (called a deductible) for claims before the insurer...
Scenario and Data: The relationship between quality of health care and government subsidy for health care...
Scenario and Data: The relationship between quality of health care and government subsidy for health care was studied.  Ten people representing different countries were selected and surveyed regarding their opinion of their countries health care.  Higher opinion values indicate a more favorable view of their countries health care.  Percentage of government subsidy was also determined – countries with socialized medicine score 100%, while countries with no government-subsidized health care score 0%.  The purpose of this study was to determine the amount of government subsidy...
Scenario and Data: The relationship between quality of health care and government subsidy for health care...
Scenario and Data: The relationship between quality of health care and government subsidy for health care was studied. Ten people representing different countries were selected and surveyed regarding their opinion of their countries health care. Higher opinion values indicate a more favorable view of their countries health care. Percentage of government subsidy was also determined – countries with socialized medicine score 100%, while countries with no government subsidized health care score 0%. The purpose of this study was to determine...
Explain the future forces and the impact on health care demand.
Explain the future forces and the impact on health care demand.
How Do You Pay for Your Health Care? Make a list of the health care services...
How Do You Pay for Your Health Care? Make a list of the health care services that you used last year and estimate the cost of each of those services. Then indicate how these costs were paid, whether by yourself as an out-of-pocket expense or by a health care plan. Write a summary of what you have learned about how your health care expenses are paid.
Should the U.S. rely more on government funding for health care for all citizens? What would...
Should the U.S. rely more on government funding for health care for all citizens? What would the advantages and disadvantages be of such a system?  
In what ways do cultural care expressions, patterns, and practices influence an individual’s health and well-being?
In what ways do cultural care expressions, patterns, and practices influence an individual’s health and well-being?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT