1. Adverse selection may result in both the low risk and the high risk people in a population being left uninsured. Is this, in itself, a market failure?
| Yes, for the low risk group, but not for the high risk group. |
| Yes, for the high risk group, but not for the low risk group. |
| No, this is not a market failure on its own--there is no market failure unless positive exernalities in the use of health care exist. |
| No, this is just how markets work--only those willing and able to pay the price can buy a product.. |
Question 2
Which of the following statements is FALSE?
| A deductible is an amount of money that an insured person must pay out-of-pocket before their insurance starts to pay for any health care. |
| The elderly are the best insured age group in the U.S.A. |
| A risk averse person would never buy actuarially fair health insurance. |
| Insurers have used pre-existing conditions in practicing Adverse Selection. |
Question 3
Which of the following are examples of Adverse Selection in the market for health insurance?
(i) Insurers rejecting high cost customers;
(ii) People with low expected health care costs choosing to not buy insurance;
(iii) Uninsured people delaying seeking treatment until it is an emergency;
(iv) Insurers refusing to renew policies of sick people;
(v) Insurers imposing lifetime limits on how much health care they will pay for each person.
| (i), (ii), (iv), and (v), only. |
| (i), (iv), and (v), only. |
| (i) and (ii), only. |
| All of (i), (ii), (iii), (iv), and (v). |
Question 4
Which of the following are possible government solutions to the various types of adverse selection in the market for health insurance?
(i) Require doctors to have a license to practice medicine;
(ii) Make it mandatory for everyone to have health insurance;
(iii) Impose regulations on private insurance companies;
(iv) Provide health insurance for the full population, paying for it through taxation;
(v) Provide health care by owning hospitals, employing doctors, and purchasing health care resources, all financed through taxation.
| All of (i), (ii), (iii), (iv), and (v). |
| (ii), only. |
| (ii), (iii), (iv), and (v), only. |
| (iii), (iv), and (v), only. |
Question 5
Which of the following statements is FALSE?
| The purpose of health insurance is to protect individuals from predictable, recurring, low-level costs, like preventive care. |
| Low risk people choosing to drop out of the market, increases the premiums that must be charged to those remaining in the insurance pool. |
| Risk pooling enables an insurer to spread risks across everyone in the insurance pool. |
| Adverse selection of low risk people is the result of Asymmetric Information. |
In: Economics
As a medical professional, we will often be tasked with presenting a diagnosis to a patient with no educational background or experience within the healthcare profession. In these cases, it is critical to convey this very important and pertinent information to the patient in a way in which they can fully understand the information, i.e., to put the information into laymen terms, as well as making certain the patient is comfortable in seeking additional support and community.
In addition, patients in the above scenario might also choose to
seek out the help of a healthcare advocate (a medical professional
appropriately trained within the medical field) to help the patient
research, organize, understand and communicate and field questions
with the physician. Patient healthcare advocates require that the
information is conveyed and presented to them as if the physician
and/or healthcare professional were speaking to a colleague, i.e.,
medical and technical terms.
Assume the role of a healthcare professional tasked with educating
both the newly diagnosed patient (in laymen terms), as well as the
patient’s healthcare advocate (medical and technical
terms).
Instructions:
v Choose one cranial nerve injury or disease OR one spinal nerve injury or disease to serve as the focus of the assignment.
v Complete research on the selected injury or disease.
v Create an educational pamphlet for the patient that includes the following information on the injury or disease in laymen terms:
o Anatomy
o Physiological processes/pathways
o Risk factors
o Signs and symptoms
o When to call the primary care provider or seek emergency room attention
o Current and potential treatments (to include existing clinical trials)
o Prevention strategies and measures
o Online and community resources for further information and support
v Create an educational pamphlet for the patient’s healthcare advocate that includes the following information on the injury or disease in medical and technical terms:
o Anatomy
o Physiological processes/pathways
o Risk factors
o Signs and symptoms
o When to call the primary care provider or seek emergency room attention
o Current and potential treatments (to include existing clinical trials)
o Prevention strategies and measures
o Online and community resources for further information and support
v Be creative with the design and writing of each piece to make the information engaging and understandable for the patient and medically and technically appropriate for the patient’s healthcare advocate.
v Please be certain to cite any relevant information from sources used within your materials (to include photos and diagrams) in APA format.
v Please review the rubric to ensure that your assignment meets criteria.
v Unit 6: Educational Pamphlet
In: Nursing
Activity 1: How far can a soccer player kick a soccer ball down field? Through the application of a linear function and a quadratic function and ignoring wind and air resistance one can describe the path of a soccer ball. These functions depend on two elements that are within the control of the player: velocity of the kick (v k ) and angle of the kick (?). A skilled high school soccer player can kick a soccer ball at speeds up to 50 to 60 mi/h, while a veteran professional soccer player can kick the soccer ball up to 80 mi/h. Vectors Gravity The vectors identified in the triangle describe the initial velocity of the soccer ball as the combination of a vertical and horizontal velocity. The constant g represents the acceleration of any object due to Earth’s gravitational pull. The value of g near Earth’s surface is about ?32 ft/s2 . v x = v k cos ? & v y = v k sin ?
1. Use the information above to calculate the horizontal and vertical velocities of a ball kicked at a 35° angle with an initial velocity of 60 mi/h. Convert the velocities to ft/s. (2 pts) Project 2 368 MTHH 039 2. The equations x(t) = v x t and y(t) = v y t + 0.5 gt2 describe the x- and y- coordinate of a soccer ball function of time. Use the second to calculate the time the ball will take to complete its parabolic path. (4 pts) 3. Use the first equation given in Question 2 to calculate how far the ball will travel horizontally from its original position. (2 pts)
Activity 2: How far can a soccer player kick a soccer ball down field? Through the application of a linear function and a quadratic function and ignoring wind and air resistance one can describe the path of a soccer ball. These functions depend on two elements that are within the control of the player: velocity of the kick (v k ) and angle of the kick (?). A skilled high school soccer player can kick a soccer ball at speeds up to 50 to 60 mi/h, while a veteran professional soccer player can kick the soccer ball up to 80 mi/h.
1. Use the technique developed in Activity 1 to calculate horizontal distance of the kick for angle in 15° increments from 15° to 90°? Make a spreadsheet for your calculations. Use the initial velocity of 60 mi/h. (8 pts)
I want to know the answer of the last question that I write bold and italic. Let me know the answer of this questions!!!
In: Math
On the back of its cereal boxes, Tiger Cereal Company offers a premium to its customers. The premium, a toy truck, may be claimed by sending in $1 plus 10 coupons; one coupon is included in each box of cereal sold. Tiger estimates, based on past experience, that 60% of the coupons will be redeemed. During 2016, Tiger purchased 240,000 toy trucks at $1.25 each for the premium promotion and sold 5,000,000 boxes of cereal, for cash, at $1.80 per box. In 2016, 2,200,000 coupons were redeemed.
Required:
| 1. | Prepare the journal entries related to the previous promotion (including sales) for 2016. |
| 2. | Show how the items related to the premium plan would be reported on the December 31, 2016, balance sheet. |
| 3. | Next Level What would be the effect on the financial statements if Tiger recorded premium expense as the coupons were redeemed? |
In: Accounting
On the back of its cereal boxes, Tiger Cereal Company offers a premium to its customers. The premium, a toy truck, may be claimed by sending in $1 plus 10 coupons; one coupon is included in each box of cereal sold. Tiger estimates, based on past experience, that 60% of the coupons will be redeemed. During 2016, Tiger purchased 240,000 toy trucks at $1.25 each for the premium promotion and sold 5,000,000 boxes of cereal, for cash, at $1.80 per box. In 2016, 2,200,000 coupons were redeemed.
Required:
| 1. | Prepare the journal entries related to the previous promotion (including sales) for 2016. |
| 2. | Show how the items related to the premium plan would be reported on the December 31, 2016, balance sheet. |
| 3. | Next Level What would be the effect on the financial statements if Tiger recorded premium expense as the coupons were redeemed? |
In: Accounting
On December 31, 2015, Valur Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet: 1 Available-for-sale investments (at cost) $145,000.00 2 Plus valuation allowance for available-for-sale investments 40,000.00 3 Available-for-sale investments (at fair value) $185,000.00 There were no purchases or sales of available-for-sale investments during 2016. On December 31, 2016, the fair value of the available-for-sale investment portfolio was $200,000. The net income of Valur Co. was $210,000 for 2016. Compute the comprehensive income for Valur Co. for the year ended December 31, 2016. Refer to the Chart of Accounts and the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. If a net loss is incurred, enter that amount as a negative number using a minus sign.
In: Accounting
On May 1, 2016, DigiCom issued $3,600,000 of 10 year, 11%,
convertible bonds at 94 plus accrued interest. The bonds paid
interest on May 1 and November 1. DigiCom follows ASPE and
amortizes its bond discount using the straight-line method. On the
same date, non-convertible bonds would have sold at 93 plus accrued
interest. On May 1, 2017, $720,000 of the bonds were converted into
29,000 shares.
a) DigiCom measures the equity component using the residual method.
Record the following journal entries dealing with the bonds:
May 1, 2016: Issuance of the convertible bonds.
November 1, 2016: First interest payment.
December 31, 2016: DigiCom's year end.
May 1, 2017: Second interest payment.
May 1, 2017: Conversion of the bonds.
In: Accounting
"Measuring Firm performance."
Then, each of you pick a firm, and do out the following:
Find and report its current P/E ratio.
Calculate and report on any two of its ratios: its ROE, CR, D/E ratio or TAT for two years. Ideally use 2016 and 2017, and if 2017 numbers are unavailable, use 2015 and 2016.
Write a brief (100 word) paragraph comparing its performance over the two years:2016 and 2017 (or 2015 and 2016).
Everyone please use a different firm, if a teammate has used it, you cannot. The firms are:
AMD
Apple
Bank of America
Berkshire Hathaway
CVS (Caremark)
Disney
Exxon-Mobil
Ford
GM
Home Depot
Intel
Lowes
Microsoft
New York Times (NYTCO)
Pfizer
Proctor & Gamble
Viacom
Walmart
Yahoo
In: Finance
part a
calculate the sample autocorrelation function and provide an interpretation
part b
construct an individual control chart with the standard deviation estimated using the moving range method. how would ypu interpret the chart? are ypu comfortable with this interpretation?
data
2048, 2025, 2017, 1995, 1983, 1943, 1940, 1947, 1972, 1983, 1935, 1948, 1966, 1954, 1970, 2039, 2015, 2021, 2010, 2012, 2003, 1979, 2006, 2042, 2000, 2002, 2010, 1975, 1983, 2021, 2051, 2056, 2018, 2030, 2023, 2036, 2019, 2000, 1986, 1952, 1988, 2016, 2002, 2004, 2018, 2002, 1967, 1994, 2001, 2013, 2016, 2019, 2036, 2015, 2032, 2016, 2000, 1988, 2010, 2015, 2029, 2016, 2010, 2000, 2009, 1990, 1986, 1947, 1958, 1983, 2010, 2000, 2015, 2032
In: Statistics and Probability
Fleet Sports purchased manufacturing equipment with a cost of $200,000 at the beginning of 2016. The equipment has an estimated life of 4 years or 100,000 shoes (units of product). The estimated residual value is $20,000. During 2016, 36,000 shoes (units of product) were produced with this machinery. Determine the following:
What is the depreciation expense per unit of production using the units-of-production depreciation?
What is the total depreciation expense at December 31, 2016, using units-of-production depreciation?
What is depreciation expense for the equipment at the end of 2016 using double-declining balance depreciation?
What is depreciation expense for the equipment at the end of 2018 using double-declining balance depreciation?
Assume Fleet Sports depreciated the manufacturing equipment using the straight-line method. Prepare a depreciation table as discussed in course lecture, with column headings of Year, Depreciation Expense, Accumulated Depreciation, and Book Value.
In: Accounting