LSUS MHA 710 EXAM HEALTHCARE ECONOMICS COMPLETE COURSE
NEWEST 2026-2027 ACTUAL EXAM QUESTIONS AND CORRECT DE-
TAILED ANSWERS
Study online at https://quizlet.com/_fsgfll
1. Government regulators sometimes set the This practice is a classic ex-
price of a drug at its marginal cost of pro- ample of free riding.
duction without including a fair share of
the global joint cost of research and devel-
opment. Which of the following statements
is true about this practice?
2. What was the main effect of the agreement It extended the life of patents
on Trade-Related Aspects of Intellectual from 17 years from the date of
Property Rights (TRIPS) on United States' grant to 20 years from the date
domestic policy? of application.
3. The majority of pharmaceutical advertis- Physicians
ing is directed at which of the following
groups?
4. Part B pays what percentage of the allow- 80%
able fee set by Medicare?
5. By the time a drug enters the clinical trial an average of five years of the
phase of testing on humans, overall patent life has already
expired
6. Which of the following is a true statement ?
about long-term care?
7. Finkelstein and McKnight (2008) provide The real impact of the intro-
an empirical estimate of the benefits to se- duction of Medicare was on
niors of the 1965 introduction of Medicare. the reduction in out-of-pock-
Which of the following statements is true et health care spending for
concerning the results of this study? households faced with cata-
strophic events (those in the
top 25 percent of spenders).
8. Which of the following services is covered Emergency room services
under Part B of Medicare?
9. Social Security Act
1/9
, LSUS MHA 710 EXAM HEALTHCARE ECONOMICS COMPLETE COURSE
NEWEST 2026-2027 ACTUAL EXAM QUESTIONS AND CORRECT DE-
TAILED ANSWERS
Study online at https://quizlet.com/_fsgfll
Medicare and Medicaid were enacted by
the Johnson administration in 1965 as
amendments to which federal law already
in existence?
10. Medical care spending escalates as an in- Chronic illnesses increase as
dividual reaches old age. Which of the fol- we age as do the multiplicity
lowing statements is true regarding med- of services available to treat
ical care spending and the elderly? those illnesses.
11. How much did pharmaceutical companies $6.1 billion
spend on direct-to-consumer advertising
in 2019?
12. Danzon and Furukawa (2003) argue that: pharmaceutical price differ-
ences across countries are
roughly in line with differences
in per capita gross domestic
product, supporting the pre-
dictions of Ramsey pricing
practices.
13. How do individuals enroll in Part A of Individuals are automatically
Medicare? enrolled on their 65th birthday
as long as they or their spouse
has paid into the Social Secu-
rity system for 10 years
14. The tax fully dedicated to provide support a 2.9 percent payroll tax paid
for Medicare Part A is by all workers, regardless of
their age.
15. Price controls are a common feature in Countries with the most strin-
the pharmaceutical industry in most devel- gent price controls do the least
oped countries. Which one of the following research.
statements about price controls is true?
16. end-stage renal disease.
2/9
NEWEST 2026-2027 ACTUAL EXAM QUESTIONS AND CORRECT DE-
TAILED ANSWERS
Study online at https://quizlet.com/_fsgfll
1. Government regulators sometimes set the This practice is a classic ex-
price of a drug at its marginal cost of pro- ample of free riding.
duction without including a fair share of
the global joint cost of research and devel-
opment. Which of the following statements
is true about this practice?
2. What was the main effect of the agreement It extended the life of patents
on Trade-Related Aspects of Intellectual from 17 years from the date of
Property Rights (TRIPS) on United States' grant to 20 years from the date
domestic policy? of application.
3. The majority of pharmaceutical advertis- Physicians
ing is directed at which of the following
groups?
4. Part B pays what percentage of the allow- 80%
able fee set by Medicare?
5. By the time a drug enters the clinical trial an average of five years of the
phase of testing on humans, overall patent life has already
expired
6. Which of the following is a true statement ?
about long-term care?
7. Finkelstein and McKnight (2008) provide The real impact of the intro-
an empirical estimate of the benefits to se- duction of Medicare was on
niors of the 1965 introduction of Medicare. the reduction in out-of-pock-
Which of the following statements is true et health care spending for
concerning the results of this study? households faced with cata-
strophic events (those in the
top 25 percent of spenders).
8. Which of the following services is covered Emergency room services
under Part B of Medicare?
9. Social Security Act
1/9
, LSUS MHA 710 EXAM HEALTHCARE ECONOMICS COMPLETE COURSE
NEWEST 2026-2027 ACTUAL EXAM QUESTIONS AND CORRECT DE-
TAILED ANSWERS
Study online at https://quizlet.com/_fsgfll
Medicare and Medicaid were enacted by
the Johnson administration in 1965 as
amendments to which federal law already
in existence?
10. Medical care spending escalates as an in- Chronic illnesses increase as
dividual reaches old age. Which of the fol- we age as do the multiplicity
lowing statements is true regarding med- of services available to treat
ical care spending and the elderly? those illnesses.
11. How much did pharmaceutical companies $6.1 billion
spend on direct-to-consumer advertising
in 2019?
12. Danzon and Furukawa (2003) argue that: pharmaceutical price differ-
ences across countries are
roughly in line with differences
in per capita gross domestic
product, supporting the pre-
dictions of Ramsey pricing
practices.
13. How do individuals enroll in Part A of Individuals are automatically
Medicare? enrolled on their 65th birthday
as long as they or their spouse
has paid into the Social Secu-
rity system for 10 years
14. The tax fully dedicated to provide support a 2.9 percent payroll tax paid
for Medicare Part A is by all workers, regardless of
their age.
15. Price controls are a common feature in Countries with the most strin-
the pharmaceutical industry in most devel- gent price controls do the least
oped countries. Which one of the following research.
statements about price controls is true?
16. end-stage renal disease.
2/9
