LSUS MHA 710 EXAM 3 ACTUAL TEST
QUESTIONS AND SOLUTIONS GRADED A+
PREMIUM RESOURCE
●● The tax fully dedicated to provide support for Medicare Part A is:
Answer: A 2.9 percent payroll tax paid by all workers, regardless of their
age.
●● Several reform options have been discussed by Congress to solve
some of the structural problems that plague the program. Which of the
following options has received little support?
Answer: Limit the coverage for end-of-life care, the most expensive
single item in Medicare, to include only essential palliative care.
●● Part B pays what percentage of the allowable fee set by Medicare?
Answer: 80 percent.
●● Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services since
the mid-1980s?
Answer: Outpatient services have been growing, while inpatient services
have been declining.
, ●● On average, biopharmaceutical companies spend approximately
what percentage of their sales revenue on research & development?
Answer: 5-10 percent.
●● In 2019, Medicare covered approximately how many Americans?
Answer: 60 milllion.
●● What was the main effect of the agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS) on United States' domestic
policy?
Answer: It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
●● Suppose the market for nursing services in a local community is so
dominated by a single community hospital that, for all practical
purposes, it is considered a monopsony. Using the diagram below,
answer the question.
If the market were perfectly competitive instead of dominated by a
monopsonist, what would the equilibrium wage & level of employment
be?
Answer: W1 & E1.
●● In order to be a successful price discriminator, a provider must have
a degree of market power (depicted by a downward-sloping demand
curve) & meet what other condition(s)?
QUESTIONS AND SOLUTIONS GRADED A+
PREMIUM RESOURCE
●● The tax fully dedicated to provide support for Medicare Part A is:
Answer: A 2.9 percent payroll tax paid by all workers, regardless of their
age.
●● Several reform options have been discussed by Congress to solve
some of the structural problems that plague the program. Which of the
following options has received little support?
Answer: Limit the coverage for end-of-life care, the most expensive
single item in Medicare, to include only essential palliative care.
●● Part B pays what percentage of the allowable fee set by Medicare?
Answer: 80 percent.
●● Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services since
the mid-1980s?
Answer: Outpatient services have been growing, while inpatient services
have been declining.
, ●● On average, biopharmaceutical companies spend approximately
what percentage of their sales revenue on research & development?
Answer: 5-10 percent.
●● In 2019, Medicare covered approximately how many Americans?
Answer: 60 milllion.
●● What was the main effect of the agreement on Trade-Related Aspects
of Intellectual Property Rights (TRIPS) on United States' domestic
policy?
Answer: It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
●● Suppose the market for nursing services in a local community is so
dominated by a single community hospital that, for all practical
purposes, it is considered a monopsony. Using the diagram below,
answer the question.
If the market were perfectly competitive instead of dominated by a
monopsonist, what would the equilibrium wage & level of employment
be?
Answer: W1 & E1.
●● In order to be a successful price discriminator, a provider must have
a degree of market power (depicted by a downward-sloping demand
curve) & meet what other condition(s)?
