If the government gave coverage to everyone what problems would arise in the related market for healthcare
Question:
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 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: 54% (11 reviews)
If the government gave everyone coverage then 70 million families x the quantity of i...View the full answer
Answered By
Irfan Ali
I have a first class Accounting and Finance degree from a top university in the World. With 5+ years experience which spans mainly from the not for profit sector, I also have vast experience in preparing a full set of accounts for start-ups and small and medium-sized businesses. My name is Irfan Ali and I am seeking a wide range of opportunities ranging from bookkeeping, tax planning, business analysis, Content Writing, Statistic, Research Writing, financial accounting, and reporting.
4.70+
249+ Reviews
530+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government health program for the...
-
The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government health program for the...
-
The following is the description of a cost: Total fixed costs are $50,000 per month and the variable cost per unit is $10.00 when production is under 1,000 units. The variable cost drops to $9.00 per...
-
Use a calculator to obtain solutions correct to the nearest hundredth in Problems 4954. 0.02x +0.831x + 0.0069 = 0
-
At a certain instant of time, a particle in a one-dimensional box of length l (Fig. 2.1) is in a nonstationary state with = (105 / l7)1/2x2(l - x) inside the box. For this state, find x and px and...
-
On January 1, 2025, Budd Corporation started the year with a balance in Accounts Receivable of $145,000 and a credit balance in Allowance for Doubtful Accounts of $7,950. During 2025, the company had...
-
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...
-
At the beginning of 2016, the Redd Company had the following balances in its accounts: Cash ........ $ 6,900 Inventory ....... 15,000 Land ......... 7,000 Common stock .... 15,000 Retained earnings...
-
Making Decisions with Confidence Intervals Assume you work for Kimberly Clark Corporation, the makers of Kleenex. The job you are presently working on requires you to decide how many Kleenexes are to...
-
Complete Keith's tax return including all required schedules and forms using prince edward island as province, using the fillable forms package. Taxpayers Information Taxpayer #1 Name: Keith Dox...
-
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...
-
A last-minute enrollment surge enabled the White House to meet its 7 million sign-up target for the Affordable Care Act. President Barack Obama said on Tuesday that 7.1 million people had signed up...
-
Find all c Z 5 such that Z 5 [x]/(x 2 + cx + 1) is a field.
-
ABC co. has the following data for the month ended January 31, 2021. ABC uses periodic inventory system and use LIFO method assumption: Date Units Unit cost or selling price 1/1 Beginning Inventory...
-
Evelyn and Carter have been married for 46 years. They are in their retirement and have 2 kids that are financially independent.They have five grandchildren, all under the age of 10. Carter is in...
-
1. Why breakdowns in stock correlation limit diversification benefits during crises (Treasury bonds are typically useful)? 2. Why stock diversification reduces unique risk but does not eliminate...
-
Is anything wrong with this code? If so, what? from statistics import mean a = statistics. mean ([12, 23, 34]) print (a)
-
Evaluate globalisation with a discussion on its merits and demerits by using your own examples.
-
FirstIn Company reported profit of $90,000 in 2016. When counting its inventory on December 31, 2016, the company forgot to include items stored in a separate room in the warehouse. As a result,...
-
How many years will it take a $700 balance to grow into $900 in an account earning 5%?
-
A farm grows wheat and produces pork. The marginal cost of producing each of these products increases as more of it is produced. a. Make a graph that illustrates the farms PPF. b. The farm adopts a...
-
In one hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. a. Calculate Sues opportunity cost of producing a cap. b. Calculate Tessas opportunity cost of producing...
-
In one hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. a. Calculate Sues opportunity cost of producing a cap. b. Calculate Tessas opportunity cost of producing...
-
Review the disclosures in the 10-K filed April 10, 2008. Which audit firm accepted IRIDEX as a new client following PwC's resignation? In what important ways does that audit firm differ from PwC?...
-
Are the two groups of users who are offered (i) a $150 phone credit, or (ii) a $10 pre-paid\ Visa card probabilistically equivalent? Why or Why not? (1 point)\ Question 2. Are the two groups of users...
-
Grimm, a student, is in the 4 0 % ordinary income tax bracket. He sold a business - use building for a $ 3 0 0 K gain, where half the gain is unrecaptured 1 2 3 1 , and the other half is a regular...
Study smarter with the SolutionInn App