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MHA 707 Study Guide for Exam 3 Questions and Answers (Latest Update 2024) 180 Questions
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MHA 707 Study Guide for Exam 3 Questions and Answers (Latest Update 2024) 180 Questions
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MHA 707 Study Guide for Exam 3Questions and Answers (Latest Update
2024) 180 Questions
What is Asymmetry of information? Why is it important in
healthcare? - Correct Answer ✅A gap in knowledge from
person/group to another. Patient knowledge vs Physician
knowledge vs insurance knowledge.
What is non-marketability of risk? - Correct Answer
✅inherent of medicine and medical practice. Cannot put a
price on it
Moral Hazard - Correct Answer ✅people behaving
differently when you know someone else is taking the risk
(induced demand- procedures when deductible has been
met).
Adverse selection - Correct Answer ✅the sicker people
likely want more insurance (the healthier the less)
Pooling risk - Correct Answer ✅sharing risk proportionately
among many is a basic insurance concept. The hope is that
premiums of the less sick will cover the more sickly
population.
,MHA 707 Study Guide for Exam 3
Questions and Answers (Latest Update
2024) 180 Questions
What is PHC? - Correct Answer ✅(a subset of HCE) includes
all medical goods and services that are used to diagnose,
treat, and prevent health problems in a specific person.
How much $$ is spent on HC in US? Per capita and % of GDP?
- Correct Answer ✅$3.49trillion, 17.9% GDP and $10,739
per capita.
Percentage spent in hospitals? - Correct Answer ✅33%-
largest share of NHE
Percentage spent on Doctors? - Correct Answer ✅26%-
second highest share of NHE
Percentage spent on drugs? - Correct Answer ✅9.5%-
10.5%- third highest share of NHE, 10% per Bost
,MHA 707 Study Guide for Exam 3
Questions and Answers (Latest Update
2024) 180 Questions
Chronic disease? - Correct Answer ✅defined broadly as
conditions that last 1 year or more and require ongoing
medical attention or limit activities of daily living or both.
(i.e. heart disease, cancer, and diabetes)
What percentage of NHE shares are spent on chronic
disease? - Correct Answer ✅90%- chronic conditions are
also considered some of the most preventable of all health
conditions (includes mental health)
What percent of top utilizers account for 50% of spending in
HC? - Correct Answer ✅5% of top utilizers
What are personal behaviors and how do they fit into the
leading causes of death? - Correct Answer ✅Half of the
mortality from 10 leading CODs attributed to personal
behaviors (i.e. tobacco use, obesity, poor diet, substance
misuse/abuse)
, MHA 707 Study Guide for Exam 3
Questions and Answers (Latest Update
2024) 180 Questions
90% of americans have 1 risk factor - Correct Answer
✅52% have 2 or more highest proportion in impoverished
and racial/ethnic minorities.
What percent of Americans were hospitalized in 2018? -
Correct Answer ✅only 6.7%
How many US people are uninsured? - Correct Answer
✅26.4M
What portion of Americans under age 65 are covered by
private health insurance? - Correct Answer ✅about 66%
(about 8% of people under the age of 65 were uninsured/self
pay in 2019)
What is cost-plus reimbursement? - Correct Answer ✅is
how hospitals describe payment received for services they
have already provided. The organization providing the
services tracks all the cost associated with each customer
and then asks to be paid that amount. This type of contract
specifies that the organization will be reimbursed for actual
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