The economics of health care

Assignment Help Accounting Basics
Reference no: EM13966938

The Economics of Health Care

The United States spends more per person on health care than any other country in the world. Still, recent studies show that the United States ranks rela- tively low in the overall quality of health care provided. France is often described as providing its citizens with the globe's best health care. Japan wins the distinction as having the world's healthiest people. Although good at expensive care, like open-heart surgery, the U.S. health- care delivery system is often described as poor for low-cost preventive care. Measuring how long people live in good health, and not just how long they live, the Japanese beat Americans by 4.5 years. Yet it is surprising that Japan spends just $1,750 per person on health care, and France spends $2,100. Both figures are far below the standard set in the United States, where health-care spending was a whopping $3,724 per person in 2001.

A. Why is health-care demand different from the demand for many other services?

B. Consumers buy health care to improve their health and well-being, but research suggests only a weak connection between health-care spending and health. Explain why there might be only a weak link between health-care expenditures and health.

C. Why is health-care spending rising rapidly on a worldwide basis? Is robust growth in health-care spending likely to continue?

Reference no: EM13966938

Questions Cloud

Negotiate a solution between these two stakeholders : If you had two stakeholders that were adamantly opposed to the solution you had identified, discuss how you might facilitate and negotiate a solution between these two stakeholders.
How effective you think they are for tylers success : What are some of the supports that have been put into place for Tyler's success in kindergarten? List at least 3 different supports and how effective you think they are for Tyler's success
What single time unit should be used in the time constraint : Weenies and Buns is a food processing plant that manufactures gourmet hot dogs and buns. They grind their own organic whole grain wheat flour at a maximum rate of 500 lbs/week in their stone grinder. How many wieners and how many buns should be made ..
Describe the nature of the modern human trafficking : Describe the nature of the modern human trafficking; give readers sufficient background and explanations so they are prepared to enter the world of your topic.
The economics of health care : The United States spends more per person on health care than any other country in the world. Still, recent studies show that the United States ranks rela- tively low in the overall quality of health care provided. France is often described as prov..
Determining the trade policy : Explain why progress toward a single European currency might be viewed as complementary to the increasing integration of the European market for goods and services.
Growth implications of the federal deficit : The amount of federal debt held by the pub- lic is the sum total of all previous deficits minus any surpluses. Federal debt held by the public equals the value of outstanding Treasury bills, notes, bonds, U.S. savings bonds, and other financial ob..
What drainage pattern occurs in this region : What drainage pattern occurs in this region? What do the erosional patterns of the channels indicate about the relative resistance of theridges and valleys?
Newspaper editer exhibiting several dark side traits : Rebekkah Brooks: The One-Time Queen of Fleet Street describes a particularly bad situation involving a newspaper editer exhibiting several “dark side” traits. What bright-side personality traits do you think contributed to Brooke's success? What dark..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd