USW11 Final Exam Review

USW11 Final Exam Review - USW11 Final Exam Review Efficient...

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USW11 Final Exam Review Efficient quantity of health care depends on: Preferences, Availability, Income and Cost- NOT price or copays In an economically efficient health care system, richer people consume more- TRUE It does not matter for the purpose of economic efficiency if people are charged more at the time of care or through copays- FALSE Spending is a measure of price and quantity Spending growth reflect growth in price and quantity Health care spending is rising as a growth of GDP Low spending levels always have lower levels of spending growth- FALSE Places with more PCPs, general practitioners, may have lower spending levels but not lower levels of spending growth The number one driver of spending growth is technology (ex. when prices of computers dropped, spending did not because of quantity) Two ways of controlling spending: Reduce spending levels, fundamentally change environment through payment reform (supply side) and benefit design (demand side). May limit access to care to control spending growth
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USW11 Final Exam Review - USW11 Final Exam Review Efficient...

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