Question

Singapore's health care system includes the following major elements, except

Multiple Choice

• government mandates designed to promote competition on price and quality among health care providers.

• high out-of-pocket costs to consumers.

• laws requiring people to save for future health expenditures.

• a national health insurance plan for its citizens provided by the government.

The experiences of Singapore, Whole Foods Markets, and the State of Indiana all point to one major factor that could reduce, if not eliminate, overconsumption of health care. And that is

Multiple Choice

• reducing the coverage of insured illnesses.

• high out-of-pocket costs to consumers.

• raising the health-insurance premiums.

• privatizing health insurance.

Refer to the graph. If the Lorenz curve shifted from (d) to (b), then the Gini ratio and the degree of income inequality would

Multiple Choice

• increase.

• decrease.

• remain constant.

• become negative.

Answer 1

Answer 1:

Option B. Singapore's health care system includes the following major elements, except high out of pocket cost to consumers. The health care system does not involve high out of pocket cost to consumers.

Answer 2:

The experiences of Singapore, Whole Foods Markets, and the State of Indiana all point to one major factor that could reduce, if not eliminate, overconsumption of health care is raising the health-insurance premiums. If the premium is raised then people become cautious about their health.