13 Jan Analysts believe that Medicare’
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Question 1 of 40 5.0/ 5.0 Points
Suppose, in the figure above that the rate regulator imposes price I. In response, the monopolist will:
A. lower price and increase quantity, leading to increased consumer surplus.
B. increase price and decrease quantity, leading to decreased consumer surplus.
C. keep quantity the same and accept reduced profits.
D. cease producing the good.
Question 2 of 40 5.0/ 5.0 Points
The Hawaii’s Keiki (Child) Care insurance program was halted because:
A. the program apparently crowded out other insurance coverage.
B. the program turned out a large and lucrative revenue flow.
C. there was extensive fraud in the program.
D. there were not personnel available to run the program.
Question 3 of 40 5.0/ 5.0 Points
Prospective payment generally reimburses hospitals at a/an: ?
A. sliding rate based on the hospital’s profitability.
B. increasing rate depending on the length of stay.
C. decreasing rate depending on the length of stay.
D. fixed rate.
Question 4 of 40 5.0/ 5.0 Points
Under the Patient Protection and Affordable Care Act, passed in 2010:
A. all residents will get health insurance by 2013.
B. all residents will get health insurance by 2016.
C. about 32 million of the 50 million uninsured (in 2010-2011) will get health insurance by 2020.
D. There is no firm timetable for universal health insurance.
Question 5 of 40 5.0/ 5.0 Points
Medicaid is particularly attractive to the states because:
A. it provides additional funds for the purchase of services for the poor.
B. it effectively raises the price per unit of medical care to the poor.
C. it increases the size of state governments.
D. the federal government pays for and provides specific guidelines as to how the money is allocated.
Question 6 of 40 5.0/ 5.0 Points
Medicare Part D provides improved coverage focusing on:
A. nursing home care.
B. pharmaceutical expenditures.
C. chronic illness.
D. managed care.
Question 7 of 40 0.0/ 5.0 Points
In the figure above, the welfare loss of monopoly is triangle: ?
A. ABC.
B. CDE.
C. EFG.
D. AIJ.
Question 8 of 40 5.0/ 5.0 Points
Analysts believe that Medicare’s share of GDP will rise because:
A. of increased numbers of beneficiaries.
B. of decreased costs per beneficiary.
C. of fraud in the Medicare system.
D. Medicaid is being phased out.
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