MHA 707 CH 6 questions and answers
already passed
healthcare - correct answer ✔✔____ is like no other sector of the economy.
incomplete - correct answer ✔✔Even after a millennium of observation and study, our
knowledge about the human body, disease, and medicine is very much ____.
uncertainty in the incidence of disease and in the efficacy of treatment - correct answer ✔✔In
arrows explanation, the special economic problems of medical care can be explained by
adaptations to ____.
information asymmetry between patient and provider - correct answer ✔✔The physician nearly
always has more medical knowledge, patients generally know more about their own history, so
there is usually a significant ___.
moral hazard - correct answer ✔✔Economists refer to situations in which an individual's
behavior changes when he or she is able to shift the risks of decisions to others as ____.
moral hazard - correct answer ✔✔If an accident costs a person $2,000 but insurance pays
$1,500 the insured person has less incentive to avoid the accident than if the insurance paid
only $500. This is an example of:
single national health care payment system - correct answer ✔✔because the United States lacks
a ____, how the money is paid to the providers of health care has become very complicated a
situation that health care reform policies have not reduced.
,occurs when one party to an economic transaction possesses greater material knowledge than
the other part - correct answer ✔✔what is asymmetry information?
you can't put a price on it and you can't get paid back creating a lot of issues - correct answer
✔✔The risks that are inherent in medicine and medical practice are really nonmarketable in
that ___.
moral hazard - correct answer ✔✔___ is behaving differently when you know someone else is
taking the risk (induced demand). ex. people don't stop smoking even though they know it leads
to cancer bc they know the health insurance will pay for it.
adverse selection - correct answer ✔✔____ is the idea that sicker people likely want more
insurance (the healthier, want less insurance).
pooling of risk - correct answer ✔✔___ is the idea that sharing risk proportionately among
many is a basic insurance concept.
workarounds, redundancies, and contradictions - correct answer ✔✔In response to this,
financing health care in the United States is a complex matter of ____.
National Health Expenditure Accounts (NHEA) - correct answer ✔✔Since 1964, the U.S.
Department of Health and Human Services (DHHS) has published data annually on total health
expenditures for the United States, called the ____.
measure spending on health care consumption and health care investment in the medical
sector - correct answer ✔✔The NHEA are the official estimates of health care spending in the
United States. The goal for the NHEA is to____.
three or four years - correct answer ✔✔NHEA statistics are usually published _____after the
date you would have liked to have them.
, comprehensive, multidimensional, and consistent - correct answer ✔✔THE NHEA have the
following benefits for understanding the healthcare sector spending:
they contain all of the main components of the healthcare system within a unified mutually
exclusive and exhaustive strusture - correct answer ✔✔The NHEA are comprehensive because
the payers that finance these expenditures - correct answer ✔✔The NHEA are
multidimensional, encompassing not only expenditures for medical goods and services, but also
____.
apply a common set of definitions that allow comparisons among categories and over time -
correct answer ✔✔The NHEA are consistent because they ___.
National Health Expenditures - correct answer ✔✔The NHEA produces the ___.
all healthcare consumption and investment in medical structures and equipment and
noncommercial health services and biomedical research - correct answer ✔✔The National
Health Expenditures includes _____.
Health Consumption Expenditures - correct answer ✔✔The NHE includes ____.
the costs of investment in the medical sector - correct answer ✔✔The difference between
National Health Expenditures and Health Consumption expenditures is
personal health care spending, government administration and net cost of private health
insurance, and public health activities - correct answer ✔✔The HCE include all ___.
already passed
healthcare - correct answer ✔✔____ is like no other sector of the economy.
incomplete - correct answer ✔✔Even after a millennium of observation and study, our
knowledge about the human body, disease, and medicine is very much ____.
uncertainty in the incidence of disease and in the efficacy of treatment - correct answer ✔✔In
arrows explanation, the special economic problems of medical care can be explained by
adaptations to ____.
information asymmetry between patient and provider - correct answer ✔✔The physician nearly
always has more medical knowledge, patients generally know more about their own history, so
there is usually a significant ___.
moral hazard - correct answer ✔✔Economists refer to situations in which an individual's
behavior changes when he or she is able to shift the risks of decisions to others as ____.
moral hazard - correct answer ✔✔If an accident costs a person $2,000 but insurance pays
$1,500 the insured person has less incentive to avoid the accident than if the insurance paid
only $500. This is an example of:
single national health care payment system - correct answer ✔✔because the United States lacks
a ____, how the money is paid to the providers of health care has become very complicated a
situation that health care reform policies have not reduced.
,occurs when one party to an economic transaction possesses greater material knowledge than
the other part - correct answer ✔✔what is asymmetry information?
you can't put a price on it and you can't get paid back creating a lot of issues - correct answer
✔✔The risks that are inherent in medicine and medical practice are really nonmarketable in
that ___.
moral hazard - correct answer ✔✔___ is behaving differently when you know someone else is
taking the risk (induced demand). ex. people don't stop smoking even though they know it leads
to cancer bc they know the health insurance will pay for it.
adverse selection - correct answer ✔✔____ is the idea that sicker people likely want more
insurance (the healthier, want less insurance).
pooling of risk - correct answer ✔✔___ is the idea that sharing risk proportionately among
many is a basic insurance concept.
workarounds, redundancies, and contradictions - correct answer ✔✔In response to this,
financing health care in the United States is a complex matter of ____.
National Health Expenditure Accounts (NHEA) - correct answer ✔✔Since 1964, the U.S.
Department of Health and Human Services (DHHS) has published data annually on total health
expenditures for the United States, called the ____.
measure spending on health care consumption and health care investment in the medical
sector - correct answer ✔✔The NHEA are the official estimates of health care spending in the
United States. The goal for the NHEA is to____.
three or four years - correct answer ✔✔NHEA statistics are usually published _____after the
date you would have liked to have them.
, comprehensive, multidimensional, and consistent - correct answer ✔✔THE NHEA have the
following benefits for understanding the healthcare sector spending:
they contain all of the main components of the healthcare system within a unified mutually
exclusive and exhaustive strusture - correct answer ✔✔The NHEA are comprehensive because
the payers that finance these expenditures - correct answer ✔✔The NHEA are
multidimensional, encompassing not only expenditures for medical goods and services, but also
____.
apply a common set of definitions that allow comparisons among categories and over time -
correct answer ✔✔The NHEA are consistent because they ___.
National Health Expenditures - correct answer ✔✔The NHEA produces the ___.
all healthcare consumption and investment in medical structures and equipment and
noncommercial health services and biomedical research - correct answer ✔✔The National
Health Expenditures includes _____.
Health Consumption Expenditures - correct answer ✔✔The NHE includes ____.
the costs of investment in the medical sector - correct answer ✔✔The difference between
National Health Expenditures and Health Consumption expenditures is
personal health care spending, government administration and net cost of private health
insurance, and public health activities - correct answer ✔✔The HCE include all ___.
