What are the three main sources of health insurance in the United States?

Upload Assignment: Unit 7 DQ1: Health and Health Insurance

(version A)
1) How can changes over time of the average height of the

Don't use plagiarized sources. Get Your Custom Assignment on
What are the three main sources of health insurance in the United States?
From as Little as $13/Page

people in a country help to indicate the standard of living in a country?
2) What are the three main sources of health insurance in

the United States?
3) Suppose a large firm allows its employees to choose

whether to participate in its health insurance plan. The firm is trying to

decide between two plans: Plan I has a low monthly premium but a high

deductible, and Plan II has a high monthly premium but a low deductible. Under

which plan is adverse selection likely to be a bigger problem, and why?
Unit 7 DQ2: Health Care Costs, Benefits, and Efficiencies

(version A)
1) The figure above represents the market for vaccinations.

Vaccinations are considered a benefit to society, and the figure shows both the

marginal private benefit and the marginal social benefit from vaccinations.
a) Which curve

represents marginal private benefit?

b) Which curve

represents marginal social benefit?

c) What is the

market equilibrium price?

d) What is the

market equilibrium quantity of vaccinations?

e) What is the

efficient equilibrium price?

f) What is the efficient equilibrium quantity of

vaccinations?

g) Would economic

efficiency be improved in this scenario if more people were vaccinated?
2) The figure above represents the market for medical

services with and without insurance, and the effect of a third-party payer

system on the demand for medical services.
a) If consumers paid

the full price of medical services, what is the price they would pay ?

b) If consumers paid

the full price of medical services, what would the equilibrium quantity be?

c) With insurance

and a third-party payer system, what price do doctors receive for medical

services?

d) With insurance

and a third-party payer system, what price do consumers pay for medical

services?

e) With insurance

and a third-party payer system, what is the equilibrium quantity of medical

services?

f) What is the

efficient price of medical services?

g) What is the

efficient quantity of medical services?

h) In this scenario,

do insurance and the third-party payer system improve economic efficiency?
3) One reason why employees prefer for their employer to pay

for their health insurance rather than receive increased wages and pay for

their own health insurance is that wages are taxable income to the employees

but the money the employer spends to buy health insurance for the employees is

not taxable. What is the other main reason why employees prefer to have the

employer pay for their health insurance?

Upload Assignment: Unit 7 DQ1: Health and Health Insurance

(version A)1) How can changes over time of the average height of the

people in a country help to indicate the standard of living in a country? 2) What are the three main sources of health insurance in

the United States? 3) Suppose a large firm allows its employees to choose

whether to participate in its health insurance plan. The firm is trying to

decide between two plans: Plan I has a low monthly premium but a high

deductible, and Plan II has a high monthly premium but a low deductible. Under

which plan is adverse selection likely to be a bigger problem, and why?Unit 7 DQ2: Health Care Costs, Benefits, and Efficiencies

(version A) 1) The figure above represents the market for vaccinations.

Vaccinations are considered a benefit to society, and the figure shows both the

marginal private benefit and the marginal social benefit from vaccinations. a) Which curve

represents marginal private benefit? b) Which curve

represents marginal social benefit? c) What is the

market equilibrium price? d) What is the

market equilibrium quantity of vaccinations? e) What is the

efficient equilibrium price? f) What is the efficient equilibrium quantity of

vaccinations? g) Would economic

efficiency be improved in this scenario if more people were vaccinated? 2) The figure above represents the market for medical

services with and without insurance, and the effect of a third-party payer

system on the demand for medical services. a) If consumers paid

the full price of medical services, what is the price they would pay ? b) If consumers paid

the full price of medical services, what would the equilibrium quantity be? c) With insurance

and a third-party payer system, what price do doctors receive for medical

services? d) With insurance

and a third-party payer system, what price do consumers pay for medical

services? e) With insurance

and a third-party payer system, what is the equilibrium quantity of medical

services? f) What is the

efficient price of medical services? g) What is the

efficient quantity of medical services? h) In this scenario,

do insurance and the third-party payer system improve economic efficiency?3) One reason why employees prefer for their employer to pay

for their health insurance rather than receive increased wages and pay for

their own health insurance is that wages are taxable income to the employees

but the money the employer spends to buy health insurance for the employees is

not taxable. What is the other main reason why employees prefer to have the

employer pay for their health insurance?

Leave a Comment

Your email address will not be published. Required fields are marked *