Question

The Health Care Cost Institute tracks health care expenditures for beneficiaries under the age of 65 who are covered by employer-sponsored private health insurance. What is the purpose of this tracking?

1) To analyze trends in health care costs
2) To provide data for government policy-making
3) To assess the impact of employer-sponsored health insurance
4) To compare health care expenditures across different age groups

Answer 1

The Health Care Cost Institute tracks health care expenditures for beneficiaries under the age of 65 who are covered by employer-sponsored private health insurance. The purpose of this tracking is to analyze trends in health care costs, provide data for government policy-making, assess the impact of employer-sponsored health insurance, and compare health care expenditures across different age groups.

Step-by-step explanation:

The purpose of tracking health care expenditures for beneficiaries under the age of 65 who are covered by employer-sponsored private health insurance, as done by the Health Care Cost Institute, is multipronged.

1. Analyzing trends in health care costs: By tracking health care expenditures over time, the institute can identify patterns and trends in the cost of health care, including factors that contribute to rising costs.
2. Providing data for government policy-making: The data collected by the Health Care Cost Institute can be used by the government to inform and shape health care policies and regulations.
3. Assessing the impact of employer-sponsored health insurance: The tracking helps evaluate how employer-sponsored health insurance affects health care costs and utilization.
4. Comparing health care expenditures across different age groups: The institute's tracking allows for a comparison of health care expenditures between individuals under 65 who are covered by employer-sponsored private health insurance across different age groups.