Ashworth HEALTHCARE 360 - The Hawaii’s Keiki (Child) Care

Ashworth HEALTHCARE 360 - The Hawaii’s Keiki (Child) Care

Question # 00390232 Posted By: dr.tony Updated on: 09/19/2016 10:28 AM Due on: 09/19/2016
Subject Economics Topic General Economics Tutorials:
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Part 1 of 2 -35.0/ 100.0 Points

Question 1 of 400.0/ 5.0 Points
The Hawaii’s Keiki (Child) Care insurance program was halted because:
A. the program apparently crowded out other insurance coverage.
B. the program turned out a large and lucrative revenue flow.
C. there was extensive fraud in the program.
D. there were not personnel available to run the program.


Question 2 of 400.0/ 5.0 Points


Refer to the figure above. Under monopolistic pricing the hospital will produce __________ where __________.

A.

Q1; marginal revenue equals marginal cost

B.

Q1; marginal revenue equals average cost

C.

Q2; prospective cost equals demand price

D.

Q3; demand is satisfied



Question 3 of 405.0/ 5.0 Points
Among social insurance programs in the United States, Medicare refers most often to the __________ and Medicaid to the __________.
A. elderly; poor
B. poor; elderly
C. disabled; homeless
D. disabled; elderly


Question 4 of 405.0/ 5.0 Points
In 2010 and 2011, some states scaled back their Medicaid programs, or considered withdrawing, because:
A. they found widespread fraud in the programs.
B. physicians were refusing Medicaid clients.
C. they found nursing home payments to be onerous.
D. budget troubles made it difficult for them to pay their match.


Question 5 of 400.0/ 5.0 Points
Within the past 20 years Medicaid has increasingly become the source of payment for: ?
A. pharmaceuticals.
B. the elderly.
C. long-term nursing home care.
D. industry regulators.


Question 6 of 400.0/ 5.0 Points
Analysts expect the total number of Medicare beneficiaries to rise between the years 2010 and 2040, by approximately __________ million people.
A. 14
B. 21
C. 37
D. 40


Question 7 of 405.0/ 5.0 Points
Medicare Part D provides improved coverage focusing on:
A. nursing home care.
B. pharmaceutical expenditures.
C. chronic illness.
D. managed care.


Question 8 of 405.0/ 5.0 Points


Suppose, in the figure above that the rate regulator imposes price I. In response, the monopolist will:

A. lower price and increase quantity, leading to increased consumer surplus.
B. increase price and decrease quantity, leading to decreased consumer surplus.
C. keep quantity the same and accept reduced profits.
D. cease producing the good.


Question 9 of 405.0/ 5.0 Points
Medicaid is particularly attractive to the states because:
A. it provides additional funds for the purchase of services for the poor.
B. it effectively raises the price per unit of medical care to the poor.
C. it increases the size of state governments.
D. the federal government pays for and provides specific guidelines as to how the money is allocated.


Question 10 of 400.0/ 5.0 Points
In evaluating mergers, regulators must often evaluate the trade-off between __________ and __________. ?
A. economies of scale; monopoly power
B. economies of scope; monopolistic competition
C. technological change; market competition
D. economies of scale; economies of scope


Question 11 of 400.0/ 5.0 Points


Referring to the figure above, increased insurance coverage (more recipients and more generous coinsurance) leads to a shift from __________ in health expenditures.

A. point A to point B and a decrease
B. point A to point B and an increase
C. point B to point C and an increase
D. point A to point C, and a decrease


Question 12 of 405.0/ 5.0 Points
Analysts believe that Medicare’s share of GDP will rise because:
A. of increased numbers of beneficiaries.
B. of decreased costs per beneficiary.
C. of fraud in the Medicare system.
D. Medicaid is being phased out.


Question 13 of 405.0/ 5.0 Points
The Medicare Part D “doughnut hole” means that: ?
A. diet plans are not covered.
B. at a specified level of expenditures, the consumers’ incremental share jumps to near 100 percent.
C. the costs will put the system in financial jeopardy.
D. patients who do not maintain a healthy weight will be responsible for copayments.


Question 14 of 400.0/ 5.0 Points
Under Shleifer’s yardstick pricing scheme:
A. hospitals achieve a Nash equilibrium because their own costs do not enter the optimization process.
B. hospitals will only participate if they will not lose profits.
C. the hospitals have an incentive to overstate their costs.
D. hospitals receive a qualitative equilibrium related to their costs.


Question 15 of 400.0/ 5.0 Points
Analysts believe that in the economic downturn of 2000-2003:
A. the number of uninsured did not change much because people bought more private insurance.
B. the number of uninsured did not rise much because employers provided more health insurance.
C. Medicaid take-up provided insurance for many who would have otherwise gone without insurance.
D. many households voluntarily reduced their health insurance.


Question 16 of 400.0/ 5.0 Points
From 1985 to 1996 which of the following had the biggest impact on decreasing cost per hospital discharge?
A. Decreasing services per day
B. Decreasing days per discharge
C. Decreasing costs per service
D. Decreasing services per day and decreasing costs per service


Question 17 of 400.0/ 5.0 Points
Suppose there are five hospitals in a county and two of the five seek to merge into a single hospital. A valid reason to oppose this merger on anti-trust grounds might be that:
A. the two hospitals are the only ones in the county that provide inpatient psychiatric care, and such a merger would reduce competition.
B. reduced hospital staffing would harm the local economy.
C. the average distance of a trip to a hospital will increase from 4 miles to 5 miles.
D. the Elzinga-Hogarty criteria would term such a merger as anti-competitive.


Question 18 of 400.0/ 5.0 Points
The Sustainable Growth Rate system has sought to limit Medicare physician reimbursement. It has:
A. succeeded and physician payments are now at sustainable levels.
B. succeeded because physicians have been providing higher volumes of services per beneficiary.
C. not succeeded because physicians have been providing more intensive services per beneficiary.
D. not succeeded because physician services do not affect Medicare reimbursements.


Question 19 of 400.0/ 5.0 Points
Certificate-of-need legislation addressed hospital costs by attempting to limit:
A. capital expenditures.
B. labor expenditures.
C. acquisition of land for hospitals.
D. substitution of services for capital.


Question 20 of 400.0/ 5.0 Points
Davis and Reynolds found that public assistance related to Medicare and Medicaid __________ health care utilization for recipients relative to those who did not receive public assistance.
A. increased
B. decreased
C. had no impact on
D. accelerated


Part 2 of 2 -25.0/ 100.0 Points

Question 21 of 405.0/ 5.0 Points

If we define the health expenditure share s of the GDP as:

s = PQ/Y,

where P is the price of health care, Q is the quantity, and Y is GDP, then if Y increases by 10% and Q increases by 8%, then: ?

A.

share s will rise by 8%.

B.

share s will fall.

C.

share s will rise by 10%.

D.

there will be no change in share s.



Question 22 of 405.0/ 5.0 Points


In the figure above, if the administered price P* in the NHS were to be raised we might expect:

A. price in the private market to rise.
B. price in the public market to fall.
C. excess demand in the NHS sector to fall.
D. excess demand in the public sector to fall.


Question 23 of 400.0/ 5.0 Points


In the figure above, a monopolistic firm in the product market will initially optimize at point __________ and charge price __________.

A.

E; P2

B.

B; P3

C.

C; P1

D.

E; P4



Question 24 of 400.0/ 5.0 Points
Gordon developed a typology of health care systems. They include traditional sickness insurance, national health insurance, __________, and __________.
A. national health services; mixed systems
B. socialized health insurance; private systems
C. Medicare; Medicaid
D. entitlements; means-tested programs


Question 25 of 400.0/ 5.0 Points


In the figure above, starting at point A, if health reform moves the economy to point __________ it __________ efficiency?

A.

J; increases

B.

B'; increases

C.

B; increases

D.

D; decreases



Question 26 of 400.0/ 5.0 Points


Consider the figure above. Which of the following points constitute inefficient allocations of the economy’s resources? ?

A.

A

B.

B'

C.

D

D.

E



Question 27 of 400.0/ 5.0 Points
Total expenditure for universal health insurance would __________ the true cost because __________.
A. overstate; the uninsured are already receiving uncompensated care
B. understate; employers would lose money
C. precisely estimate; we have good estimates of health care costs
D. understate; insurers could not offer this coverage without a subsidy


Question 28 of 400.0/ 5.0 Points
Critics of the U.S. health care system argue that the Canadian single-payer system has lower administrative costs. Estimates of the potential cost savings from a Canadian system range from: ?
A. zero – it would provide no savings.
B. $28 to 45 per person.
C. $489 to $752 per person.
D. $1,085 to $1,511 per person.


Question 29 of 405.0/ 5.0 Points


In the figure above, an increase in demand in the NHS system will:

A. increase the administered price.
B. increase excess demand in the NHS market.
C. increase demand in the private market.
D. increase demand in the public market.


Question 30 of 405.0/ 5.0 Points
Pay for performance (P4P) plans:
A. have proven successful in reducing health expenditures.
B. require detailed performance measures to be successful.
C. have improved the Canadian health care system.
D. will always increase health care quality.


Question 31 of 400.0/ 5.0 Points
Many of the more industrialized countries have sought to reform their health care systems by introducing elements of:
A. rationing.
B. price controls.
C. government service provision.
D. market mechanisms.


Question 32 of 400.0/ 5.0 Points
Suppose a worker earns $15 per hour plus health benefits worth $2 per hour. If the employer withdraws the benefits and offers the worker $16 per hour the worker will be:
A. better off because $16 is more than $15.
B. as well off because he or she is earning more than before.
C. worse off because previously he or she was earning $17 including the benefit, but is now only earning $16.
D. better off because previously he or she was earning $16 including the benefit, but is now earning $17.


Question 33 of 400.0/ 5.0 Points
The Chinese health care system has changed since the 1970s from a:
A. centralized command system to a more privatized system with smaller subsidies.
B. centralized command system to a national health care system.
C. national health insurance system to a national health care system.
D. “mixed” health care system to a centralized command system.


Question 34 of 400.0/ 5.0 Points
In monopsonistic health care systems, expenditures are lower because:
A. providers give lower quality care.
B. providers are paid below-market wages.
C. system administrators extract economic rents from the health care providers.
D. system administrators extract economic rents from the patients directly through payments.


Question 35 of 400.0/ 5.0 Points
Mello and colleagues examined the claim that the malpractice liability system leads to unneeded care and extra expenses. They find that __________ and suggest that __________.
A. the costs constitute about 14 percent of all health care expenses; great savings could accrue in reforming the system
B. there are no additional costs; the system need not be changed
C. the costs constitute about 4.8 percent of all health care expenses; a Canadian-type system would provide improvements
D. the costs constitute about 2.4 percent of all health care expenses; some benefits in terms of improved care may offset the increased costs


Question 36 of 400.0/ 5.0 Points
Under the Patient Protection and Affordable Care Act: ?
A. all U.S. residents will receive health insurance by 2018.
B. all U.S. citizens will receive health insurance by 2018.
C. approximately 32 million of the 50 million uninsured in 2010-2011 will receive health insurance by 2018.
D. the U.S. government will provide health care to all citizens by 2018.


Question 37 of 400.0/ 5.0 Points
In monopolistic health care systems, expenditures are higher because providers:
A. give higher quality care.
B. extract monopoly rents from the payers.
C. offer too many services.
D. increase their quantity of services and give higher quality care.


Question 38 of 400.0/ 5.0 Points

In the figure above, loosening supplier regulations and managing demand could move an equilibrium from point __________ to point __________.

A. E; B
B. C; A
C. A; B
D. A; B


Question 39 of 400.0/ 5.0 Points


In the figure above, starting at point A, a move to point B'' increases:

A. efficiency only if financed by taxes.
B. efficiency only if paid for by employers.
C. efficiency only if accompanied by technological change.
D. efficiency.


Question 40 of 405.0/ 5.0 Points
In the United States, employer-provided health insurance distorts the choice between health care and other items because: ?
A. health insurance may lead to over-consumption of health care due to moral hazard.
B. employer contributions are tax exempt, thus reducing the price of insurance relative to other goods.
C. employer contributions are taxed, thus increasing the price of insurance relative to other goods.
D. workers believe that the health insurance is free.
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