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18 Dec 2019

Which of the following statements is true?

Over one-half of all people over age 85 are in nursing homes.

Almost 6 percent of all health care spending is on nursing home care for the elderly.

Most nursing home care is financed by private insurance.

Most nursing home residents over the age of 85 are male.

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Jarrod Robel
Jarrod RobelLv2
31 Dec 2019
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True or False

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Increasing demand for long-term care is associated with macroeconomic and demographic trends as well as individual life style choices. For instance, higher workforce participation by women has raised the opportunity cost of care giving.

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Originally, Medicaid has been created to provide medical insurance for indigent women and children. Now, however, the majority of Medicaid expenditures are for the elderly.

Middle and low income taxpayers benefit from several federal tax incentives to buy long term care insurance.

More than 10% of U.S. health care spending goes to nursing homes.

In the market for nursing home services, after reaching the quantity where the private market’s willingness-to-pay matches the Medicaid reimbursement rate, demand becomes essentially perfectly elastic at the Medicaid reimbursement rate, as all remaining beds can typically be filled with Medicaid patients.

14. Consider the following statements with respect to Medicaid, a joint health insurance program between both the states and the federal government.

a. It provides medical insurance for certain low-income people, including those below the poverty line, with a focus on families with children, the elderly, and the disabled.

b. About one-third of Medicaid spending is for low-income mothers with children.

c. While an increasing share of the program funding in recent years has gone to pay for nursing home costs for the elderly poor.

d. All of these are true. 

5. The majority of financing for Medicaid programs comes from _______.

a.

the federal government

b.

state governments

c.

individual premiums

d.

charitable care

26. The DRG (Diagnosis-Related-Group) payment system used by Medicare to reimburse physicians is also used by private insurance companies and hospitals as a framework for their own medical care reimbursements.

True

False

27. The Human Capital approach considers investments in healthcare as an investment in making people more productive by making them healthier.

True

False

28. According to the Human Capital approach the value of a human life increases with the productivity (as measured by life time earning power) of an individual.

True

False

29. Which of the following statements is true about major medical professional categories since 1970?

a. The number of physicians has had the highest rate of increase.

b. The number of dentists has had the highest rate of increase.

c. The number of registered nurses has had the greatest rate of increase.*

d. The number of optometrists has had the greatest rate of increase.

30. Analysts have suggested that the nursing home sector has large numbers of non-profit providers because:

a. Older people cannot afford for-profit care.

b. Religious institutions often provide the care.

c. it is difficult to monitor nursing home quality, and nonprofit institutions would have less incentive to skimp on care.

d. Government provides incentives to nonprofit providers.

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