State whether each of the following statements is true, false, or uncertain. The

Question

State whether each of the following statements is true, false, or uncertain. Then provide an explanation to justify your answers. 1. According to the Grossman model, other things equal, (a) a billionaire would be healthier than a blue-collar worker; (b) a university professor would be healthier than a high-school dropout. 2. Long-term insurane contracts is the best way to solre the problem of premium risk 3. A prospective reimbursement system is better suited for paying physicians than for paying hospitals.

Explanation / Answer

1) Option 'a' is uncertain. Though according to Grossman Biilionaire has more wealth than a blue collar worker, it depends on the investment made by two of them.

Option ‘B’ is True.

Because according to Grossman model highly educated people are less exposed to bad habits like smoking, drinking & are motivated towards following healthier instructions. According to Grossman Education improves health.

2) Statement is uncertain. Though it has shown good results but there are other methods to averse the problem of premium risk.

3) The statement is false. Because It depend on the situation & type of care provided.

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