HCD Exam 2 Quiz

Question 1

For indemnity insurance, patients must save receipts & fill out forms from claims to get reimbursed from the insurance

Accepted Answer

True

Question 2

According to IOM report “Unequal Treatment”, health care system, providers, & patients contribute to health disparities

Accepted Answer

True

Question 3

An employer mandate requires employers to provide health insurance for only some of their workers or pay a penalty tax.

Accepted Answer

False

Question 4

The marketing mix includes all of the following EXCEPT

Accepted Answer

The payment

Question 5

Which of these countries does NOT have public Healthcare delivery

Accepted Answer

Germany

Question 6

In 2030, the number of people projected to be using Medicare is projected to be over 76 million.

Accepted Answer

True

Question 7

Both the United Kingdom and Cuba have socialized medicine in their countries

Accepted Answer

True

Question 8

Compared to other countries, the US has all of the following characteristics concerning their health care EXCEPT

Accepted Answer

More egalitarian distribution of resources

Question 9

States have flexibility to determine Medicaid eligibility criteria as long as they adhere to federal guidelines.

Accepted Answer

True

Question 10

When evaluating risk, "pure" risk is the same as "speculative" risk.

Accepted Answer

False

Question 11

Which of the following are FALSE regarding the Affordable Care Act (ACA)?

Accepted Answer

a. Prohibits young adults from remaining on their parent&#x27;s insurance.

Question 12

In 2030, the number of people projected to be using Medicare will be over 76 million.

Accepted Answer

True

Question 13

All of the following are TRUE concerning Medicare EXCEPT

Accepted Answer

It cover patients with end stage liver and renal disease

Question 14

Which of these terms matches Uncompensated care pool

Accepted Answer

Account financed by tax on hospital bills and tax revenue

Question 15

Which of these moves ALONG the demand curve

Accepted Answer

Change in quantity demanded

Question 16

Which of these Contain costs by controlling reimbursement for Medicare.

Accepted Answer

DRGs

Question 17

What happens when the entire demand curve shifts

Accepted Answer

Change in demand

Question 18

The law of demand states that quantity has what type of relation to price

Accepted Answer

Quantity is inversely related to price

Question 19

The economic concept that measures responsiveness of consumer demand to a change in price is called

Accepted Answer

Elasticity

Question 20

Which of these characteristics about monopoly is FALSE

Accepted Answer

Can maximize revenue by liberating supply and decreasing price

Question 21

Which of the following activities would I consult the Centers for Disease Control and Prevention website for?

Accepted Answer

Review schedule for childhood immunizations

Question 22

Which of these characteristics about oligopoly is FALSE

Accepted Answer

Few buyers and many sellers

Question 23

Which of these is NOT a part of the iron triangle

Accepted Answer

State Representatives

Question 24

Individuals in the US who receive health care through Medicare or Medicaid are participating in which health insurance

Accepted Answer

National health insurance

Question 25

The United Kingdom and Cuba are two examples of socialized medicine healthcare model.

Accepted Answer

True

Question 26

Which of these characteristics about perfect competition is FALSE

Accepted Answer

Plenty of collusion

Question 27

Which of these terms matches Medicaid waiver

Accepted Answer

Gives permission to allow states to operate outside federal guidelines

Question 28

Which of these has a Socialized Insurance Program

Accepted Answer

Canada

Question 29

A specified amount that you pay every time a service is provided is called_________________

Accepted Answer

Copayment

Question 30

Which of these is associated with the Beveridge model

Accepted Answer

United Kingdom

Question 31

Which of these terms matches employee mandate

Accepted Answer

Requires employees to purchase health insurance

Question 32

Which of these characteristics about monopolistic competition is FALSE

Accepted Answer

Has standard and interchangeable products

Question 33

CMS and a single agency designated in each state are responsible for administering Medicaid.

Accepted Answer

True

Question 34

The top funded federal agency with greatest involvement in healthcare is the Agency for Healthcare Research and Quality?

Accepted Answer

True

Question 35

Demand is synonymous with need or want

Accepted Answer

False

Question 36

When a physician must request prior approval from the Pharmacy Benefits Manager to have the drug covered.

Accepted Answer

Prior authorization

Question 37

Value is determined by what

Accepted Answer

Marginal utility

Question 38

The United States has all of the following characteristics concerning their health care EXCEPT

Accepted Answer

More egalitarian distribution of resources

Question 39

In the law of supply, what happens to the amount of product supplied if individuals are willing to pay more for a good

Accepted Answer

Product supplied increases

Question 40

Which are NOT considered "basic" resources when evaluating from an economic perspective.

Accepted Answer

Money

Question 41

For indemnity insurance patients needs to save receipts and fill out forms to get reimbursed from the insurance company

Accepted Answer

True

Question 42

What is the law of diminishing marginal utility

Accepted Answer

Satisfaction for a good declines as one consumes more of it

Question 43

What is the economic term for the satisfaction obtained from consumption of a good or service

Accepted Answer

Utility

Question 44

All of the following are main parts of "The Iron Triangle" EXCEPT

Accepted Answer

United states supreme court

Question 45

The following describes "efficiency"

Accepted Answer

The drug provided the best allocation of resources to optimize productivity

Question 46

First discovery of health disparities was in the Black Report, which deemed race & ethnicity the cause of health issues

Accepted Answer

False

Question 47

Which of these improved access by not denying coverage (beyond a 1 yr exclusionary period) due to preexisting conditions

Accepted Answer

HIPAA

Question 48

Which executive government office is responsible for approving federal agency budgets?

Accepted Answer

Office of Management and Budget (OMB)

Question 49

The amount you pay monthly so that you can have health insurance is called the premium

Accepted Answer

True

Question 50

Which is NOT a type of elasticity of Demand

Accepted Answer

Price elasticity

Question 51

Pharmacoeconomics was developed using techniques from public economics to establish value in healthcare

Accepted Answer

True

Question 52

Which of these is associated with the Bismarck Model

Accepted Answer

Germany

Question 53

Changes in the following cam cause consumers to change their demand for a good

Accepted Answer

All of the above

Question 54

Medicare Part A includes all of the following EXCEPT

Accepted Answer

Outpatient prescription medication coverage

Question 55

The amount you pay monthly so that you can have health insurance is called the "premium"

Accepted Answer

True

Question 56

The "Y" axis for a supply curve is "price" while the "x" axis is quantity.

Accepted Answer

True

Question 57

The following was a finding from the Heckler Report?

Accepted Answer

There are 60,000 additional deaths per year due to disparities in the US

Question 58

What are the two most important concepts in economics?

Accepted Answer

Supply and demand

Question 59

The purpose of insurance is to transfer part of the risk to the insurer

Accepted Answer

True

Question 60

Which of these improved quality by giving incentives to "meaningfully use" technology.

Accepted Answer

HITECH Act

Question 61

Which of these has single payer healthcare

Accepted Answer

Canada

Question 62

Which of these improved cost of prescription drugs and access

Accepted Answer

Medicare Prescription Drug, Improvement, and Modernization Act of 2003

Question 63

Which of the following was a finding from the Heckler Report?

Accepted Answer

There are 60,000 additional deaths per year due to disparities in the US

Question 64

Which of these has a Decentralized national health program

Accepted Answer

Germany

HCD Exam 2 Quiz

Questions 67

HCD Exam 2 Quiz

Questions 67