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exam 1 review questions (HMGT 3301). Top Exam Questions with accurate answers, rated A+
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exam 1 review questions (HMGT 3301). Top Exam Questions with accurate answers, rated A+ what percentage of people are covered by healthcare? - -90% what percentage of our GDP does healthcare represent - -18% how many people does the healthcare workforce employ? - -16.4 million how muc...

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  • February 21, 2023
  • 8
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • exam 1 review questions hmgt 3301 top exam questions with accurate answers
  • rated a what percentage of people are covered by healthcare 90 what percentage of our gdp does healthcare repres

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exam 1 review questions (HMGT 3301).
Top Exam Questions with accurate
answers, rated A+

what percentage of people are covered by healthcare? - ✔✔-90%



what percentage of our GDP does healthcare represent - ✔✔-18%



how many people does the healthcare workforce employ? - ✔✔-16.4 million



how much of the $3 trillion dollars spent on healthcare is considered fraud/waste/abuse of the system?
- ✔✔-$1 trillion (1/3)



how much does the US spend on healthcare research? - ✔✔-$200 billion



what does the quad-function model incorporate? - ✔✔-financing, insurance, delivery, payment



what is required to be eligible for Medicare? - ✔✔-at least 65 years old



who is Medicaid and CHIP for? - ✔✔-indigent, poor, children (based on NEED)



how many people are in Medicare? - ✔✔-50 million (15%)



how many people are in Medicaid? - ✔✔-about 75 million



what percentage do not have any health insurance? - ✔✔-10%

, how many people turn 65 every day? - ✔✔-10,000



what was the main objective of the ACA? - ✔✔-reduce the number of uninsured



who was the first president to drive some changes in healthcare? - ✔✔-Truman



what is premium cost sharing? - ✔✔-employer's requirement that their employees pay a portion of
health insurance cost



what is a downside of a national health system? - ✔✔-quality is not reaching high standards



what is the primary means to ensuring access to healthcare? - ✔✔-health insurance



what kind of market partially manages healthcare in the US? - ✔✔-free market



what is a moral hazard? - ✔✔-the idea that if you have insurance, you are probably going to consume
more healthcare



what is provider-induced demand? - ✔✔-artificial creation of demand by providers that enables them to
deliver unneeded services to boost their incomes



who are phantom providers? - ✔✔-practitioners who generally function in an adjunct capacity; the
patient does not receive direct services from them. *they bill for their services separately*, and the
patients often wonder why they have been billed



what is packaged pricing? - ✔✔-a bundled fee for a package of related services



what are the three parties of healthcare? - ✔✔-1. patient

2. provider

3. fiscal intermediary

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