Question 1

In 2016,the LARGEST share of health care costs was paid for by:

Accepted Answer

In 2016, the largest share of healthcare costs in the United States was paid by the government, which includes both federal and state spending on programs like Medicare and Medicaid.

Question 2

Health care expenditures in the United States are _____ than in other countries such as Canada and France,and the government share of health care spending in the United States is _____ than in those countries.

Accepted Answer

The first part of the statement is true as health care expenditures in the United States are higher than in other countries such as Canada and France. The second part of the statement is also true as the government share of health care spending in the United States is lower than in those countries.

Question 3

Employment-based insurance:

Accepted Answer

Employment-based insurance is provided by companies to their employees as part of their employee benefits package. This type of insurance is a common way for individuals to receive health insurance coverage in the United States.

Question 4

The adverse selection death spiral occurs when private insurance companies:

Accepted Answer

The adverse selection death spiral occurs when private insurance companies charge higher-than-average prices for health insurance because only sick people want it. This drives off healthy individuals and leaves only sicker, high-cost individuals which results in yet higher premiums the following period. This cycle continues and the insurance pool becomes sicker and more expensive to insure, leading to the eventual collapse of the insurance market.

Question 5

Canadian health care is provided to:

Accepted Answer

Canadian health care is provided to all Canadians and is not means-tested. It is financed through taxes and is considered a universal health care system.

Quiz 18: The Economics of the Welfare State

In 2016,the LARGEST share of health care costs was paid for by:

Health care expenditures in the United States are _ than in other countries such as Canada and France,and the government share of health care spending in the United States is _ than in those countries.

Employment-based insurance:

The adverse selection death spiral occurs when private insurance companies:

Canadian health care is provided to: