The market value (fair value) of all final goods and services from a nation in a given year. correct answers Gross Domestic product
The population times the market value of the goods and services produced per person in the country correct answers Gross Domestic product
My components include c...
HP 353 Exam 2 || with Accurate Answers 100%.
The market value (fair value) of all final goods and services from a nation in a given year.
correct answers Gross Domestic product
The population times the market value of the goods and services produced per person in the
country correct answers Gross Domestic product
My components include consumption expenditures and business investments plus government
spending plus exports minus imports correct answers Gross Domestic products
Health expenditures increased/decreased between 1980 to 2009 correct answers increased ( from
9.2%GDP to 17.6%GDP)
Health expenditures increased/decreased between 2010 and 2013. correct answers stayed the
same
Between 2010 and 2013 health expenditures stayed about the same. Why? (3) correct answers
poor economy, plans with high out of pocket costs, ACA
What is the projected increase of national health expenditures by 2019? correct answers 19.6%
Sum of public and private health expenditure. Covers the provisions of health services
(preventative and curative), family planning activities, nutrition activities, and emergency aid
designated for health. correct answers Total health expenditure
Between 2010-2013 what was the percent of health expenditure in terms of GDP? correct
answers 17.1%
I provide a framework for discussion, analysis, and decision making. I also enable examination
of the relationship between health care costs and benefits in terms of improved health outcomes.
correct answers Health care costs and outcomes model
What are the 3 assumptions when examining health care costs and outcomes model? correct
answers Relevant outcome of interest is the overall health of a population rather than of any one
individual, it is possible to quantitate health at a population level,
health outcomes are directly under influence of health care
What is on the y axis of a costs and health care outcomes model? correct answers health
outcomes
Write the equation for cost correct answers price x quantity
Cost increases explained by increased price without additional quantities of health care is
efficient/inefficient from the patients' perspective correct answers inefficient (happens since no
increased quality of care is associated with the price increase )
, What am I? Examples: controlling fees and provider incomes. Cutting the price of
pharmeucitcals and other supplies. Reducing administrative waste. correct answers Painless cost
control
What am I? Examples: Eliminating medical interventions of no benefit. Substituting less costly
technologies that are equally effective. Increasing the provision of those preventitive services
that cost less than the illness they prevent. correct answers painless cost control
When deciding if a cost control method is painless who does it have to painless to? correct
answers all parties
What is my outcome? Putting people together in teams and improving the outcomes. Not talking
about adding more costs. Probably reducing cost by being more efficient. correct answers
Painless cost control
Why should we focus on price when controlling cost? correct answers inflation is a major
contributor to health care costs
What should we focus on more when controlling cost: price or quantity? correct answers price
(Healthcare rose 2.5% faster than growth in the economy between 1947-1987, 2/3 of this was
from increase in prices, only 1/3 was from increase in quantity)
In the US, prescription drug prices are often ____% higher than other countries. correct answers
50
Reasons to focus on price control: Lower prices translate to higher/lower insurance premiums
which puts more/less money in consumer's pockets correct answers lower, more
Reasons to focus on price control: As prices of health care goods and services increase, insurance
companies (increase/ decrease) and/or (increase/decrease) reimbursement to providers correct
answers increase, decrease
What are the annual increases in prescription drugs annually? correct answers 20%
Why focus on quantity when trying to control cost? (2) correct answers high quantity does not
correlate with improved outcomes, higher cost exist in areas with more specialists ad hospital
beds
What am I? Stop doing things of no proven clinical benefit. Eliminate ineffective/inappropriate
care, decrease administrative waste (US overhead is 31% - growing faster than health care
inflation) correct answers reduce quantity for cost control
What are 2 issues with controlling quantity to control cost? correct answers redistribution of
resources, may discriminate against people with disabilities
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