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Answer Exercises 2.2, 2.4, 2.10 (pages 33-43) and Exercises 3.4, 3.9 (page 53-54

by | Aug 25, 2022 | Economics | 0 comments

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Answer Exercises 2.2, 2.4, 2.10 (pages 33-43) and Exercises 3.4, 3.9 (page 53-54). Use evidence from the reading to support your answers.
You will answer the following questions:
2.2: Can you think of any initiatives that reflect the input view of healthcare?
2.4: Americans spend more on smartphones than the citizens of other countries do, yet this type of spending is seldom described as a problem. Why is spending more on healthcare different?
2.10: Your accountants tell you that the cost to set up an immunization program at a preschool and immunize one child against polio is $400. The cost to immunize 20 more children is $460 more. What is the cost per child for the first child? What is the cost per child for these additional 20 children? What is the average cost per child? What concepts do these calculations illustrate?
3.4: Should health insurance continue to be employment-based for most Americans?
3.9: You have incurred a medical bill of $10,000. Your plan has a deductible of $1,000 and coinsurance of 20 percent. How much of this bill will you have to pay directly? Hint: 20% is off the remaining medical bill cost after deductible and total paid.

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