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The US Health Care System/US Insurance Exam Bundle Rated A+

Exam (elaborations) Accident and Health Insurance, Laws and Rules Pertinent to Insurance Exam Questions with Latest Update Exam (elaborations) Health Policy Units 2-5 2024 Exam Questions with Correct Answers Exam (elaborations) Chapter 14 The Health Care System of the United States Exam Questi...

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Why is the US Healthcare so expensive & Principles of Health Insurance Exam Questions and Answers

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Do people in the US utilize health services more? - ANSWER-NO Do we pay more for those services? - ANSWER-Yes What males prices so high? - ANSWER-- Do we have more speciality physicians? No -Physicians Salaries? Kind of - Administrative costs? Kind of what is Insurance? - ANSWER-- The po...

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Washington Laws and Rules Pertinent to Insurance Exam Questions with Latest Update

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Violations of US Code Title 18 section 1033, may result in - ANSWER-Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) - ANSWER-Nonresident producer Before a producer may sell, solicit, or negotiate insurance fro...

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US Insurance Exam Questions with Correct Answers

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Which of the following role(s) does Medicaid contribute in our health care system? A Health insurance coverage. B Assistance to Medicare beneficiaries and state capacity for health coverage. C Long-term care assistance. D Support for health care system and safety-net. E All of the ab...

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US Healthcare Exam Test Guide Questions and Answers

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How many Americans are uninsured? - ANSWER-50.7 million, or 16.7% List 5 characteristics that differentiate the US Healthcare system from others. - ANSWER-No central agency governs a system Access is selective and based on insurance Health care offered under imperfect market activity Third par...

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US Healthcare Ch. 1-6 Exam Questions with 100 % Correct Answers

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How many Americans are uninsured? - ANSWER-50.7 million, or 16.7% List 5 characteristics that differentiate the US Healthcare system from others - ANSWER-Choose 5 from the 10 : No central agency governs a system, access is selective and based on insurance, health care offered under imperfect mark...

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US Health Policy Exam Questions with Latest Update

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Access to care as a first step to reduce health disparity: - ANSWER-health care as a private consumer good in America Before the 1940's: - ANSWER-- few people had private health insurance -Blue Cross and Blue Shield developed offering public health insurance -during WWII: price and wage cont...

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U.S. Health System Exam Questions and Answers

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Medicare - ANSWER-Elderly, disabled Medicaid - ANSWER-Unemployed and uninsured, poor women with children SCHIP - ANSWER-State's Children Health Insurance Program, children in poverty Veterans Administration - ANSWER-War veterans TRICARE - ANSWER-For the active military personnel and ret...

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U.S. Health Insurance Quiz Exam Questions and Answers

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A patient gets a hip replacement but needs a few weeks of specialized rehabilitation care outside of a hospital before going home. What is this called? - ANSWER-Post-acute care Most people who lack health insurance are unemployed. - ANSWER-False A health insurance company wants its patients to...

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U.S. and Global Economics Insurance Exam Questions and Answers

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Which is the last step of a cost-benefit analysis? - ANSWER-See if the benefits outweigh the costs. People come to different decisions using cost-benefit analysis even under the same conditions because costs and benefits are both what? - ANSWER-Subjective What is one of the monetary benefits o...

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The U.S. Private Health Insurance Market Exam Questions with Latest Update

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The Patient Protection and Affordable Care Act (ACA) was signed into law in March of ____________. Also known as ________________________. - ANSWER-2010, Obamacare True or false: The Affordable Care Act is the most significant U.S. health care reform since 1965 when Medicare and Medicaid were cr...

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SWK Policy Chap 10 Exam Questions with Latest Update

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The primary reason why millions of Americans lack health insurance is - ANSWER-the cost of insurance is too high Most Americans who have health insurance - ANSWER-get it through employer-based programs The reasons health care costs in the U.S. are so high include - ANSWER-the cost of prescript...

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Quiz 4 Healthcare Delivery in the U.S. Exam Questions with Latest Update

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Why was health insurance developed? - ANSWER-To provide financial protection to an employee in the event they required health care. Most insurance policies require a monetary contribution from the covered individual which is called a: - ANSWER-co-payment, deductible, and co-insurance. The Flex...

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Public Health Insurance in the US Exam Questions with Correct Answers

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What are the 2 main categories of health insurance? - ANSWER-private insurance, public insurance Public insurance programs are ___programs - ANSWER-categorical programs Medicare criteria are set at a _____ level - ANSWER-federal level Public insurance services are provided mostly through wh...

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Private and Public Insurance in the United States Exam Questions and Answers

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Two general categories of health insurance in the United States: - ANSWER-Private Government/Public Health Insurance Three types of Private Insurance: - ANSWER-Indemnity or Traditional Fee-or-Service Insurance Managed-Care Insurance Consumer-directed Health Plans Indemnity or Traditio...

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Life insurance (Evolution of Industry) Exam Questions with Correct Answers

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1868-Paul v. Virginia - ANSWER-This case, which the U.S. Supreme Court decided, involved one state's attempt to regulate an insurance company domiciled in another state. The Supreme Court sided against the insurance company, ruling that the sale and issuance of insurance is not interstate commerce,...

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Life and Health Insurance Pre-Licensing Exam Questions with Complete Solutions

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An agent has committed an insurance crime that violates US Code 1033 (interstate commerce). Who would be responsible for the prosecution of this crime? - ANSWER-US attorney general An agent's appointment may only be terminated by the - ANSWER-insurer Long-term care insurance applications MUST...

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Lecture 7 Historical Development of US Health Insurance Exam Questions and Answers

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The first health plans in the U.S. were designed to __ ___for loss of income when an accident or illness caused extended disability, rather than to ___ ___ for medical expenses because physicians' abilities to treat or cure illnesses were very limited before 1900. - ANSWER-compensate workers reimb...

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Laws and Rules OHIO Life & Health Insurance XCEL Exam Questions with Correct Answers

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maximum benefits - ANSWER-upper limit of total lifetime benefits that the insurance company will pay Misrepresentation - ANSWER-falsifying terms, benefits, advantages, or conditions of insurance policy defamation - ANSWER-publishing information that is false and maliciously critical to an insu...

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Intro to U.S. Healthcare Exam Questions with Correct Answers

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In the National Health Insurance model, health care is provided by the private sector and financed by non-profit sickness funds (insurers) T/F - ANSWER-T W Compared to other nations, the U.S. uses a larger share of its economic resources for health care T/F - ANSWER-T The postindustrial...

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Insurance History and U.S. Healthcare Exam Questions with Latest Update

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Provide a brief history of U.S. healthcare - ANSWER-Prior to WWII, most expenses were paid out-of-pocket by the consumer (including cash payments and bartering of goods/services). During WWII, the government imposed caps on wages paid to civilian workers due to civilian and military manpower shortag...

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HSCC 311 module 6 Exam Questions and Answers

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About half of US adults are insured through: - ANSWER-Their employers The health insurance program that covers Americans aged 65 and older is: - ANSWER-Medicare Medicare plans that are administered by private insurance companies are part of: - ANSWER-Medicare Advantage Doctor groups that co...

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History of Health Insurance in the U.S. Exam Questions and Answers

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The "Progressive Era" - ANSWER-Around 1900 Changes in workers' compensation laws - ANSWER-— 32 states enacted WC insurance, saying that if employers purchased insurance, they could retain negligence defenses — Employers viewed as a way to increase payouts, but reduce overall (legal) costs...

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Health Insurance in US Exam Questions with Correct Answers

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Explain a "fee-for-service" arrangement between patient and doctor - ANSWER-money would go straight from patient to doctor Before the invention of health insurance plans, "mutual benefit" was a principle that many communities followed for health emergencies. Explain the notion of mutual benef...

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Health Care in the US Final Exam Questions with Complete Solutions

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Most Americans receive their insurance coverage through their employers. - ANSWER-True It is fair to say that the US health care system is massive, complex involving multiple players & payers and easily accessible - ANSWER-False The Quad function model is a type of health insurance program - A...

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Health Care in the US Exam Questions with Correct Answers

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Health care is a mix of 4 basic functional components: - ANSWER-financing, insurance, delivery, payment The gov finances public insurance through these 3 organizations - ANSWER-Medicare, Medicaid, CHIP An acceptable healthcare delivery system should have 2 primary objectives: - ANSWER-1. It mu...

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FMHC-1 US Health Insurance Exam Questions and Answers

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What are the 6 main functions of health insurance in the US? - ANSWER-1. financial protection for catastrophic health events*** access for small usage fees 3. negotiating health services 4. enhancing and ensuring the quality of clinicians and hospitals 5. nudging individuals toward staying hea...

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Florida Laws and Rules Pertinent to Insurance Exam Questions with Complete Solutions

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Insurance companies that are organized in countries outside the United States are referred to as? Alien. (An insurance company that is organized or chartered in a country other than the United States is defined as alien.) - ANSWER- A life insurance policyowner may sell their policy to a(n) ____...

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Comprehensive Health Insurance Practice Quiz Questions and Answers

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Which of the following criteria apply to Medicare eligibility? - ANSWER-Age 65 or older Which of the following healthcare programs is available for members of the uniformed services, their families, and survivors, and retired members and their families? - ANSWER-TRICARE Medicare Part _______ i...

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Chapter 8 Health Care in the US Exam Questions and Answers

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Blue Cross/Blue Shield - ANSWER-designed to protect doctors and hospitals; fee-for service insurance In terms of BSBS, what is community rating? - ANSWER-each person charged based on average risk of entire community Health Maintenance Organizations (HMOs) - ANSWER-designed to provide affordabl...

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Ch5 Life Underwriting (US Insurance) Exam Questions with Verified Answers

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An insurance company may NOT reject a prospective insured's life application on the basis of which of the following factors? - ANSWER-Gender ABC Insurance Company has accepted a life insurance application which contains unanswered questions. The company then makes the application part of the lif...

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CAS Exam 6US - US Insurance Regulation Exam Questions with 100% Correct Answers

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Paul vs. Virginia - ANSWER-1) Affirmed states rights to regulate insurance 2) VA agent Paul was trying to represent NY clients National Insurance Convention Goals - ANSWER-1) Establish regulatory goals 2) Uniform accounting statement 3) Guidelines for taxation 4) Draft model law Early Issu...

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Arizona laws and rules Insurance Exam Questions with Verified Answers

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Security laws passed by Congress are enforced by which Federal agency? - ANSWER-Security and Exchange Commission If a life insurance applicant is shown future premiums are to be paid out of non-guaranteed values, the illustration used in the sales presentation MUST - ANSWER-disclose that premium ...

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American Income Life Insurance Exam Questions with Verified Answers

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The ceding company - ANSWER-Which is an insurance company that transfers risk to another company called? No capital stock - ANSWER-What is a trademark of a mutual insurer? A statement that is guaranteed to be true. - ANSWER-What is a warranty? An invitation to make an offer. - ANSWER-What i...

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American Healthcare Insurance Coverage Exam Questions with Complete Solutions

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US Population size - ANSWER-over 300 million US health care spending - ANSWER-$2.7 trillion What percent of GDP do we spend on healthcare - ANSWER-17% How much per person do we spend on Healthcare? - ANSWER-$8,000 US healthcare spending is how much more than every other country? - ANSWER...

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US Health Care Systems Exam Questions with Correct Answers

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T/F: Will the ACA change the private/public systems of paying for health care - ANSWER--True What is the predominate source of health insurance to working Americans - ANSWER--Employer-based health insurance What is the evolution of health care payment sources - ANSWER--evolved from out-of-pock...

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The US Health Care System and US Education Policy Exam Q& A

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What is the general state of America's health-care system? How does ours compare to other similar countries? - ANSWER-The healthcare system in America is much more complex compared to other systems around the world. Americans also pay the most for healthcare yet our health outcomes are not good! We...

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New Jersey Laws and rules exam questions with correct answers

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An agent is required to keep replacement forms on file for at least ____ years. - ANSWER-5 Maria the agent would like to advertise an annuity product on a highway billboard. which of the following must be included in the advertisement? - ANSWER-Her name Employer sponsored group health insuranc...

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INSURANCE FUNDAMENTALS EXAM QUESTIONS AND ANSWERS

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Which of the following is NOT a hazard? - ANSWER-A fire started in a waste basket. Which of the following is the PRIMARY source of information used by insurance companies during the underwriting process? - ANSWER-The application for insurance An insurance contract must comply with the "Princi...

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Government in America, Chapter 17 Exam Questions and Answers

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Health Maintenance Organization - ANSWER-Organization contracted by individuals or insurance companies to provide health care for a yearly fee. Medicare - ANSWER-A program added to the Social Security system in 1965 that provides hospitalization insurance for the elderly and permits older America...

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CHAPTER 11 US HEALTH CARE EXAM QUESTIONS WITH COMPLETE SOLUTIONS

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Which of the following entities is NOT reimbursed by most medical health insurance companies? - ANSWER-Consumer Which of the following is NOT a classic principle of insurance? - ANSWER-Service is desirable by the patient. Who is the gatekeeper under managed care and prospective payment systems...

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Chapter 15 Insurance Companies Exam Questions with Correct Answers

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Insurance Companies (IC's) - ANSWER-the primary function of insurance companies is to compensate policyholders if a pre specified event occurs, in exchange for premiums paid -sell a variety of investment products similar to other FI's insurance underwriters - ANSWER-assess and price risk in...

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Chapter 8 Texas Laws and Rules Pertinent to Insurance Exam Questions and Answers

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What is the MINIMUM benefit period that must be offered by a long-term care policy? - ANSWER-12 months Under Texas insurance law, the term "transacting business" includes - ANSWER-collecting premiums Which Unfair Trade Practice involves an agent telling a prospective client that a policy's ...

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Chapter 14 The Health Care System of the United States Exam Questions with Latest Update

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In terms of access and outcomes... - ANSWER-US health care is less than effective US healthcare spending - ANSWER-more than any other country; >47million people w/out health insurance What is a large component of US health care system? - ANSWER-profit-making What accounts for the largest...

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Health Policy Units 2-5 2024 Exam Questions with Correct Answers

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Which of the following is an experiment that tells us about the impact of health insurance on health care or health? RAND Health Insurance Experiment Oregon Health Insurance Experiment Accelerated Benefits Demonstration all of the above - ANSWER-all of the above True or false: The U.S...

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Accident and Health Insurance, Laws and Rules Pertinent to Insurance Exam Questions with Latest Update

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Which term refers to insurance written on the interests of the licensee, the licensee's employer, or the licensee's immediate family? - ANSWER-Controlled Business Which of the following is considered to be a prohibited business practice - ANSWER-Failing to submit premiums to an insurer A pro...

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