Which Is an Example of a Normative Economic Statement

question 9

Multiple Choice

Which is an example of a normative economic statement?

• A) The United States should have a single-payer health care system because there are 44 million people uninsured.
• B) People with more years of schooling live longer than people with fewer years of schooling.
• C) The government subsidizes the purchase of health insurance through our place of employment.
• D) People with below-average intelligence are more likely to get into car accidents.

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Definitions:

ICD-10-PCS

The International Classification of Diseases, Tenth Revision, Procedure Coding System; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the U.S.

More Than 68,000 Codes

Referring to the extensive number of diagnostic codes in the ICD-10 CM (International Classification of Diseases, 10th Revision, Clinical Modification).

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a coding system used to classify diagnoses, symptoms, and procedures for medical billing in the U.S.

Birthday Rule

A means to identify primary responsibility in insurance coverage; identifies the primary insurance carrier when children have coverage through more than one parent. The insurance of the parent with the birthday earliest in the year, month and day only, is identified as the primary insurer. If both parents have the same birth date, the policy that has been in effect the longest is the primary carrier.