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LSUS MHA 710 Economics Exam 3 Questions With Correct Answers. $10.49   Add to cart

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LSUS MHA 710 Economics Exam 3 Questions With Correct Answers.

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  • LSUS MHA 710
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  • LSUS MHA 710

LSUS MHA 710 Economics Exam 3 Questions With Correct Answers. Which of the following characteristics is true of the pharmaceutical industry? - answerExclusive rights to market & sell patented products. The tax fully dedicated to provide support for Medicare Part A is: - answerA 2.9 percent pay...

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  • October 18, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSUS MHA 710
  • LSUS MHA 710
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sirjoel
©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM



LSUS MHA 710 Economics Exam 3
Questions With Correct Answers.


Which of the following characteristics is true of the pharmaceutical industry? -

answer✔Exclusive rights to market & sell patented products.


The tax fully dedicated to provide support for Medicare Part A is: - answer✔A 2.9 percent

payroll tax paid by all workers, regardless of their age.

Several reform options have been discussed by Congress to solve some of the structural

problems that plague the program. Which of the following options has received little support? -

answer✔Limit the coverage for end-of-life care, the most expensive single item in Medicare, to

include only essential palliative care.


Part B pays what percentage of the allowable fee set by Medicare? - answer✔80 percent.


Which of the following statements is true concerning the trend in community hospital care

between inpatient & outpatient services since the mid-1980s? - answer✔Outpatient services have

been growing, while inpatient services have been declining.

On average, biopharmaceutical companies spend approximately what percentage of their sales

revenue on research & development? - answer✔5-10 percent.

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


In 2019, Medicare covered approximately how many Americans? - answer✔60 milllion.


What was the main effect of the agreement on Trade-Related Aspects of Intellectual Property

Rights (TRIPS) on United States' domestic policy? - answer✔It extended the life of patents from

17 years from the date of grant to 20 years from the date of application.

Suppose the market for nursing services in a local community is so dominated by a single

community hospital that, for all practical purposes, it is considered a monopsony. Using the

diagram below, answer the question.

If the market were perfectly competitive instead of dominated by a monopsonist, what would the

equilibrium wage & level of employment be? - answer✔W1 & E1.


In order to be a successful price discriminator, a provider must have a degree of market power

(depicted by a downward-sloping demand curve) & meet what other condition(s)? -

answer✔Markets must be segmentable, identifying differences in ability to pay.


The merger of 2 community hospitals located in the same geographic market is called: -

answer✔Horizontal integration.


One of the primary reasons that costly technology is being introduced into the health care system

is: - answer✔Third-party insurance finances most of the cost of care.

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