Louisiana State University In Shreveport

LSUS MHA 710 Economics Exam 1 Frequently Tested Exam Questions With Verified Multiple Choice and Conceptual Actual 100% Correct Detailed Answers Guaranteed Pass!!Current Update!! 1. What is the equilibrium wage and level of employment under monopsony? - ANSWER W0 and E0 2. If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be? - ANSWER W1 and E1 3. What is the most significant cost of...

Inpatient settings - Answer General & specialty short-term hospitals, long-term care facilities, such as nursing homes and skilled nursing facilities; and others Ambulatory settings - Answer Ambulatory surgery centers (ASCs), medical group practices, community health centers (CHCs), dialysis centers, urgent care centers, retail clinics, imaging centers, sleep centers, catheterization labs, vascular access centers, and telemedicine, workplace * school clinics What ambulatory car...

moral hazard - Answer behaving differently when you know someone else is taking the risk (Induced demand) adverse selection - Answer the sicker people likely want more insurance (the healthier, less) pooling of risk - Answer sharing risk proportionately among many is a basic insurance concept Non marketability of risks - Answer inherent in medicine and medical practice Health insurance Asymmetries of information Healthcare - Answer Physician vs. pati...

Uncertainty in Health Care - Answer Incomplete knowledge about the human body, disease, and medicine, leading to special economic problems and adaptations to uncertainty in the incidence of disease and efficacy of treatment (Arrow, 1963). Asymmetries of Information - Answer Information imbalances between parties, such as physician vs. patient vs. 3rd party payer, leading to nonmarket ability of risks inherent in medicine and medical practice. The health care market would collap...

Health Care System - Answer All persons, institutions, and processes supporting diagnosis and treatment of health problems and for legitimized patients by appropriate providers. Variation Among Nations' Health Care Systems - Answer - Definitions of health problems (e.g. obesity) - Diagnosis & treatment models - Social position, training, and authority of healers What is health? - Answer - Complete physical, mental, and social well-being - NOT just absence of disease or infir...

Moral Hazard - Answer When the act of ensuring 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 ris...

What are the Three evaluation criteria for health care systems according to ADAY* - Answer •Quality •Equity •Efficiency Healthcare performance at the Microlevel is? - Answer •Organizations including hospitals, physician practices, long-term care facilities, and other health care settings Healthcare performance macrolevel is? - Answer •Regions, states, nations, and other large population groups In the macro level healthcare system performance is inferred fro...

Government's role in the US health care system: - Answer developed and expanded gradually from 1800 to the present. At first, health was considered the responsibility of an individual, not government. - Answer TRUE _________ was responsible for promotion of sanitation and communicable disease control and perhaps care of the poor. (public health) - Answer Local Government The authority to establish Medicare and Medicaid have come from the courts NOT the constitution ...

•Employer-sponsored insurance (ESI) •Private health insurance not related to employment •Medicare •Medicaid •Children's Health Insurance Program (CHIP) •Military and veteran's health insurance - Answer Insured population before ACA *Unemployed *Employed with no ESI *Employed, especially the young, who did not take ESI *who chose not to be insured - Answer Uninsured Population before ACA •allow many to purchase Medicaid coverage with means-tested prem...

MHA 710 - Healthcare Economics Frequently Tested Exam Questions With Verified Multiple Choice and Conceptual Actual 100% Correct Detailed Answers Guaranteed Pass!!Current Update!! 1. Which of the following statements is true about the Medicaid program? a. The majority of total outlays are for the elderly and disabled. b. Eligibility standards are uniform across all states. c. Everyone in the poverty-level population is eligible for benefits. d. Federal tax revenues provide 10...