Accounts in the nhea Study guides, Class notes & Summaries

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...

Other "truths" in motivating physicians behaviors include - Answer: Employed doctors are easier to motivate than independent practitioners Physicians identity themselves as "doctor" with a higher level of intensity than "your employee" What is Asymmetry of information? - Answer: A gap in knowledge from person/group to another. What is non-marketability of risk? - Answer: inherent of medicine and medical practice Moral Hazard - Answer: behaving differently when you know some...

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 individuals to share risk, i.e., insurance companies National Health...

MHA 707 Exam C Questions & Answers 2023/2024 Moral Hazard Adverse Selection Pooling of Risk National Health Expenditure Accounts (NHEA) NHEA Benefits Accounts in the NHEA National Health Expenditures: NHE Health Consumption Expenditures: HCE Personal Health Care: PHC How much NHE spent on Health Care? Largest contributors to the Personal Health Care (PHC) What accounted for the largest share of NHE? Three Categories of PHC increased as a share of NHE Chronic Disease and Mental Heal...

MHA 707 Exam C Questions & Answers 2023/2024 Moral Hazard Adverse Selection Pooling of Risk National Health Expenditure Accounts (NHEA) NHEA Benefits Accounts in the NHEA National Health Expenditures: NHE Health Consumption Expenditures: HCE Personal Health Care: PHC How much NHE spent on Health Care? Largest contributors to the Personal Health Care (PHC) What accounted for the largest share of NHE? Three Categories of PHC increased as a share of NHE Chronic Disease and Mental Heal...

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 disease and in the efficacy of treatment ...

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- Allows i...

Moral HazardWhen 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 Selectionthe 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 RiskAllows individuals to share risk, i.e., insurance companies National Health Expend...

MHA 707 Exam C QUESTIONS AND ANSWERS NHEA Benefits - ANSWERS Comprehensive: includes all major components of health care system in unified, mutually exclusive, and exhaustive structure Multidimensional: encompasses expenditures as well as payers Consistent: applies a common set of definitions that permits longitudinal comparisons Published by DHHS Accounts in the NHEA - ANSWERS National Health Expenditures: NHE Health Consumption Expenditures: HCE Personal Healt...

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 individuals to share risk, i.e., insurance companies National Health...