MHA 710 (MHA710)

Exam 2 Prep: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU Question: The standard cut-off for cost per QALY is ______ per capita income. Answer: a. equal to b. 2 times c. 3 times d. 4 times e. 5 times Question: Cost-effectiveness considerations are more formally integrated into health policy making in Answer: Australia, Europe, and Canada Question: Steps in performing a cost-effectiveness analysi...

Exam 2: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU Question: One result of asymmetric information in health insurance markets is A. an optimal number of insurance policies sold. B. adverse selection. C. externalities in consumption. D. a low marginal benefit of additional information for the buyer of insurance. E. the principal-agent problem. Answer: B. adverse selection. Question: Moral hazard a...

Exam 1: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU Question: Opportunity cost is a measure of Answer: foregone opportunities and value based on the alternative not chosen Question: The oppurtunity cost of investing in a new lithotripter is Answer: Defined by the next best use of the money invested in the equipment Question: What percentage of Americans considered the complete repeal of the Pat...

Exam 1 Prep: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU Question: Medicare Answer: An insurance program for the elderly and disabled, run by the Centers for Medicare & Medicaid Services. Question: Medicaid Answer: A collection of state-run insurance programs that meet standards set by the Centers for Medicare & Medicaid Services and serve those with incomes low enough to qualify for their state's...

MHA 710 Exam 1 Questions with verified Answers latest update 1. Even in the US, approximately, what percent of medical care is purchased through insurance, government programs or other third party insurers?- Correct Answer - 90 2. The opportunity cost of investing in a new lithotripter (a machine that pulverizes kidney stones with sound waves) is- Correct Answer - defined by the next best use of the money invested in the equipment. 3. What percentage of Americans considered the complete r...

MHA 710 - Healthcare Economics - Exam 1 (Part 1 - Ch. 1 & 2) questions with verified answers guaranteed pass 2024/2025 Economics is best defined as the study of how to run a business most profitably. True or False. - Correct Answer –False Exhaust from a factory that increases health risks for people living near the factory is an example of an externality. True or False. - Correct Answer –True In 2008 and 2009, the U.S. economy experienced a deep economic downturn. If there is a shor...

A great tool to help you succeed in your 8-week course.

A great study tool for your 8-week course!

A great study tool for your 8-week course!