HMGT 3301 ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉what percentage of our GDP does healthcare represent. Answer:
18%
◉how many people does the healthcare workforce employ?.
Answer: 16.4 million
◉how much of the $3 trillion dollars spent on healthcare is
considered fraud/waste/abuse of the system?. Answer: $1 trillion
(1/3)
◉how much does the US spend on healthcare research?. Answer:
$200 billion
◉what does the quad-function model incorporate?. Answer:
financing, insurance, delivery, payment
◉what is required to be eligible for Medicare?. Answer: at least 65
years old
, ◉who is Medicaid and CHIP for?. Answer: indigent, poor, children
(based on NEED)
◉how many people are in Medicare?. Answer: 50 million (15%)
◉how many people are in Medicaid?. Answer: about 75 million
◉what percentage do not have any health insurance?. Answer: 10%
◉how many people turn 65 every day?. Answer: 10,000
◉what was the main objective of the ACA?. Answer: reduce the
number of uninsured
◉who was the first president to drive some changes in healthcare?.
Answer: Truman
◉what is premium cost sharing?. Answer: employer's requirement
that their employees pay a portion of health insurance cost
◉what is a downside of a national health system?. Answer: quality is
not reaching high standards
QUESTIONS WITH SOLUTIONS GRADED A+
◉what percentage of our GDP does healthcare represent. Answer:
18%
◉how many people does the healthcare workforce employ?.
Answer: 16.4 million
◉how much of the $3 trillion dollars spent on healthcare is
considered fraud/waste/abuse of the system?. Answer: $1 trillion
(1/3)
◉how much does the US spend on healthcare research?. Answer:
$200 billion
◉what does the quad-function model incorporate?. Answer:
financing, insurance, delivery, payment
◉what is required to be eligible for Medicare?. Answer: at least 65
years old
, ◉who is Medicaid and CHIP for?. Answer: indigent, poor, children
(based on NEED)
◉how many people are in Medicare?. Answer: 50 million (15%)
◉how many people are in Medicaid?. Answer: about 75 million
◉what percentage do not have any health insurance?. Answer: 10%
◉how many people turn 65 every day?. Answer: 10,000
◉what was the main objective of the ACA?. Answer: reduce the
number of uninsured
◉who was the first president to drive some changes in healthcare?.
Answer: Truman
◉what is premium cost sharing?. Answer: employer's requirement
that their employees pay a portion of health insurance cost
◉what is a downside of a national health system?. Answer: quality is
not reaching high standards
