2024 LSUS MHA 710 Exam 1- 4 Questions And Accurate Solutions EXAM 1
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2024 LSUS MHA 710
Institution
2024 LSUS MHA 710
2024 LSUS MHA 710 Exam 1- 4 Questions
And Accurate Solutions
EXAM 1
Government regulators sometimes set the price of a drug at its
marginal cost of production without including a fair share of the global
joint cost of research and development. Which of the following
statements is true abo...
2024 LSUS MHA 710 Exam 1- 4 Questions
And Accurate Solutions
EXAM 1
Government regulators sometimes set the price of a drug at its
marginal cost of production without including a fair share of the global
joint cost of research and development. Which of the following
statements is true about this practice? - CORRECT ANSWER This
practice is a classic example of free riding.
What was the main effect of the agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS) on United States' domestic
policy? - CORRECT ANSWER It extended the life of patents from 17
years from the date of grant to 20 years from the date of application.
The majority of pharmaceutical advertising is directed at which of the
following groups? - CORRECT ANSWER Physicians
Part B pays what percentage of the allowable fee set by Medicare? -
CORRECT ANSWER 80%
By the time a drug enters the clinical trial phase of testing on humans,
- CORRECT ANSWER an average of five years of the overall patent
life has already expired
Which of the following is a true statement about long-term care? -
CORRECT ANSWER ?
Finkelstein and McKnight (2008) provide an empirical estimate of the
benefits to seniors of the 1965 introduction of Medicare. Which of the
following statements is true concerning the results of this study? -
CORRECT ANSWER The real impact of the introduction of Medicare
was on the reduction in out-of-pocket health care spending for
,households faced with catastrophic events (those in the top 25
percent of spenders).
Which of the following services is covered under Part B of Medicare? -
CORRECT ANSWER Emergency room services
Medicare and Medicaid were enacted by the Johnson administration in
1965 as amendments to which federal law already in existence? -
CORRECT ANSWER Social Security Act
Medical care spending escalates as an individual reaches old age.
Which of the following statements is true regarding medical care
spending and the elderly? - CORRECT ANSWER Chronic illnesses
increase as we age as do the multiplicity of services available to treat
those illnesses.
How much did pharmaceutical companies spend on direct-to-consumer
advertising in 2019? - CORRECT ANSWER $6.1 billion
Danzon and Furukawa (2003) argue that: - CORRECT ANSWER
pharmaceutical price differences across countries are roughly in line
with differences in per capita gross domestic product, supporting the
predictions of Ramsey pricing practices.
How do individuals enroll in Part A of Medicare? - CORRECT ANSWER
Individuals are automatically enrolled on their 65th birthday as long as
they or their spouse has paid into the Social Security system for 10
years
The tax fully dedicated to provide support for Medicare Part A is -
CORRECT ANSWER a 2.9 percent payroll tax paid by all workers,
regardless of their age.
Price controls are a common feature in the pharmaceutical industry in
most developed countries. Which one of the following statements
about price controls is true? - CORRECT ANSWER Countries with the
most stringent price controls do the least research.
,The only disease-specific group eligible for Medicare are those
suffering from: - CORRECT ANSWER end-stage renal disease.
The Medicare pay-as-you-go system is jeopardized by - CORRECT
ANSWER The changing demographics of the United States'
population, with an increasing percentage over the age of 65.
Which benefits are provided through Part A of Medicare? - CORRECT
ANSWER Medical hospital insurance
On average, biopharmaceutical companies spend approximately what
percentage of their sales revenue on research and development? -
CORRECT ANSWER 15-20%
A type I error is: - CORRECT ANSWER when a harmful drug is
allowed into the market.
Economies of scale exist when: - CORRECT ANSWER long-run
average costs decline as output increases.
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 and level of
employment be? - CORRECT ANSWER W1 and E1
Changes caused by the shift from charge-based rates to negotiated
rates has had which of the following results? - CORRECT ANSWER
Most hospitals experience a gap between the amount they receive
from their payers and the amount billed, with receipts as low as 20
percent of amount billed.
What is the most significant cost of attending medical school? -
CORRECT ANSWER The income foregone
, Which of the following statements is true about cost shifting in
hospitals? - CORRECT ANSWER The ability to cost shift depends on
a hospital's payer mix.
Legislation considered by Congress to restrict legal immigration
would: - CORRECT ANSWER raise the costs of operating in many of
the nation's rural and inner-city hospitals.
The rate of return on an investment in medical education: - CORRECT
ANSWER is inversely related to the length of time spent in formal
schooling.
The expanded use of prospective payment in hospitals has changed
the nature of competition in that market. Which of the following
statements is true? - CORRECT ANSWER Savings from prospective
payments are substantial and due primarily to fewer hospital
admissions and shorter hospital stays.
Using the physician-control model to explain hospital behavior leads to
which of the following conclusions? - CORRECT ANSWER Other
medical inputs tend to be overused to maximize physicians'
productivity
Starting salaries for female obstetricians/gynecologists are higher
than those of male obstetricians/gynecologists . What is the best
explanation for this? - CORRECT ANSWER The demand for female
obstetricians/gynecologists is greater than the demand for male
obstetricians/gynecologists .
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.
What is the equilibrium wage and level of employment under
monopsony? - CORRECT ANSWER W0 and E0
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