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Questions and Answers
Health expenditures as a percentage of GDP have been on the rise in Canada since the 1960s. Which of the following statements is not a valid reason explaining the increases in past years?
Health expenditures as a percentage of GDP have been on the rise in Canada since the 1960s. Which of the following statements is not a valid reason explaining the increases in past years?
- People may be purchasing higher quality health care over time
- The relative price of health care may have risen
- People may be buying more health services
- The population size may be increasing (correct)
Which of the following ideas/topics cannot be used to explain the following statement: “Many people pass up free health care because the wait times and travel costs are too high”?
Which of the following ideas/topics cannot be used to explain the following statement: “Many people pass up free health care because the wait times and travel costs are too high”?
- Opportunity cost
- Marginal analysis
- Health care financing (correct)
- Rational decision making
Which of the following is not a valid example of how health care is different from most other economic goods?
Which of the following is not a valid example of how health care is different from most other economic goods?
- Prices do not influence demand (correct)
- Large presence of non-profit firms
- Presence and extent of uncertainty
- Role of equity and need
Which of the following is not a criterion of the Canada Health Act:
Which of the following is not a criterion of the Canada Health Act:
The criterion of "portability" under the Canada Health Act refers to the fact that the provincial health insurance plan must cover non-residents who are visiting the province.
The criterion of "portability" under the Canada Health Act refers to the fact that the provincial health insurance plan must cover non-residents who are visiting the province.
In the view of economists "health" and "health care" are two different things.
In the view of economists "health" and "health care" are two different things.
The decision of a patient to take 8 pills for treatment because the average benefit per pill is greater than the average cost per pill is an example of a consumer using marginal decision making.
The decision of a patient to take 8 pills for treatment because the average benefit per pill is greater than the average cost per pill is an example of a consumer using marginal decision making.
The topic of health care funding deals with the various ways that revenues can be raised to pay for health care provision.
The topic of health care funding deals with the various ways that revenues can be raised to pay for health care provision.
In topic 1 we discussed how some countries (such as Japan) have devoted their health care system to providing significantly more acute short term hospital beds than most other OECD countries. This is likely due to the way that these countries (such as Japan) finance their health care differently from other OECD countries.
In topic 1 we discussed how some countries (such as Japan) have devoted their health care system to providing significantly more acute short term hospital beds than most other OECD countries. This is likely due to the way that these countries (such as Japan) finance their health care differently from other OECD countries.
Flashcards
Health Expenditures
Health Expenditures
The total costs associated with health care services as a percentage of GDP.
Population Size and Health Care
Population Size and Health Care
An increase in population size can lead to higher health care expenditure.
Quality Health Care
Quality Health Care
Consumers might choose higher quality health care, impacting expenditures.
Health Services Demand
Health Services Demand
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Opportunity Cost
Opportunity Cost
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Rational Decision Making
Rational Decision Making
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Health Care Financing
Health Care Financing
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Marginal Analysis
Marginal Analysis
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Canada Health Act
Canada Health Act
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Portability in Health Care
Portability in Health Care
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Health vs. Health Care
Health vs. Health Care
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Consumer Decision Making
Consumer Decision Making
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Health Care Funding
Health Care Funding
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OECD Health Care Systems
OECD Health Care Systems
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Acute Short Term Hospital Beds
Acute Short Term Hospital Beds
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Trade-off in Health Care
Trade-off in Health Care
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Non-profit Firms in Health Care
Non-profit Firms in Health Care
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Demand for Health Care
Demand for Health Care
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Health Care Accessibility
Health Care Accessibility
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Health Care Comprehensiveness
Health Care Comprehensiveness
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Health Care Role of Equity
Health Care Role of Equity
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Negative Impacts of Health Care
Negative Impacts of Health Care
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Utilization of Health Care Services
Utilization of Health Care Services
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Revenue Generation for Health Care
Revenue Generation for Health Care
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Benefits of Health Care
Benefits of Health Care
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Economic Goods vs. Health Care
Economic Goods vs. Health Care
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Trends in Canadian Health Expenditures
Trends in Canadian Health Expenditures
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Factors Influencing Health Care Decisions
Factors Influencing Health Care Decisions
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Study Notes
Health Economics and Canadian Healthcare System
- Health expenditures in Canada have risen since the 1960s.
- Several factors can explain this, including rising prices of health care, population growth, and increasing demand for higher quality services by patients.
- Opportunity cost, rational decision making, and health care financing can explain why some individuals forgo free health care amidst extended wait times and high-travel costs.
- Health care differs from other goods due to factors like prices not always dictating demand, a significant presence of non-profit organizations, presence of uncertainty in healthcare decisions, and the prioritization of equity and need.
- Portability, accessibility, comprehensiveness, and cost-effectiveness are criteria of the Canada Health Act.
- Economists distinguish between "health" and "health care". "Health" refers to overall well-being (ranging from good to poor), whereas, "health care" is the service to improve health.
- Health care funding encompasses various revenue streams, including taxes and insurance premiums.
- Some nations, like Japan, prioritize funding for acute care hospital beds rather than other services. This strategy is due to their funding and delivery models rather than financing strategies for healthcare.
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Description
Explore the intricate dynamics of health expenditures in Canada and the various factors influencing their rise since the 1960s. This quiz delves into concepts like opportunity cost, rational decision making, and the unique characteristics of healthcare as a commodity within the Canadian context. Test your understanding of key criteria from the Canada Health Act and the distinction between health and health care.
