the goverment wants to to regulate helth insurance companies requairing them to provide insurance coverage not just for future health problems , but also for pre-exiting conditions. such a policyto succeed , it is important to make purchase of helth insurance compulsory for individual . it this true or false?explain your answer

Q: The twin, persistent problems of the U.S. health care industry are: O rapidly rising costs and…

A: The "Twin problems" which exists in the health care the U.S are its rising prices along with the…

Q: Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of…

A: The affirmative majority votes are one in which the majority of people vote ‘yes’ for some public…

Q: A higher opportunity cost of public funds implies... Select one: O a. Higher incentives for illegal…

A: In economics, opportunity cost refers to the amount of benefit obtained fo one good is sacrificed to…

Q: 1. (a) Explain the difference between adverse selection and moral hazard. (b) How can adverse…

A: Economics is a branch of social science that describes and analyzes the behaviours and decisions…

Q: Texas has chosen to not participate in which of the following parts of the Affordable Care Act? O a.…

A: 64. Before the Affordable Care Act, Texas had the highest uninsured rate in the country, and it…

Q: Demand (if insured) Price ($) Demand Supply (no insurance) 100 90 30 100 120 Quantity of Care…

A: Here looking the graph, it can be seen the equilibrium without the insurance is at the intersection…

Q: Problem 2. Consider the market for a covid19 vaccine. Suppose the marginal cost of producing the…

A: P=10+5Qs P=20-5Qd Government subsidy=$10

Q: . Distinguish between a private nuisance and a public nuisance. What type of remedy is likely to be…

A: m. Distinguish between private nuisance and public nuisance (1) Public Nuisance is a crime, as per…

Q: Consider a firm that has a 5% chance of a loss of 50 million dollars. If there is no loss, the firm…

A: Insurance: A contract in which an entity or an individual gets a claim for the loss arisen.

Q: 2.- Assume that consumers are uniformly distributed along a one-mile stretch of a beach. N ice cream…

A: Here, it is given that consumers are uniformly distributed along a one-mile stretch of beach.…

Q: 12 Demand elasticity and social loss. Consider two vaccines for different viruses X and 2. Assume…

A: Let us take vaccine χ as (X)   other Vaccine as (Y) for simplicity . Given ,  Vaccine (X) is more…

Q: (a) What would be the economically efficient number of wells? (Solve to the nearest multiple 10…

A: Answer a) The total revenue is the product of price per unit and total output sold. Therefore, the…

Q: 2. Suppose the equilibrium price for an average hospital stay in the absence of insurance is…

A: The moral hazard is an important issue faced by the insurance firms while issuing the insurance to…

Q: 2) Why the demand of generic drug is high both in the develop & developing world? Are the underlying…

A: 2. Generic drugs are useful in saving the lives of a huge number of poor people in developing…

Q: Explain why a market economy may or may not be an ideal solution for a healthcare system?…

A: Health economics is the study of health care providers, hospitals and clinics, managed care, and…

Q: A) Discuss health insurance contract?

A:

Q: What are economists most concerned with when determining the desirability of pollution abatement…

A:

Q: Under some conditions, command-and-control pollution standards could be just as good as a…

A: Cap and trade systems and command and control regulation both involve the limiting of emissions in…

Q: 4) You have seen how asymmetric information Can reduce the average quality of products sold in a…

A: When information about a product is available to the customer but not to the supplier, an asymmetric…

Q: What technologies have helped ensure access to water? How have these advances helped  efforts to get…

A: Q. What technologies have helped ensure access to water? How have these advances helped  Water is…

Q: 1. Which of the following may not raise money for the government? [A] Power of taxation [B] Police…

A: Since you have asked multiple questions, we will answer only 1st question. If you want some…

Q: S1, 52, S3 and S4 are UIUC students who just graduated. They each have a poster of Dolly Parton that…

A: Here, minimum willingness to sell of the just graduated student and maximum willingness to buy of…

Q: 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide…

A: Answer: The policy options that can correct negative externalities are given as: (1). Corrective…

Q: Explain, with the use of examples, the difference between public and private goods. a. Provide a…

A: The goods are of the two types namely: Public good and Private good. In a capitalist economy…

Q: What assumptions of the perfectly competitive marketplace are violated in medical markets? How does…

A: 1.  A competitive market is a market in which there are a large number of buyers and sellers selling…

Q: Define and give an example of a public good. Can the private market provide this good on its own?…

A:

Q: 2. Let the smoke emitted by a widget manufacturing plant is so bad that the welfare if people…

A: "Thank you for submitting the question.But,we are authorized to solve only 3 subparts.For, the…

Q: per year 26,000- 20,00- 10,c0- G= 9000- 5,00- Hours of elsure 1,2001,200 1.800 2.000 per year If the…

A: Macroeconomics: It refers to the part of economics under which decisions are made for the whole…

Q: What is the efficient level of insurance in Fig B? 2. O 0% O X% O Y%

A: Market equilibrium refers to the situation where demand and supply intersect each other

Q: QUESTION 19 Price setters takes on the insurance function and hence bears utilization risk have to…

A: (1).Price setters_____ Answer: provides services that can be differentiating from others such that…

Q: Ahmed is the owner of Muscat Tech, a startup located in AlI-Khoudh. He decided to pay his employees…

A: An IT manager draws flash drive for his personal use and argues that this is the tiny loss for a…

Q: Suppose the market for auto insurance is made of up two types of buyers: high-risk and low-risk.…

A: ANSWER   Suppose the market for auto insurance is made of up two types of buyers: high-risk and…

Q: Explain why does the government act as a producer of health insurance for certain population group?

A: Health care/insurance coverage is a kind of protection that covers clinical costs that emerge…

Q: b. How much moral hazard results from this type of insurance IF the supply curve is flat, that is,…

A: The moral hazard is an important issue faced by the insurance firms while issuing the insurance to…

Q: Consider a public good, G, that is shared by Consumer A and B. Each can purchase G at the price of…

A: Public good: It refers to the good that is available with the consumers with less cost. The public…

Q: Conversely, show geometrically the effect of a decrease in Price (i.e., BELOW the equilibrium…

A: Normally if price is below the equilibrium then it is automatically gets corrected by the market…