The market value (fair value) of all final goods and services from a nation in a given year. - ANS Gross Domestic product
The population times the market value of the goods and services produced per person in the country - ANS Gross Domestic product
My components include consu...
The market value (fair value) of all final goods and services from a nation in a given year. - ANS
Gross Domestic product
The population times the market value of the goods and services produced per person in the
country - ANS Gross Domestic product
My components include consumption expenditures and business investments plus government
spending plus exports minus imports - ANS Gross Domestic products
Health expenditures increased/decreased between 1980 to 2009 - ANS increased ( from
9.2%GDP to 17.6%GDP)
Health expenditures increased/decreased between 2010 and 2013. - ANS stayed the same
Between 2010 and 2013 health expenditures stayed about the same. Why? (3) - ANS poor
economy, plans with high out of pocket costs, ACA
What is the projected increase of national health expenditures by 2019? - ANS 19.6%
Sum of public and private health expenditure. Covers the provisions of health services
(preventative and curative), family planning activities, nutrition activities, and emergency aid
designated for health. - ANS Total health expenditure
Between 2010-2013 what was the percent of health expenditure in terms of GDP? - ANS
17.1%
I provide a framework for discussion, analysis, and decision making. I also enable examination
of the relationship between health care costs and benefits in terms of improved health
outcomes. - ANS Health care costs and outcomes model
What are the 3 assumptions when examining health care costs and outcomes model? - ANS
Relevant outcome of interest is the overall health of a population rather than of any one
individual, it is possible to quantitate health at a population level,
health outcomes are directly under influence of health care
What is on the y axis of a costs and health care outcomes model? - ANS health outcomes
Write the equation for cost - ANS price x quantity
, Cost increases explained by increased price without additional quantities of health care is
efficient/inefficient from the patients' perspective - ANS inefficient (happens since no
increased quality of care is associated with the price increase )
What am I? Examples: controlling fees and provider incomes. Cutting the price of
pharmeucitcals and other supplies. Reducing administrative waste. - ANS Painless cost
control
What am I? Examples: Eliminating medical interventions of no benefit. Substituting less costly
technologies that are equally effective. Increasing the provision of those preventitive services
that cost less than the illness they prevent. - ANS painless cost control
When deciding if a cost control method is painless who does it have to painless to? - ANS
all parties
What is my outcome? Putting people together in teams and improving the outcomes. Not talking
about adding more costs. Probably reducing cost by being more efficient. - ANS Painless
cost control
Why should we focus on price when controlling cost? - ANS inflation is a major contributor
to health care costs
What should we focus on more when controlling cost: price or quantity? - ANS price
(Healthcare rose 2.5% faster than growth in the economy between 1947-1987, 2/3 of this was
from increase in prices, only 1/3 was from increase in quantity)
In the US, prescription drug prices are often ____% higher than other countries. - ANS 50
Reasons to focus on price control: Lower prices translate to higher/lower insurance premiums
which puts more/less money in consumer's pockets - ANS lower, more
Reasons to focus on price control: As prices of health care goods and services increase,
insurance companies (increase/ decrease) and/or (increase/decrease) reimbursement to
providers - ANS increase, decrease
What are the annual increases in prescription drugs annually? - ANS 20%
Why focus on quantity when trying to control cost? (2) - ANS high quantity does not
correlate with improved outcomes, higher cost exist in areas with more specialists ad hospital
beds
What am I? Stop doing things of no proven clinical benefit. Eliminate ineffective/inappropriate
care, decrease administrative waste (US overhead is 31% - growing faster than health care
inflation) - ANS reduce quantity for cost control
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