Accounts in the nhea Study guides, Class notes & Summaries
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MHA 707 CH 6, MHA 707 CH 8, MHA 707 CH 7 Exam Questions With 100% Correct Answers
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MHA 707 CH 6, MHA 707 CH 8, MHA 707 CH 7 MHA 707 CH 6, MHA 707 CH 8, MHA 707 CH 7 Exam Questions With 100% Correct Answers 
 
____ is like no other sector of the economy. - ANSWER- healthcare 
 
Even after a millennium of observation and study, our knowledge about the human body, disease, and medicine is very much ____. - ANSWER- incomplete 
 
In arrows explanation, the special economic problems of medical care can be explained by adaptations to ____. - ANSWER- uncertainty in the incidence of di...
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MHA 707 Exam C | 89 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed
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Nonmarketability of risks - Inherent I medicine and medical practice health insurance. 
Moral hazard - behaving differently when you know someone else is taking the risk (induced 
demand) 
Adverse selection - The sicker people likely want more insurance (the healthier, less) 
Pooling of risk - Sharing risk proportionately among many is a basic insurance concept 
Financing health care in U.S. - •Workarounds 
•Redundancies 
•Contradictions 
(NHEA) - National Health Expenditure Accounts 
Nati...
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MHA 707 Exam C Questions Marking Scheme
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MHA 707 Exam C Questions Marking Scheme 
 
Moral Hazard - ANSWER- When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - ANSWER- the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction 
 
the sicker people likely want more insurance, compared to those who are healthy 
 
Pooling of Risk - ANSWER- All...
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Final Exam for MHA 707 Exam C Questions Answers Updated
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Accounts in the NHEA - CORRECT ANSWER-National Health Expenditures: NHE 
Health Consumption Expenditures: HCE 
Personal Health Care: PHC 
Adverse Selection - CORRECT ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy 
Age-Adjusted Mortality Rate - CORRECT ANSWER-A mortality rate statistically modified to eliminate the effect of different ag...
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MHA 707 Exam C-Questions and Answers 100% Solved
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MHA 707 Exam C-Questions and Answers 
100% Solved 
Non marketability of risks Inherent I medicine and medical practice health insurance. 
Moral hazard behaving differently when you know someone else is taking the risk (induced 
demand) 
Adverse selection The sicker people likely want more insurance (the healthier, less) 
Pooling of risk Sharing risk proportionately among many is a basic insurance concept 
Financing health care in U.S. •Workarounds 
•Redundancies 
•Contradictions 
(NHEA...
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MHA 707 CH 6 Already Rated A
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MHA 707 CH 6 Already Rated A 
____ is like no other sector of the economy. 
healthcare 
Even after a millennium of observation and study, our knowledge about the human body, disease, 
and medicine is very much ____. 
incomplete 
In arrows explanation, the special economic problems of medical care can be explained by 
adaptations to ____. 
uncertainty in the incidence of disease and in the efficacy of treatment 
The physician nearly always has more medical knowledge, patients generall...
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MHA 707 Exam C (CH 6,7,8)Questions and Answers 100% Solved
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MHA 707 Exam C (CH 
6,7,8)Questions and Answers 100% 
Solved 
Moral Hazard When the act of insuring an event increases the likelihood that the event will 
happen 
behaving different when you know someone is taking the risk (induced demand) 
Adverse Selection the situation in which one party to a transaction takes advantage of 
knowing more than the other party to the transaction 
the sicker people likely want more insurance, compared to those who are healthy 
Pooling of Risk Allows individua...
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MHA 707 Exam C Questions with Complete Solutions Graded A+
- Exam (elaborations) • 14 pages • 2024
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Moral Hazard - Answer: When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - Answer: the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction 
 
the sicker people likely want more insurance, compared to those who are healthy 
 
Pooling of Risk - Answer: Allows individuals to share risk, i.e., ins...
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MHA 707 Exam 3 Questions and Complete Solutions Graded A+.
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1.	moral hazard Answer: behaving differently when you know someone else is taking the risk (Induced demand) 
2.	adverse selection Answer: the sicker people likely want more insurance (the healthier, less) 
3.	pooling of risk Answer: sharing risk proportionately among many is a basic insurance concept 
4.	Non marketability of risks Answer: inherent in medicine and medical practice Health insurance 
5.	Asymmetries of information Healthcare Answer: Physician vs. patient (vs. 3rd Party payer) 
6.	Un...
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MHA 707 Exam C (CH 6,7,8MO) Questions With All Correct answers!!
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MHA 707 Exam C (CH 6,7,8MO) Questions With All Correct answers!!
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