Question 1:

Assume that telehealth has impacted supply of (Increase) and demand (Increase) for medical care the way you predicted in the previous questions. What will happen to the price of medical care in this market? (Choose one answer)

A. Increase

B. Decrease

C. No Effect

D. Not enough information

Question 2:

A politician from your home state has proposed a new law that would set a maximum fee that could be paid to physicians, below what is typically paid today. With reference to the Iron Triangle, describe one potential positive effect and one potential negative effect of this policy. Answer and briefly explain in 2-4 sentences.

Question 3:

Which of the following policies would be most relevant to dealing with adverse selection? (Choose one answer)

A. A legal requirement that everyone maintain insurance coverage

B. Tying out of pocket costs to the value of care

C. Evidence-based care guidelines

D. Publicly reporting health care prices

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