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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?

  1. Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on healthcare.
  2. The RAND study was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants.
  3. 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.
  4. 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.
  5. 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.
  6. Unlike the usual measure of elasticity, an arc elasticity can be calculated from just one price-quantity data point.
  7. Both the RAND Oregon studies find that demand for health care is approximately unit elastic, that is e -1
  8. In the RAND HIGH, being assigned more generous insurance did not generally improve participant's health outcomes, except among certain subgroups.
  9. To date, no major health insurance experiment has studied the impact of uninsurance, just different levels of insurance.
  10. Results from the Oregon Medicaid Experiment suggest that having health insurance has positive impact on health status

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