Back to Assignment Attempts 0.6 Keep the Highest 0.6 / 1 3. Explaining growing health care spending in the U.S. According to the data collected by the Center for Medicare and Medicaid Services, health spending in the United States as a percentage of GDP has risen from 5% in 1960 to 18% in 2019. Which of the following are the forces that are responsible for this upward trend in health spending? Check all that apply. Productivity in the healthcare sector rose with the rest of the economy, causing a steep increase in the wages of healthcare providers Productivity in the healthcare sector remained relatively low compared to the rest of the economy, whereas wages of healthcare providers have been rising along with the rest of the labor force As incomes continue to rise, people tend to spend a higher fraction of their budget on healthcare. Baumol's cost disease implies that the cost of healthcare has been falling so that more people could afford it. As an aging population continues to grow older, the demand for healthcare rises. Grade It Now Save & Continue Continue without saving MacBook Air * - O # m 89 LO O O C m I LL Z XChapter 12 Homework Back to Assignment Attempts Keep the Highest / 1 4. Explaining the excessive health insurance in the United States Many economists agree that the health system of the United States relies too heavily on health insurance, especially for minor or routine expenditures Their thinking is that excessive insurance compounds the moral hazard problem and thus drives up the cost of healthcare. Which of the following statements accurately describe excessive insurance? Check all that apply Employees have an incentive to bargain for expensive health insurance. Compensation in the form of health insurance is taxed at a lower rate. Preferential treatment is given to employer-provided health insurance The "Cadillac tax" encourages employers to provide expensive health plans. A Grade It Now Save & Continue Continue without saving MacBook Air * N XMind Tap - Ce CENGAGE | MINDTAP Chapter 12 Homework Attempts Keep the Highest / 2 urses 5. The policy debate over healthcare talog and Study Tools Policymakers debate the extent to which the U.S. government should be involved in the healthcare system. Some argue that the role of government Rental Options should be expanded, and others argue the role should be reduced. ollege Success Tips Which of the following are the arguments put forward by those who would like to see an expanded government role? Check all that apply. Career Success Tips The government is to offer people a single payer system financed out of tax revenue. IMENDED FOR YOU The government can offer people a public option in the healthcare. Private insurers and providers should compete for consumers Private insurance companies put profit ahead of people. Crucial Document: A Both sides of the policy debate over healthcare often reference Canada, where the government is in charge of running the healthcare system, which is purse's Syllabus financed primarily by taxes. .. Which of the following describe features of the Canadian centralized system favored by those who support an expanded government role? Check all Hel that apply. Give Feedback Excessively ration care Elimination of wasteful treatment Limited individual freedom Reduced administrative inefficiency Grade It Now Save & Continue Continue without saving MacBook Air esc 80 LO