How much money should spend to purchase health insurance

Reference no: EM13187953

The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government health program for the poor. Let's say the program costs $7,000 per recipient family.

a. If the government gave each recipient family a $7,000 check instead of enrolling them in the Medicaid program, do you think that most of these families would spend that money to purchase health insurance? Why? (Recall that the poverty level for a family of four is about $20,000.)

b. How does your answer to part (a) affect your view about whether we should determine the poverty rate by valuing in-kind transfers at the price the government pays for them? Explain.

c. How does your answer to part (a) affect your view about whether we should provide assistance to the poor in the form of cas transfers or in-kind transfers? Explain.

Reference no: EM13187953

Questions Cloud

Neoclassicism-impressionism and abstract expressionism : compares and contrasts Neoclassicism, Impressionism, and Abstract Expressionism. How each style reflects its era and the culture. Discussion of painting techniques. Formal elements

Estimate of the total distance the student car traveled : What is your best estimate of the total distance the student's car traveled before coming to rest (note that the best estimate is probably not the over or under estimate that you can most easily find)?

State equation of the dissolution reaction : Write an equation of the dissolution reaction for each of the precipitates that was soluble in CH3COOH. Al2(SO4)3+NaOH

Find the names of employees with the highest salary : Find all department(s) with at least two employees of different names and find the department(s) with the most people and find the names of employee(s) with the highest salary.

How much money should spend to purchase health insurance : The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government health program for the poor. Let's say the program costs $7,000 per recipi..

How far has each car traveled : Two cars leave an intersection at the same time, one traveling north and the other traveling east. Some time later, they are 20 miles apart, and the car going east has traveled 4 miles further than the other car.

Will the temperature of the gas increase or decrease : Two separate measurements are to be performed on a gas enclosed in a pistion and cylinder device. In the first measurement the device is well insulated so there is no flow of heat to or from the gas, and the piston is slowly moved inward compressing ..

State when dmpt is treated with base : When DMPT is treated with base, and then added to a solution of [PtCl2(K^2- dppe)], compound A forms and has the formula [PtCl(DMPT)(K^2- dppe)].

How many robots should the firm rent : In what kind of market structure does the firm sell its output How can you tell b. In what kind of market structure does the firm rent robots? How can you tell c. Calculate the marginal product and the value of the marginal product for each additiona..

User Account

All Pages