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Solution Manual For Health Economics, 2013th Edition

Find textbook answers quickly with Solution Manual For Health Economics, 2013th Edition, a detailed solutions manual designed to make studying easier.

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2Demand for Health CareComprehension QuestionsIndicate whether the statement is true or false, and justify your answer. Be sureto cite evidence from the chapter and state any additional assumptions you mayneed.1. Unlike with most types of goods, deriving a demand curve for health care isquite simple because people rarely skimp on health care.FALSE.Just as with any good, deriving a demand curve for health care is dif-ficult because it requires information about how the same population wouldreact to different prices. This requires either parallel universes or, more real-istically, a randomized experiment.2. The RAND study was especially useful for measuring price elasticities be-cause it randomly assigned insurance plans to participants (as opposed toletting them choose).TRUE.Randomization ensured that the groups facing different prices werestatistically equivalent. That meant that any difference in demand betweengroups was attributable to price, not some other characteristic.3. The Oregon Medicaid Experiment is not truly “randomized” because lotterywinners did not all end up with insurance, and some lottery losers did endup with insurance.FALSE.Although the Oregon Medicaid Experiment was not exactly a con-1

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Subject
Economics
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Health Economics by Jay Bhattachary...

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