USP 143 Health Care System
questions n answers with latest
update
Public Good - correct answer ✔✔"A good which all enjoy in common in the sense that each
individual's consumption of such a good leads to no subtractions from any other individual's
consumption of that good"
Examples: Fireworks displays; national defense; breathable air; street lighting, fire protection,
climate mitigation measures
Public Good: Non-rivalrous - correct answer ✔✔My consumption of the good doesn't diminish
yours
Public Good: Non-Excludability - correct answer ✔✔I can't keep you from accessing the good
even if you didn't pay for it
Consumer Good - correct answer ✔✔Goods that directly satify human wants
Consumer Good: Rivalrous - correct answer ✔✔My consumption of the good reduces the
amount available to you, unless there is an increase in supply
Consumer Good: Excludability - correct answer ✔✔There are mechanisms - including physical
access barriers and price barriers - to prevent consumption of the good
Incentive - correct answer ✔✔Something, especially money, that encourages a person or
organzaion to do something.
, Insurance - correct answer ✔✔A contractual relationship that exists when one party (insurer)
for a consideration (premium), agrees to reimburse another party (insured) for loss to a
specified subject (risk) caused by designated contigencies (hazards or perils)
Entitlements - - correct answer ✔✔Entitlements constitute a binding obligation on the part of
the Federal Government, and eligble receipients have legal recourse if the obligation is not
fufilled.
"Entitlements" - - correct answer ✔✔A federal program or provision of law that requires
payments to any person or unit of government that meets the eligibility criteria established by
law.
Entitlements - Medicare - correct answer ✔✔65+ and have paid in to the Medicare Trust Fund
over time
Contributory Insurance
Financed from Federal trust funds or paid out of the general revenues.
Entitlement - Medicaid - correct answer ✔✔Meet income guidelines, regardless of tax
payments
Non-contributory
Those paid out of general revenues are income redistribution programs intened to address
problems like illness and poverty.
Entitlement - Social Securtiy - correct answer ✔✔"Old Age Survivors and Disability Insurance
Employee Expense"
Non-Contributory insurance = - correct answer ✔✔a form of public assistance
Model of Payment - Fee for service - correct answer ✔✔Payment per procedure - doctors tend
to administer more services
questions n answers with latest
update
Public Good - correct answer ✔✔"A good which all enjoy in common in the sense that each
individual's consumption of such a good leads to no subtractions from any other individual's
consumption of that good"
Examples: Fireworks displays; national defense; breathable air; street lighting, fire protection,
climate mitigation measures
Public Good: Non-rivalrous - correct answer ✔✔My consumption of the good doesn't diminish
yours
Public Good: Non-Excludability - correct answer ✔✔I can't keep you from accessing the good
even if you didn't pay for it
Consumer Good - correct answer ✔✔Goods that directly satify human wants
Consumer Good: Rivalrous - correct answer ✔✔My consumption of the good reduces the
amount available to you, unless there is an increase in supply
Consumer Good: Excludability - correct answer ✔✔There are mechanisms - including physical
access barriers and price barriers - to prevent consumption of the good
Incentive - correct answer ✔✔Something, especially money, that encourages a person or
organzaion to do something.
, Insurance - correct answer ✔✔A contractual relationship that exists when one party (insurer)
for a consideration (premium), agrees to reimburse another party (insured) for loss to a
specified subject (risk) caused by designated contigencies (hazards or perils)
Entitlements - - correct answer ✔✔Entitlements constitute a binding obligation on the part of
the Federal Government, and eligble receipients have legal recourse if the obligation is not
fufilled.
"Entitlements" - - correct answer ✔✔A federal program or provision of law that requires
payments to any person or unit of government that meets the eligibility criteria established by
law.
Entitlements - Medicare - correct answer ✔✔65+ and have paid in to the Medicare Trust Fund
over time
Contributory Insurance
Financed from Federal trust funds or paid out of the general revenues.
Entitlement - Medicaid - correct answer ✔✔Meet income guidelines, regardless of tax
payments
Non-contributory
Those paid out of general revenues are income redistribution programs intened to address
problems like illness and poverty.
Entitlement - Social Securtiy - correct answer ✔✔"Old Age Survivors and Disability Insurance
Employee Expense"
Non-Contributory insurance = - correct answer ✔✔a form of public assistance
Model of Payment - Fee for service - correct answer ✔✔Payment per procedure - doctors tend
to administer more services
