2009final - HPAM8600: Health Economics UGA College of...

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Unformatted text preview: HPAM8600: Health Economics UGA College of Public Health Professor Angela Fertig Spring 2009 Name Final Exam 1. (15 points) Congress may consider a bill introducing a new public health insurance plan that would compete with existing private insurance plans. Explain how crowd out could be an impact of this policy. Be sure to discuss how crowd out could affect private insurers, hospital revenues, and the governments budget. 1 2. (15 points) If a US pharmaceutical company decides to offer a drug at its marginal cost to customers in Africa, are customers in the US affected by this decision? Show graphically. Would the pharmaceutical company make this generous offer if it did not have US customers? Explain your answer. 2 3. (16 points) Suppose that Sam has the opportunity for a treatment that will extend his life by one year with a probability of 0.9, by two years with a probability of 0.5, and by three years with a probability of 0.3. Sam will die with certainty after three years. Quality weight is 0.9 in year 1, 0.6 in year 2, and 0.2 in year 3. The discount rate is 5% per year. (a) What is the increased expected life-expectancy from this treatment? (b) What is the total number of QALYs from this treatment?...
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This note was uploaded on 01/18/2012 for the course HPAM 8600 taught by Professor Ferig during the Spring '11 term at University of Georgia Athens.

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2009final - HPAM8600: Health Economics UGA College of...

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