LSUS MHA 710 EXAM 3 TEST BANK
PRACTICE QUESTIONS SOLUTIONS
DETAILED EXPLANATIONS VERIFIED
●● What was the main effect of the agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS) on United States' domestic
policy?
Answer: It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
●● The majority of pharmaceutical advertising is directed at which of
the following groups?
Answer: Physicians
●● Part B pays what percentage of the allowable fee set by Medicare?
Answer: 80%
●● By the time a drug enters the clinical trial phase of testing on
humans,
Answer: an average of five years of the overall patent life has already
expired
●● Which of the following is a true statement about long-term care?
, Answer: ?
●● Finkelstein and McKnight (2008) provide an empirical estimate of
the benefits to seniors of the 1965 introduction of Medicare. Which of
the following statements is true concerning the results of this study?
Answer: The real impact of the introduction of Medicare was on the
reduction in out-of-pocket health care spending for households faced
with catastrophic events (those in the top 25 percent of spenders).
●● Which of the following services is covered under Part B of
Medicare?
Answer: Emergency room services
●● Medicare and Medicaid were enacted by the Johnson administration
in 1965 as amendments to which federal law already in existence?
Answer: Social Security Act
●● Medical care spending escalates as an individual reaches old age.
Which of the following statements is true regarding medical care
spending and the elderly?
Answer: Chronic illnesses increase as we age as do the multiplicity of
services available to treat those illnesses.
●● How much did pharmaceutical companies spend on direct-to-
consumer advertising in 2019?
PRACTICE QUESTIONS SOLUTIONS
DETAILED EXPLANATIONS VERIFIED
●● What was the main effect of the agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS) on United States' domestic
policy?
Answer: It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
●● The majority of pharmaceutical advertising is directed at which of
the following groups?
Answer: Physicians
●● Part B pays what percentage of the allowable fee set by Medicare?
Answer: 80%
●● By the time a drug enters the clinical trial phase of testing on
humans,
Answer: an average of five years of the overall patent life has already
expired
●● Which of the following is a true statement about long-term care?
, Answer: ?
●● Finkelstein and McKnight (2008) provide an empirical estimate of
the benefits to seniors of the 1965 introduction of Medicare. Which of
the following statements is true concerning the results of this study?
Answer: The real impact of the introduction of Medicare was on the
reduction in out-of-pocket health care spending for households faced
with catastrophic events (those in the top 25 percent of spenders).
●● Which of the following services is covered under Part B of
Medicare?
Answer: Emergency room services
●● Medicare and Medicaid were enacted by the Johnson administration
in 1965 as amendments to which federal law already in existence?
Answer: Social Security Act
●● Medical care spending escalates as an individual reaches old age.
Which of the following statements is true regarding medical care
spending and the elderly?
Answer: Chronic illnesses increase as we age as do the multiplicity of
services available to treat those illnesses.
●● How much did pharmaceutical companies spend on direct-to-
consumer advertising in 2019?
