Health economics exam - Study guides, Class notes & Summaries

A new treatment for 1,000 patients costs $1,000,000. The life expectancy of each patient who got the new treatment increased by 2 years. What is its cost per life year? correct answers$500 A surgeon charges $5,000 for a procedure. His contract with your insurer sets an allowed fee of 80 percent of charges. You are responsible for 25 percent of the allowed fee. correct answersYou pay $1,000 Healthcare spending rose from 12.1 percent in 1990 to correct answers17.2 percent in 2012 It costs...

What is health economics? correct answersApplication of various micro-economic tools to health issues and problems. Promotes a better understanding of health care problems so that corrective health policies can be designed and proposed. Health care resources correct answersMedical supplies (latex gloves), Personnel (Physicians, lab assistants), Capital inputs (hospitals), How does economics apply to health care? correct answersUncertainty: Patient Status, are we healthy or unhealthy? Do we...

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Why should we be concerned about the percent of GDP spent on healthcare? correct answers20% of GDP is spent on healthcare on healthcare. If you think about spending 20% of your paycheck on something, it is major and it matters. Production Function correct answersThe relationship between inputs and outputs Marginal Cost vs. Total cost correct answersthe change in the total cost that arises when the quantity produced is incremented by one unit Diminishing Returns correct answersIncrease a...

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Test Bank for Health Economics and Policy 8e 8th Edition by James W. Henderson. Full Chapters test bank are included PART I: The Relevance of Economics in Health and Medical Care. 1. U.S. Medical Care: A System at the Crossroads. 2. Health Care Spending Issues. 3. Health Care Markets: Can They Work? 4. Welfare Implications in Medical Markets. 5. Economic Evaluation in Health Care. PART II: Demand-Side Consideration. 6. Demand for Health and Medical Care. 7. Population Health. PART II...

Health Economics Exam With Correct Questions And Answers 2024