Health savings accounts can introduce an element of price competition into the health care system because:
A. producers become more willing to supply health care services.
B. the medical service providers have agreed to a lower fee.
C. they create an incentive for consumers to seek out lower prices.
D. consumers become more willing to pay for health care expenditures.
Health savings accounts can introduce an element of price competition into the health care system because:
A. producers become more willing to supply health care services.
B. the medical service providers have agreed to a lower fee.
C. they create an incentive for consumers to seek out lower prices.
D. consumers become more willing to pay for health care expenditures.
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Question 1 to 9. Choose TRUE or FALSE. WILL RATE 5 stars for a correct answer
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1. Flow of Funds Direct spending by the government on health care in 2012 was almost $ 4,500. |
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2. |
Flow of Funds Payments to hospitals and physicians account for about half of all health care spending in 2012. |
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Flow of Funds Over the past 100 years, out-of-pocket expenditures for health care services by individuals have decreased from over 75% to less than 5%. |
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Flow of Funds Third-party payers account for 60% of all health care expenditures in 2012 |
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Flow of Funds The dollar amount of health care expenditures paid by charitable organizations and individuals has remained roughly constant over the past 100 years if one adjusts for inflation |
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6. Flow of Funds Ranking everyone by the amount spent on medical care, 30 percent of the total (all expenditures for all people) is accounted for by the top 1 percent of patients. The top half of the population accounts for 90 percent of total spending. This is mostly due to cost-shifting. |
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7. Flow of Funds Not only is the share of GDP to health care higher in 2012 than in 1929, but the wages of health care workers have also risen concerning wages of other types of workers. The Flow of Funds idea emphasizes that total dollars spent by individuals, the government, and other third-party payers for health care must equal total income earned by health care providers, administrators, and other health care workers. |
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8. Equity and Distribution Socioeconomic differences in mortality found in the U.S. are most likely attributable to a lack of universal health insurance coverage. |
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9. Shifting Overhead When a drug company advertises it will provide a prescription drug at no charge to certain individuals who cannot afford a doctor prescribed drug, costs are most likely being shifted away from individuals who are paying high prices to those who are paying nothing.
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