Questions:
Question 1
The dominant factor affecting medical care delivery and finance in the 1960s was
Question 2
Premiums based on experience ratings
Question 3
Approximately what percentage of total health care spending goes toward hospital care?
Question 4
Many say that one of the main reasons the British National Health System works in terms of good health outcomes for its population is because
Question 5
One of the most serious weaknesses in the Medicare system is that
Question 6
The diagram below depicts a perfectly competitive market. P1 represents the equilibrium price and P2 a price ceiling set by law. Which of the following statements is true?
Question 7
Falling hospital admissions and shorter length of hospital stays beginning in the mid 1980s may be attributable to
Question 8
A fee schedule based on diagnosis-related groups potentially sets up an incentive to
Question 9
The most significant expansion of Medicaid since its inception in 1997 was enacted to cover eligible children and it is referred to as
Question 10
Physicians who accept assignment on their Medicare patients
Question 11
Medicare and Medicaid were enacted by the Johnson administration in 1965 as amendments to which federal law already in existence?
Question 12
The most important source of funding for Medicare is
Question 13
The amount that a hospital will be paid for treating a Medicare patient is determined
Question 14
Possibly, the most serious flaw in the Medicare system is the fact that
Question 15
Empirical studies show that most of the cost-savings provided by managed care are accomplished via
Question 16
The health maintenance organization where the physicians are salaried employees of the HMO is
Called
Question 17
The most important aspect of the 1983 changes to Medicare that introduced diagnosis-related groups (DRGs) was
Question 18
Empirical research indicates that the expansion of Medicaid has led to a number of unintended consequences including
Question 19
The RAND Health Insurance Study was set up to examine the effect of economic incentives on medical care demand. Utilization was tracked for people who had various forms of insurance (e.g. fee-for-service, low copays, coinsurance rates). What were the major findings of this study?
Question 20
Discuss the opportunity cost of health care in terms of education. Why do you suppose taxpayers are willing to invest in an inefficient health care system, but unwilling to invest in an under-funded education system? Think in terms of time preferences.
Question 21
Why is there a shortage of OB/GYN physicians in the U.S.?
Question 22
Define monopsony? What is likely to happen to equilibrium price if there is a government monopsony in the medical marketplace?
Question 23
What would you say are the most important components of the Health Care Reform Bill (Patient Protection and Affordable Care Act)? You can choose any three aspects of the bill, but state why you think they are particularly important and integrate concepts we have learned in class.