45 TW BA 252B W20 Healthcare Gwartney Part 1 of 2 No Questions Part 2 of 2 Healthcare Gwartney Question 1 of 252 PointsUnder the current structure of Medicare, the movement of the baby boom generation into the retirement phase of life willA reduce the overall demand for medical services because the elderly will not have to pay for hospitalization in the future B place downward pressure on healthcare prices C cause Medicare expenditures to increase and necessitate the need for higher taxes to finance the program D do all of the above Reset Selection Question 2 of 252 PointsDuring the last three decades, the real (adjusted for inflation) expendituresA on Medicare have grown rapidly, but the real expenditures on Medicaid have been virtually constant B on the Medicare program have been virtually constant but the real expenditures on Medicaid have increased substantially C on both Medicare and Medicaid have increased substantially D on both Medicare and Medicaid have been virtually constant Reset Selection Question 3 of 252 PointsThe only two options to control the growth of healthcare spending areA price controls and political rationing or competition and market prices B taxation or political mandates C subsidizing of healthcare insurance or government provision of healthcare D free healthcare or subsidized healthcare Reset Selection Question 4 of 252 PointsThe Affordable Care Act will subsidize the purchase of health insurance for which of the following groups A Doctors and nurses regardless of income B Individuals and families with incomes between 133 percent and 400 percent of the poverty level C Employees who belong to a labor union D All workers employed by firms with fewer than 50 full time employees Reset Selection Question 5 of 252 PointsEconomic analysis indicates that the increasing government expenditures and growth of third party payments accompanying the Medicare and Medicaid programsA reduced the demand for healthcare services B reduced the incentive of consumers to economize on their use of healthcare C increased the incentive of consumers to economize on their use of healthcare D placed downward pressure on the prices of healthcare services Reset Selection Question 6 of 252 PointsThird party payments by either the government or an insurance company accounted for of the 2011 healthcare expenditures, compared to paid by third parties in 1960 (Fill in the blanks)A 40 percent 20 percent B 20 percent 40 percent C 86 percent 45 percent D 96 percent 73 percent Reset Selection Question 7 of 252 PointsWhich of the following would encourage consumers to economize on health care expenditures and producers to supply health care services more efficiently A An increase in out of pocket expenditures by health care consumers B Decreased reliance on personal Medical Savings Accounts and health care expenditures from the accounts C Decreased reliance on the purchase of catastrophic health insurance coverage and less reliance on insurance with first dollar coverage and small co payments D The establishment of a national health care system that would provide coverage to all people Reset Selection Question 8 of 252 PointsWhich of the following groups is most likely to derive substantial benefits from the Patient Protection and Affordable Care Act A Healthy young people B Individuals and families with incomes of more than 400 percent of the poverty level C Individuals with pre existing health problems D The elderly Reset Selection Question 9 of 252 PointsEconomic theory indicates that the growth of subsidies to healthcare consumers and accompanying expansion in third party payments willA lead to higher healthcare prices B lead to lower healthcare prices C reduce the incentive of consumers to economize D increase the incentive of healthcare providers to provide their services at a low cost E do both a and c above Reset Selection Question 10 of 252 PointsWhich of the following is a predictable impact of the Patient Protection and Affordable Care Act A A reduction in the prices of health care services B A reduction in total expenditures on health care C An increase in the number of part time employees relative to full time workers D A lower overall rate of unemployment Reset Selection Question 11 of 252 PointsSpecial savings accounts that individuals would pay into and then use to pay for medical expenses (or use to purchase a catastrophic health insurance policy) are calledA Medicare accounts B comprehensive insurance plans C medical savings accounts D Health Maintenance Organizations (HMOs) Reset Selection Question 12 of 252 PointsWhich of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States A An increase in the share of healthcare costs paid for either directly or from personal medical savings accounts B Subsidies that would encourage consumers to purchase low co payment insurance plans C A new government program that would cover the cost of prescription drugs purchased by all healthcare consumers D A reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age Reset Selection Question 13 of 252 PointsWhich of the following is true about health care A The growth of third party payments during the last several decades has helped control inflation in the health care sector B Public policy encourages Americans to purchase low deductible low co payment health insurance coverage through their employers C Low deductible health insurance coverage encourages health care consumers to search for the best prices D The 2 9 percent Medicare payroll tax is sufficient to cover the cost of the promised future health care services to senior citizens Reset Selection Question 14 of 252 PointsWhen a third party pays a larger and larger share of the purchasing price of a good, economic theory indicates that theA demand for the good will decline B consumers of the good will have less and less incentive to economize on its use C suppliers of the good will have a stronger incentive to provide the good at low prices D prices of the good will tend to decline with the passage of time Reset Selection Question 15 of 252 PointsWhen the 2010 Patient Protection and Affordable Care Act is fully implemented, it willA substantially reduce the share of health care expenses paid by a third party B require all Americans to purchase health care insurance from either a private or government source C increase the competitiveness of the health insurance business by allowing people to purchase the insurance across state boundaries D reduce the demand for health care and thereby lead to lower prices for health care services Reset Selection Question 16 of 252 PointsHealthcare price controls will lead toA more innovative healthcare treatments B waiting lines and lengthy delays for treatment C higher quality healthcare services D an increase in the supply of healthcare services Reset Selection Question 17 of 252 PointsWhy is the current U S tax treatment of health insurance purchased through one's employer discriminatory A Health insurance should not be a tax deductible expense for anyone B The system gives preferential tax treatment to self employed individuals C The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible D The system gives preferential tax treatment to people who purchase health insurance directly from a provider Reset Selection Question 18 of 252 PointsConcerning health care, which of the following is true A More than half of medical bills are paid for directly by consumers B Healthcare insurance provided by one's employer is counted as personal income C State mandated coverage of medical procedures like in vitro fertilization, drug rehabilitation, and acupuncture, make health insurance more affordable D Regulations prevent consumers from purchasing a health insurance plan offered in another state Reset Selection Question 19 of 252 PointsIf a third party pays a larger and larger share of the purchasing price of a good, economic theory indicates thatA the total expenditures (including those made by the third party) on the good will decline B the demand for the good will decrease C consumers will have a stronger incentive to economize on their use of the good D suppliers will have less incentive to provide the good at low prices Reset Selection Question 20 of 252 PointsA 2 9 percent payroll tax (1 45 percent levied on both the employee and the employer) imposed on current workers is used to finance theA Medicaid program that provides healthcare for the poor B hospitalization costs of Medicare beneficiaries C cost of physician services supplied to the elderly D healthcare costs of both the elderly and the poor Reset Selection Question 21 of 252 PointsOver the last forty years, the price index of healthcare servicesA declined slightly relative to the overall consumer price index B fell by approximately 50 percent compared to the overall consumer price index C increased at twice the rate of the overall consumer price index D rose during a brief period following the passage of Medicare and Medicaid but has been relatively stable since that time Reset Selection Question 22 of 252 PointsFederal tax legislation makes it cheaper for individuals and families to pay for health careA by purchasing an insurance policy through their employer rather than paying for it directly with their own money B by purchasing an insurance policy through their employer rather than directly purchasing health insurance from the company of their choice C directly rather than through an insurance policy offered through their employer D by both a and b above Reset Selection Question 23 of 252 PointsReal expenditures on Medicare and MedicaidA rose during the 1970s and 1980s, but they have been declining since 1990 B fell during the 1970s and 1980s, but they have been increasing since 1990 C increased at about the same rate as real GDP during the last three decades D have approximately doubled during each of the last three decades Reset Selection Question 24 of 252 PointsWhich of the following would help to avert a healthcare crisis A Requiring employers to pick up 100 percent of the healthcare costs for their employees B Discouraging medical savings accounts since these provide additional funds for medical care, and therefore, they are likely to drive up medical prices C Discouraging the purchase of health insurance plans with small co payments D Structural changes that would increase the competitiveness of the health insurance and medical services markets Reset Selection Question 25 of 252 PointsAs the Medicare program is expanded to cover the cost of prescription drugs for the elderly, other things constant, this will lead toA an increase in demand and higher prices for prescription drugs B an increase in demand and lower prices for prescription drugs C reduction in demand and lower prices for prescription drugs D reduction in demand and higher prices for prescription drugs Reset Selection

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45 TW BA 252B W20 Healthcare Gwartney Part 1 of 2- No Questions Part 2 of 2- Healthcare Gwartney Question 1 of 252 PointsUnder the

TW BA 252B W20

Healthcare Gwartney

Part 1 of 2-

No Questions

Part 2 of 2- Healthcare Gwartney

Question 1 of 252 PointsUnder the current structure of Medicare, the movement of the baby boom generation into the retirement phase of life willA.reduce the overall demand for medical services because the elderly will not have to pay for hospitalization in the future.
B.place downward pressure on healthcare prices.
C.cause Medicare expenditures to increase and necessitate the need for higher taxes to finance the program.
D.do all of the above.

Reset Selection

Question 2 of 252 PointsDuring the last three decades, the real (adjusted for inflation) expendituresA.on Medicare have grown rapidly, but the real expenditures on Medicaid have been virtually constant.
B.on the Medicare program have been virtually constant but the real expenditures on Medicaid have increased substantially.
C.on both Medicare and Medicaid have increased substantially.
D.on both Medicare and Medicaid have been virtually constant.

Reset Selection

Question 3 of 252 PointsThe only two options to control the growth of healthcare spending areA.price controls and political rationing or competition and market prices.
B.taxation or political mandates.
C.subsidizing of healthcare insurance or government provision of healthcare.
D.free healthcare or subsidized healthcare.

Reset Selection

Question 4 of 252 PointsThe Affordable Care Act will subsidize the purchase of health insurance for which of the following groups?A.Doctors and nurses regardless of income.
B.Individuals and families with incomes between 133 percent and 400 percent of the poverty level.
C.Employees who belong to a labor union.
D.All workers employed by firms with fewer than 50 full-time employees.

Reset Selection

Question 5 of 252 PointsEconomic analysis indicates that the increasing government expenditures and growth of third-party payments accompanying the Medicare and Medicaid programsA.reduced the demand for healthcare services.
B.reduced the incentive of consumers to economize on their use of healthcare.
C.increased the incentive of consumers to economize on their use of healthcare.
D.placed downward pressure on the prices of healthcare services.

Reset Selection

Question 6 of 252 PointsThird-party payments by either the government or an insurance company accounted for ____ of the 2011 healthcare expenditures, compared to ____ paid by third parties in 1960. (Fill in the blanks)A.40 percent; 20 percent
B.20 percent; 40 percent
C.86 percent; 45 percent
D.96 percent; 73 percent

Reset Selection

Question 7 of 252 PointsWhich of the following would encourage consumers to economize on health-care expenditures and producers to supply health-care services more efficiently?A.An increase in out-of-pocket expenditures by health-care consumers.
B.Decreased reliance on personal Medical Savings Accounts and health-care expenditures from the accounts.
C.Decreased reliance on the purchase of catastrophic health insurance coverage and less reliance on insurance with first-dollar coverage and small co-payments.
D.The establishment of a national health-care system that would provide coverage to all people.

Reset Selection

Question 8 of 252 PointsWhich of the following groups is most likely to derive substantial benefits from the Patient Protection and Affordable Care Act?A.Healthy young people.
B.Individuals and families with incomes of more than 400 percent of the poverty level.
C.Individuals with pre-existing health problems.
D.The elderly.

Reset Selection

Question 9 of 252 PointsEconomic theory indicates that the growth of subsidies to healthcare consumers and accompanying expansion in third-party payments willA.lead to higher healthcare prices.
B.lead to lower healthcare prices.
C.reduce the incentive of consumers to economize.
D.increase the incentive of healthcare providers to provide their services at a low cost.
E.do both a and c above.

Reset Selection

Question 10 of 252 PointsWhich of the following is a predictable impact of the Patient Protection and Affordable Care Act ?A.A reduction in the prices of health care services.
B.A reduction in total expenditures on health care.
C.An increase in the number of part-time employees relative to full-time workers.
D.A lower overall rate of unemployment.

Reset Selection

Question 11 of 252 PointsSpecial savings accounts that individuals would pay into and then use to pay for medical expenses (or use to purchase a catastrophic health insurance policy) are calledA.Medicare accounts.
B.comprehensive insurance plans.
C.medical savings accounts.
D.Health Maintenance Organizations (HMOs).

Reset Selection

Question 12 of 252 PointsWhich of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States?A.An increase in the share of healthcare costs paid for either directly or from personal medical savings accounts.
B.Subsidies that would encourage consumers to purchase low co-payment insurance plans.
C.A new government program that would cover the cost of prescription drugs purchased by all healthcare consumers.
D.A reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age.

Reset Selection

Question 13 of 252 PointsWhich of the following is true about health care?A.The growth of third-party payments during the last several decades has helped control inflation in the health-care sector.
B.Public policy encourages Americans to purchase low deductible/low co-payment health insurance coverage through their employers.
C.Low deductible health insurance coverage encourages health-care consumers to search for the best prices.
D.The 2.9 percent Medicare payroll tax is sufficient to cover the cost of the promised future health-care services to senior citizens.

Reset Selection

Question 14 of 252 PointsWhen a third party pays a larger and larger share of the purchasing price of a good, economic theory indicates that theA.demand for the good will decline.
B.consumers of the good will have less and less incentive to economize on its use.
C.suppliers of the good will have a stronger incentive to provide the good at low prices.
D.prices of the good will tend to decline with the passage of time.

Reset Selection

Question 15 of 252 PointsWhen the 2010 Patient Protection and Affordable Care Act is fully implemented, it willA.substantially reduce the share of health care expenses paid by a third party.
B.require all Americans to purchase health care insurance from either a private or government source.
C.increase the competitiveness of the health insurance business by allowing people to purchase the insurance across state boundaries.
D.reduce the demand for health care and thereby lead to lower prices for health care services.

Reset Selection

Question 16 of 252 PointsHealthcare price controls will lead toA.more innovative healthcare treatments.
B.waiting lines and lengthy delays for treatment.
C.higher quality healthcare services.
D.an increase in the supply of healthcare services.

Reset Selection

Question 17 of 252 PointsWhy is the current U.S. tax-treatment of health insurance purchased through one's employer discriminatory?A.Health insurance should not be a tax-deductible expense for anyone.
B.The system gives preferential tax treatment to self-employed individuals.
C.The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible.
D.The system gives preferential tax treatment to people who purchase health insurance directly from a provider.

Reset Selection

Question 18 of 252 PointsConcerning health care, which of the following is true?A.More than half of medical bills are paid for directly by consumers.
B.Healthcare insurance provided by one's employer is counted as personal income.
C.State mandated coverage of medical procedures like in-vitro fertilization, drug rehabilitation, and acupuncture, make health insurance more affordable.
D.Regulations prevent consumers from purchasing a health insurance plan offered in another state.

Reset Selection

Question 19 of 252 PointsIf a third party pays a larger and larger share of the purchasing price of a good, economic theory indicates thatA.the total expenditures (including those made by the third party) on the good will decline.
B.the demand for the good will decrease.
C.consumers will have a stronger incentive to economize on their use of the good.
D.suppliers will have less incentive to provide the good at low prices.

Reset Selection

Question 20 of 252 PointsA 2.9 percent payroll tax (1.45 percent levied on both the employee and the employer) imposed on current workers is used to finance theA.Medicaid program that provides healthcare for the poor.
B.hospitalization costs of Medicare beneficiaries.
C.cost of physician services supplied to the elderly.
D.healthcare costs of both the elderly and the poor.

Reset Selection

Question 21 of 252 PointsOver the last forty years, the price index of healthcare servicesA.declined slightly relative to the overall consumer price index.
B.fell by approximately 50 percent compared to the overall consumer price index.
C.increased at twice the rate of the overall consumer price index.
D.rose during a brief period following the passage of Medicare and Medicaid but has been relatively stable since that time.

Reset Selection

Question 22 of 252 PointsFederal tax legislation makes it cheaper for individuals and families to pay for health careA.by purchasing an insurance policy through their employer rather than paying for it directly with their own money.
B.by purchasing an insurance policy through their employer rather than directly purchasing health insurance from the company of their choice.
C.directly rather than through an insurance policy offered through their employer.
D.by both a and b above.

Reset Selection

Question 23 of 252 PointsReal expenditures on Medicare and MedicaidA.rose during the 1970s and 1980s, but they have been declining since 1990.
B.fell during the 1970s and 1980s, but they have been increasing since 1990.
C.increased at about the same rate as real GDP during the last three decades.
D.have approximately doubled during each of the last three decades.

Reset Selection

Question 24 of 252 PointsWhich of the following would help to avert a healthcare crisis?A.Requiring employers to pick up 100 percent of the healthcare costs for their employees.
B.Discouraging medical savings accounts since these provide additional funds for medical care, and therefore, they are likely to drive up medical prices.
C.Discouraging the purchase of health insurance plans with small co-payments.
D.Structural changes that would increase the competitiveness of the health insurance and medical services markets.

Reset Selection

Question 25 of 252 PointsAs the Medicare program is expanded to cover the cost of prescription drugs for the elderly, other things constant, this will lead toA.an increase in demand and higher prices for prescription drugs.
B.an increase in demand and lower prices for prescription drugs.
C.reduction in demand and lower prices for prescription drugs.
D.reduction in demand and higher prices for prescription drugs.

Reset Selection