Chapter 24 – Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program
63. The presence of insurance, by partially insulating both consumers and providers from bearing
the full cost of the health care services provided, can create what economists have identified
as
A) adverse selection problems.
B) moral hazard problems.
C) third-party payer problems.
D) all of the options are correct.
64. In 2009, Medicare Part B premiums for single persons with incomes under $85,000 were
A) $115.40, with a deductible of $162.
B) $199.50, with a deductible of $350.
C) $248.00, with a deductible of $350.
D) $372.50, with a deductible of $500.
65. The Annual Reports of the Trustees of the Medicare Trust Fund are based upon projections
of
A) wages and interest rates.
B) fertility rates and life expectancies.
C) federal budget deficits and trade deficits.
D) wages and interest rates along with fertility rates and life expectancies.
66. Under current law, Part A of Medicare is financed by a payroll tax of
A) 2.90 % imposed upon employers.
B) 1.45% imposed upon employers and 1.45% imposed upon employees.
C) 2.90% imposed upon employees.
D) 6.60% imposed upon employers.
67. Under the most likely future scenario, the Medicare payroll tax would have to rise to
A) 3.30 % imposed upon employers.
B) 3.30% imposed upon employers and 3.30% imposed upon employees.
C) 6.60% imposed upon employees.
D) 6.60% imposed upon employers.