Question : 11) The aging of the U.S. population has tended to : 1245135

 

 

11) The aging of the U.S. population has tended to ________ spending on health care, and the development of new drugs and medical equipment has tended to ________ spending on health care.

A) increase; increase

B) increase; decrease

C) decrease; increase

D) decrease; decrease

 

12) In the United States, health care spending on people over age 65 is ________ on people aged 18 to 24.

A) one third as much as

B) twice as much as

C) six times greater than

D) forty times greater than

 

13) The number of people receiving Medicare is expected to ________ by the year 2030.

A) reach 5 million by

B) stabilize

C) decline by 10 percent

D) grow to 80 million

14) The Congressional Budget Office estimates that most of the increase in federal spending on Medicare and Medicaid will be due to

A) the aging population.

B) increases in the cost of providing health care.

C) increases in immigration.

D) declining income levels.

 

15) In the United States, consumers usually pay ________ than the true cost of medical treatment because of ________.

A) more; adverse selection

B) more; rising insurance premiums

C) less; third-party payers

D) less; rising insurance deductibles

 

16) Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor’s office

A) they demand a larger quantity of health care services than they would if they paid a price that better represented the true cost of providing the service.

B) they demand a smaller quantity of health care services than they would if they paid a price that better represented the true cost of providing the service.

C) the doctors supply a smaller quantity of health care services than they would if the consumer paid a price that better represented the true cost of providing the service.

D) the insurance companies provide a larger quantity of health care services than they would if the consumer paid a price that better represented the true cost of providing the service.

 

17) Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor’s office

A) employers have more incentive to allow employees time off for doctor visits.

B) doctors have less incentive to control their costs.

C) insurance companies have more incentive to approve medical procedures for their policy holders.

D) consumers have less incentive to visit the doctor’s office on a more frequent basis.

 

Figure 5-4

Figure 5-4 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.

 

18) Refer to Figure 5-4. If consumers paid the full price of medical services, the price they would pay is

A) $25.

B) $40.

C) $55.

D) >$55.

 

19) Refer to Figure 5-4. If consumers paid the full price of medical services, the equilibrium quantity would be

A) 200.

B) 500.

C) 700.

D) >700.

 

20) Refer to Figure 5-4. With insurance and a third-party payer system, what price do doctors receive for medical services?

A) $25

B) $40

C) $55

D) >$55

 

 

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