What is the effect of a deductible in the medical care

Reference no: EM131093811

Economics 236: Health Economics and Policy Group Assignment 2-

Problem Assignment:

The Rand Health Insurance Experiment was a large randomized control trial that was designed to study the effect of health insurance coverage on the demand for medical care. The following questions concern the findings of this experiment.

For each one of the questions you should be able to communicate to an audience all important relevant information in a well organized and concise way. Make sure that you are ready to present enough detail.

(1) What is the size of the elasticity of demand for medical care? How does it differ between hospital care and dental or well care?

(2) Did the study offer any other valuable conclusions regarding the demand for dental care?

(3) Are inpatient and outpatient care substitutes or complements?

(4) What is the effect of a deductible in the medical care consumption?

(5) What are the study's conclusions about the systematic factors like age and gender?

(6) What (if any) are the study's conclusions about the quality of medical care?

Reference no: EM131093811

Questions Cloud

Preferred american-branded hotels : Hotels.com would like to test the hypothesis that the proportion of American travelers in Europe that prefer an American-branded hotel equals 0.42. A random sample of 90 Americans found that 49 preferred American-branded hotels. Hotels.com would l..

How much consumers are willing to pay for health insurance : Economics 236: Health Economics and Policy Group Assignment 4. Write down mathematically, and explain how much consumers are willing to pay for health insurance

Generating new random numbers each time : Observations on Yare to be taken when X = 10, 20, 30, 40, and 50, respectively. The true regression function is E{Y) = 20 + l0X. The error terms are independent and normally distributed with

Develop a regression tree for predicting sales price : Refer to the Real estate sales data set in Appendix C.7 and Case Study 9.3 I. Select a random sample of 300 observations to use as the model-building data set

What is the effect of a deductible in the medical care : Economics 236: Health Economics and Policy Group Assignment 2. Are inpatient and outpatient care substitutes or complements? What is the effect of a deductible in the medical care consumption? What are the study's conclusions about the systematic fac..

Find the probability that in this 30-minute period : The probabilities that a service station will pump gas into 0, 1,2,3,4, or 5 or more cars during a certain 30-minute period are 0.03,0.18,0.24,0.28,0.10, and 0.17, respectively. Find the probability that in this 30-minute period, more than 2 cars ..

What changes the demand for medical care : The determinants of demand for medical care: What changes the demand for medical care? Be prepared to present a long list of determinants and explain in a graph how each one affects the demand

Shares of the first stock did michael purchase : Michael could have bought 6 more shares of the second stock for the same amount of money. How many shares of the first stock did michael purchase? How much did each share cost?

The performance of your regression tree model : Refer to the Prostate cancer data set in Appendix C.5 and Case-Study 9.30. Select a random sample of 65 observations to use as the model-building data set.

User Account

All Pages