MHA 707 Exam C (CH 6, 7, 8 MO) 2024/2025

MHA 707 Exam C (CH 6, 7, 8 MO) 2024/2025 Moral Hazard - answer-When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - answer-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - answer-Allows individuals to share risk, i.e., insurance companies National Health Expenditure Accounts (NHEA) - answer-Provides official estimates of health care spending in the US. It measures health care consumption and health care investment. NHEA Benefits - answer-Comprehensive: includes all major components of health care system in unified, mutually exclusive, and exhaustive structure Multidimensional: encompasses expenditures as well as payers Consistent: applies a common set of definitions that permits longitudinal comparisons Published by DHHS