Question 1

The fundamental difference between the approach to the provision of health care in the United States and most other industrialized nations is that the United States is more market oriented and insurance coverage is less inclusive.

Accepted Answer

The U.S. health care system relies heavily on private insurance and market mechanisms, whereas most other industrialized nations have more government involvement and universal coverage.

Question 2

The market system relies more heavily on which of the following as a rationing device?

Accepted Answer

The market system relies more heavily on the price mechanism as a rationing device because it is the price mechanism that determines who gets what, how much, and when.

Question 3

Which of the following is an insurance program for families who have incomes that are too high to be considered for Medicaid but who cannot afford private insurance?

Accepted Answer

The Children's Health Insurance Program (CHIP) is designed for families with incomes too high for Medicaid but who cannot afford private insurance.

Question 4

Critiques of a healthcare system usually subject it to which of the following criteria?

Accepted Answer

The answer of Critiques of a healthcare system usually subject...

Question 5

It is widely believed that the social costs of health care for the uninsured are higher than for the insured, given that our society often does not refuse to provide health care to the sick, even if they cannot pay.

Accepted Answer

The uninsured often rely on emergency services, which are more expensive, and the costs are often absorbed by society through higher taxes and insurance premiums.

Question 6

Several economists have demonstrated which of the following is the largest contributor to rising healthcare costs?

Accepted Answer

Technological advances are often cited as the largest contributor to rising healthcare costs due to the high cost of developing and implementing new medical technologies and treatments.

Question 7

Which of the following provides an incentive for providers of care to offer more treatments because payment is dependent on the quantity rather than the quality of care?

Accepted Answer

The fee-for-service payment system incentivizes providers to offer more treatments because they are paid for each service or procedure performed, regardless of the outcome or quality of care.

Question 8

Monopolistically competitive markets have a few dominant firms and many small firms with little market power.

Accepted Answer

The answer of Monopolistically competitive markets have a few dominant...

Question 9

Health plans providing information about the costs of particular services are likely to be more helpful in decisions about_________________, where the decision to receive care is more discretionary.

Accepted Answer

The answer of Health plans providing information about the costs...

Question 10

Which of the following is defined as the process of selling the same product at different prices to different buyers based on some characteristic of the buyer's in order to maximize profits?

Accepted Answer

Price discrimination is the practice of selling the same product at different prices to different buyers based on certain characteristics, aiming to maximize profits.

Quiz 18: Public Policy and Health Economics