Chapter 21 – Health Care
87. Which of the following is a law passed in the last 10 years relating to health care?
88. Health Savings Accounts (HSAs) implemented by the 2003 Medicare law:
89. What was the primary goal of the proponents of the Patient Protection and Affordable
Care Act?
Chapter 21 – Health Care
90. The employer mandate of the PPACA requires that:
91. Which of the following is a provision of the Patient Protection and Affordable Care Act?
Chapter 21 – Health Care
92. One of the provisions of the PPACA is a personal mandate that all individuals:
93. Which of the following is not one of the ways the PPACA attempts to cover the poor?
Chapter 21 – Health Care
94. Subsidies for those required to purchase health insurance under the personal mandate
provision of the PPACA are:
95. Insurance exchanges:
96. Which of the following provisions of the PPACA do proponents expect to reduce the
growth of health care spending?
Chapter 21 – Health Care
97. Which of the following is not one of the new taxes imposed under the PPACA?
98. Which of the following was not an objection raised by opponents of the Patient Protection
and Affordable Care Act?
99. (Consider This) The nuclear particle accelerators now used for cancer treatments are:
Chapter 21 – Health Care
100. (Consider This) The main focus of the story about nuclear particle accelerators used for
cancer treatments is:
101. (Last Word) Which of the following nations spends the least per person on health care?
102. (Last Word) Singapore encourages competition in its health care market by:
Chapter 21 – Health Care
103. (Last Word) Whole Foods Market’s personal wellness accounts for employees:
104. (Last Word) Indiana’s health care plan for state employees:
105. As a percentage of GDP, U.S. health care spending is higher than any other major
industrial country.
Chapter 21 – Health Care
106. The health care industry currently absorbs about 17 percent of U.S. gross domestic
product.
107. Health care costs in the United States have risen absolutely but remained constant as a
percentage of gross domestic product.
108. Rising health care costs have prompted workers to change jobs with greater frequency.
109. There is a consensus among economists that the amount of resources allocated to the
health care industry is optimal.
Chapter 21 – Health Care
110. Some employers have reacted to rising health care costs by hiring more part-time and
temporary workers.
111. About three-fourths of all health care costs are paid out-of-pocket by patients.
112. In 2008, some 46 million Americans did not have health insurance.
113. The demand for health care is highly elastic with respect to both price and income.
Chapter 21 – Health Care
114. Because of health insurance, resources are underallocated to the health care industry.
115. Technological progress in the health care industry has typically reduced costs and
increased supply.
116. Changes in the average age of the U.S. population over the past decade have decreased
the demand for health care.
117. Asymmetric information in the health care market has increased the supply of health
care.
Chapter 21 – Health Care
118. A moral hazard problem arises in the health care market because health insurance causes
people to overconsume health care.
119. Insurance companies use deductibles and copayments to control increases in the amount
of health care demanded.
120. Because employer payments for health insurance are not subject to income or payroll
taxes, government in effect provides a subsidy to health care.
121. Preferred provider organizations (PPOs) are a type of managed-care organization.
Chapter 21 – Health Care
122. The Federal government in 2006 enacted limits on “pain and suffering” awards on
medical malpractice lawsuits against physicians.
123. The Patient Protection and Affordable Care Act requires all firms to purchase health
insurance for their employees or pay a $2,000 fine.
124. The Patient Protection and Affordable Care Act prohibits insurance companies from
denying coverage to anyone on the basis of a preexisting medical condition.