MHA 710 Exam Questions And Answers
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Which of the following in NOT considered to be a factor in the recent slowing of health care
spending? - Answer✔Growing US gross domestic product (GDP)
Assuming providers will accomodate patient desires, what effect would a binding price ceiling
have on the health care market? - Answer✔Price will decrease to adhere to the price ceiling
and quantity will increase.
A health insurance arrangement where individuals have access to health care in exchange for a
set premium is called - Answer✔third party payment system
Since ACA was passed in 201, there have been many efforts to have the bill thrown out or at
least watered down. Most attempts have been unsuccessful. However, one key element of ACA
was successful, which was that: - Answer✔eliminate the tax penalty for the individual mandate
Which of the following is NOT a potential result of ever-increasing health care pricing? -
Answer✔reduced incentives for innovation
According to Adam Smith's terminology, the "invisible hand" refers to: - Answer✔market forces
working through price mechanism
Assuming that providers will only accomodate patient desires up to a point, what effect would a
binding price ceiling have on the healthcare market? - Answer✔Quantity of health care
supplied will fall
The cost to society resulting from taxation to finance government spending is called? -
Answer✔deadweight loss
Even in the US, approximately what percent of medical care is purchase through insurance,
government programs or other third party insurers? - Answer✔90
Which of the following measurements of health care spending adjusts for the population size? -
Answer✔per capita
Suppose you are a politician being criticized in a debate for your commitment to reducing the
growth of medical spending. Which of the following is the most appropriate response? -
1