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Exam (elaborations)

HCM 320 (questions well answered)graded A+

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  • HCM 320

HCM 320 (questions well answered)graded A+

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  • August 28, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HCM 320
  • HCM 320
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HCM 320

The Affordable Care Act (ACA) is a complex law that has multiple provisions. The ACA was passed by
congress and signed into law on March 23, 2010. Which of the following is a major provision that is
focused on reshaping the healthcare sector?



-A reform in payment methodologies including bundled payments, medical homes, and accountable care
organizations.



-Reducing Medicare spending by establishing penalties for readmission rates, reducing payments,
incentivizing quality improvements, and establishing an advisory review board.



-Expanding insurance coverage by way of regulations, subsidies, and encouraging state and federal
insurance marketplaces



-All of the above - correct answer ✔✔All of the above



The study of healthcare economics includes which of the following microeconomic factors that impact
the decision-making process of the healthcare manager?



-Unemployment



-Supply, demand, and price



-Access to care



-Demographics - correct answer ✔✔Supply, demand, and price



Which of the following is a goal of the Institute for Healthcare Improvement Triple Aim Theory?

, -Improving the experience of care



-Improving population health



-Reducing healthcare costs



-All of the above - correct answer ✔✔All of the above



Which of the following is one of the most significant problems facing the U.S. healthcare system in
comparison to other countries, causing the need to transform the healthcare industry?



-An aging population




-High per capital costs




-Regulation




-Unemployment - correct answer ✔✔High per capital costs



True or false: Perfectly competitive markets lead to efficient production and consumption. - correct
answer ✔✔True



Which of the following would lower costs?

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