MHA 710 HEALTHCARE ECONOMICS
EXAM 2024 ACTUAL EXAM
COMPLETE 250 ACCURATE
QUESTIONS WITH DETAILED
VERIFIED
On average, biopharmaceutical companies spend
approximately what percentage of their sales
revenue on research and development?
a. 25-30 percent
b. 5-10 percent
c. 20-25 percent
d. 15-20 percent
e. 10-15 percent - ....ANSWER...15-20 percent
Which benefits are provided through Part A of
Medicare?
a. Medicare Advantage (MA)
b. Medical hospital insurance
c. Outpatient prescription drug insurance
,d. Supplemental medical insurance -
....ANSWER...Medical hospital insurance
For Part A coverage of Medicare, the patient pays a
deductible approximately equal to the cost of the
first day in the hospital; Medicare pays
a. for days 2-30.
b. for days 2-60.
c. for days 2-90.
d. for the remainder of the hospital stay, however
long it may be.
6. - ....ANSWER...for days 2-60
Participation in Part B of Medicare is
a. applicable to supplemental hospital payments.
b. applicable to nursing home stays
c. voluntary.
d. involuntary.
e. none of the above. - ....ANSWER...voluntary
Which of the following services is covered under
Part B of Medicare?
,a. Dental care
b. Days 2 through 60 of a hospital stay
c. Emergency room services
d. The first day of a hospital stay -
....ANSWER...Emergency room services
How do individuals enroll in Part A of Medicare?
a. Individuals must first enroll in Part B in order to
be considered for Part A.
b. Individuals are automatically enrolled on their
65th birthday as long as they or their spouse has
paid into the Social Security system for 10 years.
c. Enrollment is based on physician
recommendation.
d. Enrollment is voluntary and must be requested
through the Centers for Medicare and Medicaid
Services (CMS). - ....ANSWER...Individuals are
automatically enrolled on their 65th birthday as long
as they or their spouse has paid into the Social
Security system for 10 years.
Medicare and Medicaid were enacted by the Johnson
administration in 1965 as amendments to which
federal law already in existence?
, a. Employee Retirement and Income Security Act
b. Welfare Act of 1960
c. Social Security Act
d. Managed Care Act
e. Equal Rights Act - ....ANSWER...Social Security Act
Price controls are a common feature in the
pharmaceutical industry in most developed
countries. Which one of the following statements
about price controls is true?
a. Canada's use of price ceilings has become the
standard practice across Europe.
b. The United States is the only major country that
relies strictly on market pricing and refuses to use
price controls of any kind.
c. Generic competition is more common in countries
with strict price controls.
d. Most developed countries use similar methods to
control prices in pharmaceutical markets.
e. Countries with the most stringent price controls
do the least research.
Feedback - ....ANSWER...Countries with the most
stringent price controls do the least research.
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