LSUS MHA 710 EXAM 2 FINAL PAPER 2026
COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
⩥ 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? Answer: $6.1 billion
⩥ Danzon and Furukawa (2003) argue that: Answer: pharmaceutical
price differences across countries are roughly in line with differences in
per capita gross domestic product, supporting the predictions of Ramsey
pricing practices.
COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
⩥ 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? Answer: $6.1 billion
⩥ Danzon and Furukawa (2003) argue that: Answer: pharmaceutical
price differences across countries are roughly in line with differences in
per capita gross domestic product, supporting the predictions of Ramsey
pricing practices.
