How do higher deductibles act to reduce moral hazard problems, especially for small medical expenses?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
The helth re exenditure in US is ne f the lrgest sending rtins f US...View the full answer
Answered By
Antony Mutonga
I am a professional educator and writer with exceptional skills in assisting bloggers and other specializations that necessitate a fantastic writer. One of the most significant parts of being the best is that I have provided excellent service to a large number of clients. With my exceptional abilities, I have amassed a large number of references, allowing me to continue working as a respected and admired writer. As a skilled content writer, I am also a reputable IT writer with the necessary talents to turn papers into exceptional results.
4.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What bank regulations are designed to reduce moral hazard problems created by deposit insurance? Will they completely eliminate the moral hazard problem?
-
How is the moral hazard problem relevant to the health care market?
-
How does the moral hazard problem differ from the adverse selection problem in markets for medical insurance?
-
Determine the real roots of (x) = - 1 + 5.5x 4x2 + 0.5x3: (a) Graphically and (b) Using the Newton-Raphson method to within s = 0.01%.
-
Assume that the formation of nitrogen dioxide: 2NO(g) + O2(g) 2NO2(g) is an elementary reaction. (a) Write the rate law for this reaction. (b) A sample of air at a certain temperature is...
-
Ivanhoe, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3300 and received 6900 pieces of candy that are allocated among three...
-
5. Suppose it turns out that a rule-based system is infeasible for processing more complicated tax returns. What alternatives are available to the IRS? As a taxpayer, which do you recommend? 6....
-
Presented below is the ledger for Bowman Co. Instructions(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.(b) Determine...
-
Vaughn Company reported the following amounts in the stockholders equity section of its December 3 1 , 2 0 2 4 , balance sheet. Preferred stock, 1 0 % , $ 1 0 0 par ( 1 0 , 0 0 0 shares authorized, 1...
-
Compare the reporting of intangible assets under GASB and FASB standards.
-
Is it inefficient that the United States spends a larger fraction of income on health care than the fraction spent by other countries?
-
Why do both adverse selection and moral hazard mean that lunch insurance, which would pay for lunch if you choose to eat it, is never likely to be a commercial success?
-
Figure 1.2 identifies that people bring variety, uncertainty and complexity to the organizational process. The major implication being that to achieve success every manager needs to have experience...
-
The issue of Royal Rose Manufacturing Co., Ltd. with many new employees is the low level of production. Although the company implements training programs for employees, the skill improvement of...
-
For safety reasons an elevator stops with an acceleration of g/3 in the case of an emergency. Let's assume an unusually high ceiling of the elevator to hang three sections lamp one below the other...
-
Can Google be characterized as a monopoly? Justify your answer by specifying and comparing the characteristics of a monopoly with those of Google. What is competition law? How would you justify the...
-
In the case below design and draw a Rich Picture that identifies the key stakeholders, actors, power and decision-making authorities. The novel coronavirus has turned the world upside down as a...
-
1. Two spherical stars A and B have densities PA and PB, respectively. A and B have the same radius, and their masses MA and M are related by MB = 2M. Due to an interaction process, star A loses some...
-
Individuals who have negative self-perception and life positions do not have to continue with those perceptions. Is this true?Why orwhy not?
-
How can NAFTA be beneficial to suppliers of Walmart?
-
How can a commercial banks performance be evaluated?
-
You take $100 you had kept under your mattress and deposit it in your bank account. If this $100 stays in the banking system as reserves and if banks hold reserves equal to 10 percent of deposits, by...
-
Happy Bank starts with $200 in bank capital. It then takes in $800 in deposits. It keeps 12.5 percent (1/8th) of deposits in reserve. It uses the rest of its assets to make bank loans. a. Show the...
-
The Federal Reserve conducts a $10 million open-market purchase of government bonds. If the required reserve ratio is 10 percent, what is the largest possible increase in the money supply that could...
-
Kenneth lived in his home for the entire year except for when he rented his home (near a very nice ski resort) to a married couple for 14 days in December. The couple paid Kenneth $14,000 in rent for...
-
On December 31, 2021, Shack Store Inc had 143 million shares outstanding, which traded for $643.29 per share. On January 02, 2022, the CEO announced a 20-for-1 stock split. Every shareholder would...
-
o1s= secom o1s= secom
Study smarter with the SolutionInn App