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