PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ 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)..
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?
◍ Research indicates that the 2014 expansion of Medicaid has led to a number
of unintended consequences including:.
Answer: higher per capita spending on the expansion population than
anticipated.
◍ a 2.9 percent payroll tax paid by all workers, regardless of their age..
Answer: The tax fully dedicated to provide support for Medicare Part A is:
◍ Which of the following statements is true about the Medicaid program?.
Answer: The majority of total outlays are for the elderly and disabled.
◍ Physicians.
Answer: The majority of pharmaceutical advertising is directed at which of
the following groups?
◍ Countries with the most stringent price controls do the least research..
Answer: Price controls are a common feature in the pharmaceutical industry
in most developed countries. Which one of the following statements about
price controls is true?
, ◍ The changing demographics of the United States' population, with an
increasing percentage over the age of 65..
Answer: The Medicare pay-as-you-go system is jeopardized by:
◍ One of the reasons the 2008 Oregon Experiment was so important is
because it(s):.
Answer: experimental design included random selection of the treatment and
control groups.
◍ an average of five years of the overall patent life has already expired..
Answer: By the time a drug enters the clinical trial phase of testing on
humans,
◍ Which of the following countries placed highest on the healthcare access
and quality (HAQ) index?.
Answer: Switzerland
◍ It extended the life of patents from 17 years from the date of grant to 20
years from the date of application..
Answer: What was the main effect of the agreement on Trade-Related
Aspects of Intellectual Property Rights (TRIPS) on United States' domestic
policy?
◍ The average federal medical assistance (FMAP) percentage across the
United States received by the typical state is approximately what percentage
of overall Medicaid spending?.
Answer: 60 %
◍ This practice is a classic example of free riding..
Answer: Government regulators sometimes set the price of a drug at its
marginal cost of production without including a fair share of the global joint
cost of research and development. Which of the following statements is true
about this practice?
◍ How do individuals spending their own money behave differently than those
spending someone else's money?.