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True or False? Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on healthcare.
True or False?
- Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on healthcare.
- The RAND study was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants.
- The Oregon Medicaid Experiment is not truly "randomized" because lottery winners did not all end up with insurance, and some lottery losers did end up with insurance.
- The RAND HIE found that people assigned to the free health plan had the same rate of hospitalization as people assigned to the cost sharing plans.
- In the RAND HIE, the arc elasticity of demand for inpatient care was larger (in absolute value) than the arc elasticity of demand for outpatient care.
- Unlike the usual measure of elasticity, an arc elasticity can be calculated from just one price-quantity data point.
- Both the RAND Oregon studies find that demand for health care is approximately unit elastic, that is e -1
- In the RAND HIGH, being assigned more generous insurance did not generally improve participant's health outcomes, except among certain subgroups.
- To date, no major health insurance experiment has studied the impact of uninsurance, just different levels of insurance.
- Results from the Oregon Medicaid Experiment suggest that having health insurance has positive impact on health status
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