Article Summary An Organisation for Economic Co-Operation and Development (OECD) Report

question 49

Multiple Choice

Article Summary
An Organisation for Economic Co-operation and Development (OECD) report states that administration costs for health care in the United States are the highest in the developed world, accounting for over 8 percent of spending in the health care sector, compared to a global average of about 3 percent. According to the report, expensive surgeries, high pharmaceutical costs, and corrupt practices increased global health care costs, and poor coordination between health care providers, duplication of tasks, and excessive time spent on paperwork all contributed to higher administrative costs. The report also noted that administrative costs are generally lower under government-managed health care systems than with private insurance, but governments could still significantly cut spending and improve patients' health.
Source: Alanna Petroff, "U.S. health care admin costs are double the average," money.cnn.com, January 11 2017.
-For a given level of compensation, the ________ a firm pays for your health insurance, the ________ it will pay you in wages.

• A)more; more
• B)less; less
• C)less; more
• D)Health insurance payments and wages are not related.

Identify the influences on character formation and moral judgment.

Be able to distinguish between different ethical theories and their implications for moral reasoning.

Understand the role of secular and religious ethics in shaping moral understanding.

Grasp the impact of education, leadership, and social traditions in transmitting ethics.

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Definitions:

Economic Activity

Pertains to the action of producing, buying, selling goods and services, and making money within an economy.

Anglo-Dutch War

A series of 17th and 18th-century conflicts between England (later Great Britain) and the Dutch Republic over trade dominance and maritime control.

Colonial Expansion

Colonial expansion involves the process by which a nation extends its sovereignty over territories beyond its borders, often through conquest or colonization, for various motives including economic gain and cultural spread.

Duke of York

A title traditionally bestowed upon the second son of the British monarch. The title has a lengthy history and has been held by various members of the British royal family.