How is medicaid financed - Study guides, Class notes & Summaries

CEBS GBA Exam 2: Questions and answers, rated A+ What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional...

Navy Reserve Fundamentals Course (NAVRESFOR-NRF-3.0) Exam Questions And Answers Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - ANS higher per capita spending on the expansion population than anticipated. Which of the following statements is true about the Medicaid program? - ANS The majority of total outlays are for the elderly and disabled. One of the reasons the 2008 Oregon Experiment was so important is because it(s): ...

LSUS MHA 710 Exam 4 Questions And Answers Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - ANS higher per capita spending on the expansion population than anticipated. Which of the following statements is true about the Medicaid program? - ANS The majority of total outlays are for the elderly and disabled. One of the reasons the 2008 Oregon Experiment was so important is because it(s): - ANS experimental desig...

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - Answer- Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional up to a certain point because choices are constrain...

Medicaid is a means-tested program correct answers Eligibility depends on financial resources Each state administers its own Medicaid program under federal guidelines, and Medicaid is financed by both state and federal governments Automatically qualify for Medicaid correct answers 1. Families with children receiving support under the Temporary Assistance for Needy Families (TANF) program 2. People receiving Supplemental Security Income (SSI), which includes the elderly, blind, and disabl...

Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - higher per capita spending on the expansion population than anticipated. Which of the following statements is true about the Medicaid program? - The majority of total outlays are for the elderly and disabled. One of the reasons the 2008 Oregon Experiment was so important is because it(s): - experimental design included random selection of the treatment and control groups. Whi...

Medicare is financed through from what? Correct Answer Federal program Who does medicare cover? Correct Answer -older persons 65 or older -people under 65 with certain disabilities -people of any age with end-stage renal disease (ESRD) -#1 reimbursement source -Other insurances copy this -influences where OTs work because it is a major reimbursement for us -financed by payroll taxes, insurance premiums, and general revenue funding from the federal government Correct Answer Medicare ...

What is the name of your state's insurance commission? Bureau of Insurance What is the mission of your state's insurance commission? to ensure that citizens of the Commonwealth are provided with access to adequate and reliable insurance protection; that the insurance companies selling policies are financially sound to support payment of claims; that he agents selling company policies are qualified and conduct their business according to statutory and regulatory requirements, as well as accept...

PUBH 6012 Exam 2 with correct Answers Already Graded A+ prescription drug doughnut hole - Correct gap in prescription drug coverage between a limit for coverage and catastrophic coverage T/F Medicare Advantage offers less choice in provider than traditional medicare - Correct true because medicare advantage is similar to managed care-- there is a preferred or required network of providers where you can receive care, traditional medicare is fee-for-service from any medicare provider prospe...

HSC 111 Final Exam - Questions and Answers (Complete Solutions) What is the central role of health services financing in the United States? a. Fund health insurance b. Underwrite medical risk c. Support managed care d. Balance the supply of health care professionals What is the primary mechanism that enables people to obtain health care services? a. Availability of services b. Health insurance c. Payment for services d. Control of expenditures The phenomenon called 'moral hazard' results dir...