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MHA 710 HEALTH CARE ECONOMICS EXAM 1 ACTUAL 2024 EXAM COMPLETE 400 ACCURATE QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+$19.19
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MHA 710 HEALTH CARE ECONOMICS
EXAM 1 ACTUAL 2024 EXAM
COMPLETE 400 ACCURATE
QUESTIONS WITH DETAILED
VERIFIED ANSWERS /ALREADY
GRADED A+
A health insurance arrangement where individuals
have access to health care in exchange for a
premium is called - ....ANSWER...Third party payment
system
Suppose you are a politician being criticized in a
debate for your committment to reducing the growth
of medical spending. Which of the following is the
most appropriate response - ....ANSWER...Reducing
wasteful health care spending could provide
additional funding tot the education sector
The invisible hand refers to - ....ANSWER...market
forces working through the price mechanism
Assuming that providers will only accommodate
patient desires up to a point, what effect would a
binding price ceiling have on the healthcare market -
....ANSWER...quantity of healthcare supplied would
fall
Since ACA was passed there have been many efforts
to have the bill thrown out or watered down. One key
element of ACA was successful which was to -
....ANSWER...eliminate the tax penalty for the
individual mandate
Economists use the term marginal to describe costs
and benefits - ....ANSWER...that are incremental and
thus relevant to decision making
Which of the following does not contribute to
wasteful spending in medical care -
....ANSWER...price transparency
,Assuming providers will accommodate patient
desires, what effect would a binding price ceiling
have on the healthcare market - ....ANSWER...price
will decrease to adhere to the price ceiling and
quantity will increase
Which of the following measurements of hc spending
adjusts for the population size - ....ANSWER...per
capita
Charging higher prices for one category of patients
in order to provide free or subsidized care to
another group is called: - ....ANSWER...cost shifting
Even in the US, approximately, what percent of
medical care is purchased through insurance,
government programs or other third party insurers?
- ....ANSWER...90%
Self-insurance refers to the practice of setting aside
funds to pay for medical care expenses instead of
paying premiums to an insurance company.
Approximately, how many of all employees who
, participate in group insurance plans work for firms
that self insure - ....ANSWER...2/3
Since 1950, US healthcare spending has grown from
an average of 4.5% of GDP to an estimated X% of GDP
in 2020 - ....ANSWER...18%
Which of the following is not considered to be a
factor in the recent slowing of healthcare spending -
....ANSWER...growing the us GDP
Opportunity cost is a measure of -
....ANSWER...forgone opportunities and value based
on the alternative not chosen
The opportunity cost of investing in a new lithotripter
(a machine that pulverizes kidney stones with sound
waves) is - ....ANSWER...defined by the next best use
of the money invested in the equipment
By 2020, what was the forceasted percentage
amount of healthcare spending paid by individuals -
....ANSWER...10.4 %
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