Day 1: Morning Supplement

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.title[
# Day 1: Morning Supplement
]
.subtitle[
## a quick survey to start us off
]
.author[
### Ian McCarthy | Emory University
]
.date[
### Econ 372
]

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**Among americans with employer-provided health insurance, what proportion accounts for about a fifth of the total medical spending?**

.pull-left[
  A.  12%
  
  B.  10%
  
  C.  6%
  
  D.  1%
]

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**Among americans with employer-provided health insurance, what proportion accounts for about a fifth of the total medical spending?**

.pull-left[
  A.  12%
  
  B.  10%
  
  C.  6%
  
  **D.  1%**
]

.pull-right[
A Kaiser Family Foundation survey found that 1.3% of people with health insurance through their employers accounted for 19.5% of spending (about $88,000 per person on average)
]

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**In 2020, what was the average cost of employer-provided health insurance for a family?**

.pull-left[
  A.  $16,450
  
  B.  $35,200
  
  C.  $21,350

D.  $12,500
]

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**In 2020, what was the average cost of employer-provided health insurance for a family?**

.pull-left[
  A.  $16,450
  
  B.  $35,200
  
  **C.  $21,350**

D.  $12,500
]

.pull-right[
KFF employer survey - average worker contribution was about $5,600
]

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**Not counting blood tests, drugs, or other treatments, the average cost of an ER visit in 2017 was $1,390. How much did this increase over the prior decade?**

.pull-left[
  A.  0.76%
  
  B.  7.6%
  
  C.  76%
  
  D.  176%
]

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**Not counting blood tests, drugs, or other treatments, the average cost of an ER visit in 2017 was $1,390. How much did this increase over the prior decade?**

.pull-left[
  A.  0.76%
  
  B.  7.6%
  
  C.  76%
  
  **D.  176%**
]

.pull-right[
Data from the Health Care Cost Institute show a cost of $503 in 2008.
]

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**What is the largest category of spending on health care in the U.S.?**

.pull-left[
  A.  Hospital services
  
  B.  Physician services
  
  C.  Prescription drugs
  
  D.  Nursing homes
  
  E.  Waste
]

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**What is the largest category of spending on health care in the U.S.?**

.pull-left[
  **A.  Hospital services**
  
  B.  Physician services
  
  C.  Prescription drugs
  
  D.  Nursing homes
  
  E.  Waste
]

.pull-right[
From CMS National Health Expenditure reports, we spent $1.2 trillion on hospital care in 2019 (about 31% of total spending). Prescription drugs, while growing at a faster rate, constitute less than 10% of total health expenditures.
]

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# What are we doing today?

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# Goals

- Motivate the study of health economics
- Review the class, assignments, etc.
- Become familiar with class website and Canvas page

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# Looking ahead

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# Outside of class

- Review the math practice problems on the class website
- Nothing to turn in
- No "weekly survey" this week