What caused escalation of healthcare costs and government

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Reference no: EM133388484

Question 1:

1. What caused the escalation of healthcare costs and government involvement in healthcare during the mid-1960s?

2. What type of standards do regulations seek to set?

3. What level of government regulates physicians and insurance companies?

4. What does the Food and Drug Administration do?

5. What percentage of healthcare practitioners and technical personnel have licenses?

6. How does government involvement provide a mechanism to discipline healthcare providers who fail to comply with professional standards?

7. How many people have Medicare or Medicaid coverage?

8. What does Medicare Part D cover?

9. What is the largest government-owned healthcare system, and who does it serve?

10. In your opinion, why does the United States spend relatively little on public health?

11. What percentage of research is funded by government?

12. What obligations do those who accept scholarships from the National Health Service Corps make?

Question 2:

1. Why is allocation of resources important to understanding healthcare economics?

2. What is a diminishing return? How does it impact healthcare?

3. Suppose that you have chosen to attend a university to obtain a degree. What is an example of an opportunity cost in this situation?

4. Why does quantity go up when demand for a product goes up?

5. Why is it bad to only have sick people in a health insurance risk pool?

6. What would happen to a health insurance risk pool if people with preexisting condi-tions were excluded?

7. Suppose that you catch a disease because your neighbor refused to get a vaccine that would prevent the spread of this disease. What is this called?

8. People generally consume a product until the _________ they receive equals the _________ they spend on the product.

9. What does it mean that healthcare is mostly an inelastic good?

Reference no: EM133388484

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