If the government provides healthcare to achieve the efficient coverage, how many families are covered and how
Question:
If the government provides healthcare to achieve the efficient coverage, how many families are covered and how much must taxpayers pay?
The marginal cost of insurance is a constant $6,000 per family per year. Marginal social benefit from insurance exceeds the willingness and ability to pay by a constant $4,000 per family per year
Transcribed Image Text:
FIGURE 16.2 Problems 7 to 10 D= MB 20 10 30 40 50 60 70 Quantity (millions of families insured) 4. 3. 2. Premium (thousands of dollars per year)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
The efficient quantity of health insurance is 50 million famili...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
a) Briefly explain how the measurement of divisional performance differs when assessing the achievement of strategic targets as distinct from operational targets. (b) J is a hospital which supplies a...
-
If the government subsidizes private insurers, what subsidy will achieve the efficient coverage? The marginal cost of insurance is a constant $6,000 per family per year. Marginal social benefit from...
-
If the government decides to subsidize health insurance (like Obamacare), what subsidy will achieve the efficient coverage? The marginal cost of health insurance is a constant $8,000 a year and the...
-
Information sent electronically over the Internet affords little privacy. One of the reasons that cryptography is included in this text is because its importance is growing due to the increasing need...
-
Derive (A)2 = A2 - A2 [Eq. (5.11)].
-
Antone Company sells office equipment on July 31, 2025, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2025, had accumulated depreciation of $42,000. Depreciation...
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically attractive?...
-
The following are selected transactions that may affect stockholders' equity. 1. Recorded accrued interest earned on a note receivable. 2. Declared and distributed a stock split. 3. Declared a cash...
-
Instructions: Place the six steps of the accounting cycle in the correct order. Rank the options below. Prepare financial statements.Prepare financial statements. open choices for ranking No answer...
-
Bell Company??s fiscal year ends on June 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data:1. On July 1, two jobs...
-
With no public health insurance market, how many families buy insurance, what is the premium, and is the coverage efficient? The marginal cost of insurance is a constant $6,000 per family per year....
-
If the government gave coverage to everyone what problems would arise in the related market for healthcare services? The marginal cost of insurance is a constant $6,000 per family per year. Marginal...
-
Two distributions of data are being analyzed. Distribution A has a mean of 500 and a standard deviation equal to 100. Distribution B has a mean of 10 and a standard deviation equal to 4.0. Based on...
-
Assignment Overview You are the database administrator for a small airline. You have the task of handling bookings for the airline's planes, both commercially and industrially. You will have to build...
-
Elaborate on the "Sophisticated Equity Method: Intercompany Transactions". How does this method address intercompany transactions, and what unique considerations are involved?
-
write below code (JAVA) I'm trying to make a program which is a Togo/Deriver order 1) " Choose A pickup/ B Delivery", I'd like to put If-else ( If user choose A, go to order, if choose B, take input...
-
In your personal portfolio account, not a qualified 401K retirement account, you get paid a dividend and it automatically gets reinvested, (meaning you buy more of this stock or fund), but it never...
-
How would you describe an investor who has only invested in equities, with five of their top ten holdings in blue chip companies and they are tech focused.
-
Reynold's Company had net sales of $2,500,000, cost of goods sold of $1,150,000, and profit of $500,000 in 2017. The company had a January 1, 2017, inventory balance of $132,000 and a December 31,...
-
On October 31 Juanita Ortega, owner of Outback Guide Service, received a bank statement dated October 30. Juanita found the following: 1. The checkbook has a balance of $2,551.34. 2. The bank...
-
Use the following information to work Problems 1 to 3. Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. Suppose that Brazils production...
-
If Harry suddenly finds high grades in economics easier to attain, what happens to his PPF, his MB curve, and his efficient time allocation?
-
If Harry suddenly finds high grades in economics easier to attain, what happens to his PPF, his MB curve, and his efficient time allocation?
-
2 Michael Wittry has been investing in his Roth IRA account for 20 years. Two years ago, his account was worth $215,658. After losing 1/3 of its original value, it then gained 1/2 of its new value...
-
identify these sources, asset use, asset exchange, or claims exchange. purchase inventory shipping cost.
-
k esc Canvas $475,000. $345,000 O $455,000. O $345,000. O $400,000. Question 2 O Cash 12,480 On October 1, 2022, a company lends cash and accepts a $12,000 note receivable that offers 8% interest and...
Study smarter with the SolutionInn App