Define burden of medicaid funding on individual states

Assignment Help Microeconomics
Reference no: EM131774528

Question: Placing the burden of Medicaid funding on individual States: Unfortunately there is a correlation between unemployment rates, low wages, drug addiction, poor health due to poor nutrition, single-parent families and unstable families, no insurance coverage and inadequate health care all of the social ills, in other words cluster together, and they cluster regionally.

The States that are most stressed to provide Medicaid benefits are also those who find it most difficult to raise the needed funds by taxation.

There is a serious question as to how much of the burden of health care insurance subsidies should be handled State by State, and how much is the responsibility of all US citizens and should be paid for by federal taxes.

Our federal government and our States feel burdened by budget deficits, but it is clear that without these subsidies there are large regions of the country where the people will not be able to afford health insurance nor the fines for opting out of health insurance.

What do you think is a fair distribution of cost when it comes to health care for the US population?

Reference no: EM131774528

Questions Cloud

Weaknesses of traditional activity-based costing : Analyze the major benefits and major weaknesses of traditional Activity-Based Costing (ABC) in determining accurate overhead cost over a time-driven
Compute marie taxable income : Compute Marie's taxable income for 2010, assuming she is single and claims two dependent children
Workplace diversity and atmosphere : As the world economy continues to become more and more global, and workplaces have grown increasingly diverse,
Compute the simple rate of return for the new oven : Purchasing a large oven and related equipment for mixing and baking "crazy bread" is being considered by Perotti's Pizza.
Define burden of medicaid funding on individual states : Placing the burden of Medicaid funding on individual States: Unfortunately there is a correlation between unemployment rates, low wages, drug addiction.
What is the amount of their itemized deductions : Duke and Pat Collins have adjusted gross income of $500,00 for 2010. What is the amount of their itemized deductions
Workplace health and safety procedures : Workplace health and safety procedures are necessary for the well-being of both employers and employees.
Compute the machine irr : The machine would have a twenty-year useful life with no expected salvage value. (Ignore income taxes.) (Hint: Use Microsoft Excel to calculate the discount
Prepare the income statement of redmon consulting : Prepare the income statement of Redmon Consulting for the month ended December 31, 2007. List expenses in decreasing order by amount

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd