suggest several reasons why health care spending is higher in the United States

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ynat22

Economics

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Do 6 questions about health economics.

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1. Suggest several reasons why health care spending is higher in the United States than in other countries. Is the fact that the U.S. population spends more per capita on health care than people in any other developed country evidence of a failure of the U.S. system? What issues do you think are involved in answering the question? 2. From the table above, examine the private health insurance, Medicare, and Medicaid components. Which category grew the most between 1970 and 2014? Between 2000 and 2014? What factors might have led to the differences in the growth rates? 3. When a welfare loss occurs because of monopoly, what exactly is lost? Who loses it? 4. Using a supply-and-demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following: a. A technological change that reduces the cost of producing X-rays on the market for physician clinic services. b. Increased graduations of new doctors on the market for physician services. c. The virtual elimination of smoking in the population on the market for hospital services. d. A price ceiling placed on physician fees in the market for physician services. 5. Consider the following table of costs and benefits from a governmental policy to clean the water in a local area. a. What level of abatement is most efficient by general economic criteria? b. Would a 70 percent level of abatement pass a cost-benefit test? Is it efficient? c. How would you respond to those who argue for 100 percent abatement? 6. Consider a project that costs $10,000 today. It will provide benefits of $4,000 at the end of Year 1, $3,500 at the end of Year 2, and $3,500 at the end of Year 3. If the discount rate is a. 6 percent, will this project be approved using cost-benefit analysis? Would your answer change if the discount rate is: b. 5 percent? c. 4 percent?
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OUTLINE

1. INTRODUCTION
2. BODY
3. CONCLUSION
4. REFERENCES


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ECONOMICS

Questions about Healthcare Economic
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ECONOMICS

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Reasons for Higher Health Care Spending in the US

They are two issues that make the United States government spend more on healthcare services.
The government uses expensive medical technology and prices for health services and goods
compared to other countries. The government spends more money in purchasing costly equipment,
but the healthcare system is still worse than other developed countries. The other reason why the
United States is spending more is its prices for such services.
When it comes to healthcare accessibility, the United States is still lagging behind as compared to
other developed economies. It contains accessing health insurance. A country like Sweden
provides their citizens with a universal insurance plan. The United States is the only developed
country without the comprehensive insurance plan. The number of beds is another indicator that
the US government has a problem with the healthcare services. Among the other developed
countries, the ...


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