HSA3111 Questions and Answers 100%
Correct
A side effect or secondary impact imposed on someone because of
another person's or entity's action (for example, secondary smoke) is
called - An externality
Resources in economics are also known as - inputs
One can always know exactly what an opport...
A side effect or secondary impact imposed on someone because of
another person's or entity's action (for example, secondary smoke) is
called✔✔ - An externality
Resources in economics are also known as✔✔ - inputs
One can always know exactly what an opportunity cost is.✔✔ - F
Adverse selection can cause healthcare premiums to skyrocket.✔✔ - T
Quality-adjusted life years (QALYs) are used to calculate the cost versus
the effectiveness of a medical treatment.✔✔ - T
Which is not a reason people tend to overconsume healthcare
services?✔✔ - The integration of healthcare providers
Morbidity and mortality mean the same thing.✔✔ - F
Diabetes is a preexisting condition that prior to the Affordable Care Act was
a reason to exclude people from health insurance.✔✔ - T
, Asymmetric information generally does not exist between doctors and their
patients.✔✔ - F
Healthcare is very inelastic because when its cost increases, the demand
decreases substantially.✔✔ - F
Copays are a type of out-of-pocket cost for healthcare.✔✔ - T
Most employees choose a preferred provider organization (PPO) for their
health insurance.✔✔ - T
Physician-induced demand decreases the number of patients a doctor sees
per day.✔✔ - F
Concierge medicine targets people with high deductibles for primary
care.✔✔ - T
Which of the following component of healthcare insurance is no longer
used?✔✔ - Lifetime or annual limits
A person with an indemnity healthcare insurance plan will✔✔ - Have great
flexibility in choosing their healthcare providers
The Affordable Care Act did all of the following except which?✔✔ -
Expanded Medicare
More Americans obtain health insurance through Medicare than from their
employers.✔✔ - F
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