Question 1

As the government pays for an increasing portion of medical care expenses for citizens in the United States

Accepted Answer

As the government pays for a larger share of medical care expenses, it gains more bargaining power with healthcare providers. This increased bargaining power allows the government to negotiate lower prices for medical care services, effectively creating a monopsony. Therefore, as the government's monopsony power grows, citizens will generally pay lower prices for medical care.

Question 2

The ________ structure within the healthcare industry contributes to escalating costs.

Accepted Answer

The answer of The ________ structure within the healthcare industry...

Question 3

How does health insurance distort what is otherwise a normal consumer transaction?

Accepted Answer

When an individual has health insurance, they are not primarily responsible for payment of healthcare services. This can create a situation where the consumer is less concerned about price and may be more likely to choose more expensive options or unnecessary treatments, as the cost is not directly impacting them. This can lead to higher overall healthcare costs for both the individual and the healthcare industry as a whole.

Question 4

Computerized medical records have promoted ________ in recent years,while industry costs are ________.

Accepted Answer

Computerized medical records have indeed promoted greater efficiency in managing and accessing patient information. However, despite the efficiencies gained, industry costs have continued to rise due to factors like technology investments, regulatory compliance, and cybersecurity measures.

Question 5

In terms of the supply curve,the consequence of allowing people to sell their body organs is that the supply

Accepted Answer

Allowing people to sell their body organs would increase the number of suppliers in the market, making the supply of organs more elastic. This is because there would be more flexibility for individuals to decide whether or not to sell their organs at various prices. Therefore, the supply curve would shift to the right, indicating an increase in quantity supplied at any given price.

Question 6

The societal trade-off in health care usually means that

Accepted Answer

The societal trade-off in health care often involves balancing the desire for individuals to live longer and healthier lives with the cost of providing healthcare services. This is especially true for senior citizens who often require more extensive and expensive treatments as they age. Therefore, while people may want to live longer, the cost of providing healthcare to the elderly can be a significant societal trade-off. Option A refers to a specific type of health insurance policy and is not a general principle of healthcare. Option B and E are not accurate statements. Option D is also not a general principle of healthcare, as the type of cancer treatments and their impact on short-term and long-term outcomes can vary widely.

Question 7

The U.S.healthcare debate is a polarized one,often limited to the merits of a privatized versus a universal system.In reality,however,solutions involve many complex

Accepted Answer

The sentence mentions "trade-offs," which suggests that there are pros and cons to different solutions. This indicates that the issue is not a simple binary choice between privatized and universal healthcare, but rather a more nuanced debate that involves multiple factors and interests. As such, the best choice is "trade-offs."

Question 8

After many years of medical training,Quinn has become a medical doctor in Canada.Quinn would expect

Accepted Answer

The answer of After many years of medical training,Quinn has...

Question 9

Major advances in technology and medicine since 1950 have created a trade-off between ________ and ________.

Accepted Answer

Major advances in technology and medicine since 1950 have increased life expectancy, but the cost of healthcare has also risen. There is a trade-off between access to advanced medical treatments and the financial burden of paying for them, which can limit overall health and well-being.

Question 10

Since many medical procedures involve lifesaving treatment,demand can best be described as

Accepted Answer

The demand for lifesaving medical procedures is likely to be very inelastic because people will be willing to pay whatever price necessary to save their lives or the lives of their loved ones. This means that even if prices increase, demand is unlikely to significantly decrease because the need for treatment is urgent and necessary.

Question 11

When comparing the healthcare system in France with that in the United States,one of the key differences is that

Accepted Answer

In France, the government pays for most medical care, but private health insurance is also held by nearly all citizens to cover the remainder of needed medical care. This allows for lower overall healthcare costs compared to the United States, where the lack of government involvement and high healthcare costs make it difficult for many Americans to afford healthcare.

Question 12

At the start of the twentieth century,life expectancy in the United States was

Accepted Answer

At the start of the twentieth century, life expectancy in the United States was indeed slightly less than 50 years, primarily due to higher rates of infant mortality and diseases that are now more controllable or curable with modern medicine and public health measures.

Question 13

More important than total expenditure is the ________ delivery of health care.

Accepted Answer

The question is asking for the most important factor in health care delivery, and efficiency is the best choice. While total expenditure is certainly a factor, if the delivery of health care is not efficient, then the expenditures will not be effective in improving health outcomes. Unregulated and unrationed delivery of health care can lead to inefficiencies and inequities in access. Diminishing delivery of health care is not desirable, and asymmetric is not a relevant term in this context.

Question 14

Which of the following statements is true?

Accepted Answer

Diminishing returns in healthcare cannot be solely attributed to healthcare expenditures, as other factors such as demographics, lifestyle, and socioeconomic status also play a significant role.

Question 15

In the United States,it is against the law to buy or sell body organs.The consequence of this regulation is that the supply

Accepted Answer

The supply of organs becomes completely inelastic because the prohibition on buying or selling organs means that the quantity of organs supplied does not respond to changes in price; it is determined by other factors such as voluntary donations.

Question 16

Treatments with a high cost-to-benefit ratio,like heroic efforts to extend life,would ________ if consumers had greater out-of-pocket expenses.

Accepted Answer

If consumers had greater out-of-pocket expenses, they would be less willing to pay for expensive treatments with a low cost-to-benefit ratio. As a result, these treatments would decrease in demand and become less profitable for healthcare providers.

Question 17

Diminishing returns to healthcare spending indicates that greater efficiency can be achieved by

Accepted Answer

Diminishing returns to healthcare spending suggest that reallocating funds from areas that have declining returns to areas with substantial production potential can lead to greater efficiency and improved outcomes. In other words, investing more in areas that have the potential to produce significant benefits can result in better healthcare outcomes at a lower overall cost. This approach can help to ensure that healthcare spending is directed towards areas that provide the greatest benefit to patients and the healthcare system as a whole.

Question 18

The two biggest consumers of medical care are ________ and ________.

Accepted Answer

The answer of The two biggest consumers of medical care...

Question 19

Marion fell out of a tree while bird-watching outside her home in Dijon,France.The bill from the hospital for putting a cast on her broken arm is estimated to be €2,000.This price for medical care was determined

Accepted Answer

In France, the government plays a significant monopsonist role in the healthcare system, using its purchasing power to control costs, which influences the price of medical services like the one Marion received.

Question 20

After many years of medical training,Belinda has become a medical doctor in France.Which of the following statements is true?

Accepted Answer

France has a nationalized healthcare system in which the government controls costs, so doctors, including Belinda, would expect to earn a lower salary than if she was a doctor in the United States where healthcare is primarily private.

Quiz 18: Health Insurance and Health Care