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MHA 707 CH 6 Exam Questions and Answers (Latest Update 2024) 150 Questions
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MHA 707 CH 6 Exam Questions and Answers (Latest Update 2024) 150 Questions
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MHA 707 CH 6 Exam Questions andAnswers (Latest Update 2024) 150
Questions
____ is like no other sector of the economy. - Correct Answer
✅healthcare
Even after a millennium of observation and study, our
knowledge about the human body, disease, and medicine is
very much ____. - Correct Answer ✅incomplete
In arrows explanation, the special economic problems of
medical care can be explained by adaptations to ____. -
Correct Answer ✅uncertainty in the incidence of disease
and in the efficacy of treatment
The physician nearly always has more medical knowledge,
patients generally know more about their own history, so
there is usually a significant ___. - Correct Answer
✅information asymmetry between patient and provider
Economists refer to situations in which an individual's
behavior changes when he or she is able to shift the risks of
decisions to others as ____. - Correct Answer ✅moral
hazard
,MHA 707 CH 6 Exam Questions and
Answers (Latest Update 2024) 150
Questions
If an accident costs a person $2,000 but insurance pays
$1,500 the insured person has less incentive to avoid the
accident than if the insurance paid only $500. This is an
example of: - Correct Answer ✅moral hazard
because the United States lacks a ____, how the money is
paid to the providers of health care has become very
complicated a situation that health care reform policies have
not reduced. - Correct Answer ✅single national health care
payment system
what is asymmetry information? - Correct Answer ✅occurs
when one party to an economic transaction possesses
greater material knowledge than the other part
The risks that are inherent in medicine and medical practice
are really nonmarketable in that ___. - Correct Answer ✅you
can't put a price on it and you can't get paid back creating a
lot of issues
,MHA 707 CH 6 Exam Questions and
Answers (Latest Update 2024) 150
Questions
___ is behaving differently when you know someone else is
taking the risk (induced demand). ex. people don't stop
smoking even though they know it leads to cancer bc they
know the health insurance will pay for it. - Correct Answer
✅moral hazard
____ is the idea that sicker people likely want more insurance
(the healthier, want less insurance). - Correct Answer
✅adverse selection
___ is the idea that sharing risk proportionately among many
is a basic insurance concept. - Correct Answer ✅pooling of
risk
In response to this, financing health care in the United States
is a complex matter of ____. - Correct Answer
✅workarounds, redundancies, and contradictions
Since 1964, the U.S. Department of Health and Human
Services (DHHS) has published data annually on total health
, MHA 707 CH 6 Exam Questions and
Answers (Latest Update 2024) 150
Questions
expenditures for the United States, called the ____. - Correct
Answer ✅National Health Expenditure Accounts (NHEA)
The NHEA are the official estimates of health care spending in
the United States. The goal for the NHEA is to____. - Correct
Answer ✅measure spending on health care consumption
and health care investment in the medical sector
NHEA statistics are usually published _____after the date you
would have liked to have them. - Correct Answer ✅three or
four years
THE NHEA have the following benefits for understanding the
healthcare sector spending: - Correct Answer
✅comprehensive, multidimensional, and consistent
The NHEA are comprehensive because - Correct Answer
✅they contain all of the main components of the healthcare
system within a unified mutually exclusive and exhaustive
strusture
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