uestion 28)The twin economic problems of the U.S. health care industry are t

28)The twin economic problems of the U.S. health care industry are the A) rising health care costs and the declining quality of health care services. B) rising health care costs and the rising malpractice insurance costs.

C) rising health care costs and the moral hazard problem in health care services. D) declining rate of immunization rates and the rising malpractice insurance costs.

29)In the year 2010, the United States spent about

A)16 percent of GDP on health care.

B)100 percent of GDP on health care.

C)6 percent of GDP on health care.

D)2 percent of GDP on health care.

30)Currently less than ________ of all health care spending is paid by individuals. A) 60 percent.

B) 35 percent. C) 20 percent. D) 5 percent.

31)Which of the following is NOT a reason for the increase in health care costs? A) the aging of the population

B) the implementation of new technologies C) the increase in third party payments

D) the decrease in the fertility rate

32)The federal government and insurance companies are examples of third party A) payers for health care.

B) users of health care.

C) providers of health care. D) observers of health care.

33)Since the 1930s, out-of-pocket payments for health care have

A)declined from about 50 to 30 percent of total payments.

B)declined from about 95 to 20 percent of total payments.

C)declined from about 70 to 30 percent of total payments.

D)not changed and remain at 70 percent of total payments.

34)Which country has the highest per capita health care expenditures in the world? A) Canada

B) France

C) United States D) Japan

35)The health care market in the United States is characterized by

A)considerable government involvement.

B)third-party payment of health care costs.

C)asymmetric information between providers and consumers.

D)all of the above

36)Joseph decides to join the Big State University’s football team when he learns that his health insurance will pay for any subsequent injury. This illustrates

A) a moral hazard problem. B) monopolistic behavior.

C) a symmetric information problem. D) oligopolistic behavior.

37)A major benefit of a health savings account is that it

A)combats moral hazard.

B)means more health care services will be demanded.

C)eliminates rising health care costs.

D)creates the incentive to see a doctor regularly.

38) In insurance markets, moral hazard occurs when the behavior of

A)the insured person changes in a way that raises costs for the insurer, since the insured person no longer bears the full costs of that behavior.

B)the insurer changes in a way that raises costs for the insured person, since the insurer no longer bears the full costs of that behavior.

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