Test Bank for Health Economics and Policy, 8th Edition by James W. Henderson
39 views 2 purchases
Module
Health Economics
Institution
Health Economics
Test Bank for Health Economics and Policy 8e 8th Edition by James W. Henderson. Full Chapters test bank are included
PART I: The Relevance of Economics in Health and Medical Care.
1. U.S. Medical Care: A System at the Crossroads.
2. Health Care Spending Issues.
3. Health Care Markets: Can The...
Chapter 01: U.S. Medical Care: A System at the Crossroads
1. Charging higher prices for one category of patients in order to provide free or subsidized care to another group is
called:
a. price discrimination.
b. cost shifting.
c. categorical costing.
d. reprehensible and unethical.
e. creative accounting.
ANSWER: b
FEEDBACK: a. Incorrect. Cost shifting is the practice of charging higher prices to one group of
patients, usually those with private health insurance, in order to subsidize the
care of those whose payments do not cover the fully allocated cost of the care
they receive.
b. Correct. Cost shifting is the practice of charging higher prices to one group of
patients, usually those with private health insurance, in order to subsidize the
care of those whose payments do not cover the fully allocated cost of the care
they receive.
c. Incorrect. Cost shifting is the practice of charging higher prices to one group of
patients, usually those with private health insurance, in order to subsidize the
care of those whose payments do not cover the fully allocated cost of the care
they receive.
d. Incorrect. Cost shifting is the practice of charging higher prices to one group of
patients, usually those with private health insurance, in order to subsidize the
care of those whose payments do not cover the fully allocated cost of the care
they receive.
e. Incorrect. Cost shifting is the practice of charging higher prices to one group of
patients, usually those with private health insurance, in order to subsidize the
care of those whose payments do not cover the fully allocated cost of the care
they receive.
POINTS: 1
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: 1-1a - Emergence of the Modern Medical System
DATE CREATED: 1/24/2022 3:04 AM
DATE MODIFIED: 2/9/2022 7:28 AM
2. In the 1960s, individuals paid for the majority of their medical care out of pocket. Increased insurance coverage, both
private and public, displaced out-of-pocket spending as the primary source of payment. By 2020, what was the forecasted
percentage amount of health care spending paid by individuals?
a. 6 percent
b. 10.4 percent
c. 11.6 percent
d. 17.4 percent
e. Whatever amount we are currently spending
ANSWER: b
FEEDBACK: a. Incorrect. The amount that individuals paid out of pocket for health care
expenditures declined from 17.4 percent in the 1960s to a forecasted 10.4
percent in 2020, according to Centers for Medicare and Medicaid Services
(CMS.gov).
b. Correct. The amount that individuals paid out of pocket for health care
. Page 1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £24.07. You're not tied to anything after your purchase.
