Podcast
Questions and Answers
Uncertainty regarding the effectiveness of a specific health service for a
particular individual:
Uncertainty regarding the effectiveness of a specific health service for a particular individual:
- is an important reason why demand for health care is a derived demand
- is an important reason why people demand health insurance
- is an important reason why physicians are supposed to act as perfect agents for their patients
- is an important reason why patients have difficulty assessing quality of care (correct)
Informational asymmetry in the market for health care services refers to:
Informational asymmetry in the market for health care services refers to:
- the fact that a health care provider has more knowledge than does the patient regarding what care will be effective in correcting the patient’s health problem (correct)
- the inherent uncertainty associated with the effectiveness of health care services
- the fact that those without insurance pay more for health care than do those with insurance
- the fact that patients often do not know the wait times to get a service from different physicians
The Rand Health Insurance Experiment found that the consumption of physician visits did respond negatively to cost-sharing while the expected total cost of visits did not. This would be consistent with the phenomenon of:
The Rand Health Insurance Experiment found that the consumption of physician visits did respond negatively to cost-sharing while the expected total cost of visits did not. This would be consistent with the phenomenon of:
- Adverse selection
- Cost-shifting
- Cream-skimming
- Supplier-induced demand (correct)
The demand for hospital care is generally:
The demand for hospital care is generally:
The effectiveness of pooling financial risk through insurance:
The effectiveness of pooling financial risk through insurance:
Which of the following is true about adverse selection?
Which of the following is true about adverse selection?
Because of informational asymmetries in health care insurance markets:
Because of informational asymmetries in health care insurance markets:
For two individuals who have identical probabilities of being ill and identical monetary losses associated with being ill, but who have differing risk preferences:
For two individuals who have identical probabilities of being ill and identical monetary losses associated with being ill, but who have differing risk preferences:
Which of the following finance schemes implies vertical inequity in financing health care?
Which of the following finance schemes implies vertical inequity in financing health care?
If a doctor is a perfect agent for her patients, she will always provide care that is expected to improve a patient's health.
If a doctor is a perfect agent for her patients, she will always provide care that is expected to improve a patient's health.
Risk aversion is a necessary condition for insurance to be welfare improving to
an individual.
Risk aversion is a necessary condition for insurance to be welfare improving to an individual.
The fact that some people cannot afford insurance constitutes an important market
failure.
The fact that some people cannot afford insurance constitutes an important market failure.
Flashcards
Capital of France (example flashcard)
Capital of France (example flashcard)
Paris
