A. True/False Explain. Indicate whether each of the following statements is true

Question

A. True/False Explain. Indicate whether each of the following statements is true or false and then explain why you think this. Include in your explanation any pertinent institutional details and economic reasoning (including appropriate graphs and equations). Please provide concise, clear answers with minimal irrelevant detail. Explanation is required.

5. In consumer-directed health insurance plans it is possible to have low levels of deadweight loss from moral hazard, while also having low coinsurance rates and no supply-side restrictions.

6. State policies that mandated the release of physician report cards, which contained information about the risk-adjusted mortality rates of the patients of cardiac surgeons, were greatly beneficial to consumers by allowing them to more efficiently search for high quality surgeons.

Explanation / Answer

1.

True

Consumer-directed health plans (CDHPs) place greater responsibility for health care decisions in the hands of consumers. They aim to reduce health care spending by exposing consumers to the financial implications of their treatment decisions. These plans make the Medicare bills look like the consumer is paying them from his own pocket.

2.

True

It helps patients to choose which surgeons will be better for treating them, based on their past record and treatment results.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.