HCMI 3240 Final Exam | Verified with 100% Correct Answers
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Course
HCMI 3240
Institution
HCMI 3240
HCMI 3240 Final Exam | Verified with 100% Correct Answers True or False: Health care providers include physicians, hospitals, and insurance companies False True or False: Third party payers include employers and the government True Which of the following is not a factor behind the persistent grow...
True or False: Health care providers include physicians, hospitals, and insurance
companies
False
True or False: Third party payers include employers and the government
True
Which of the following is not a factor behind the persistent growth of U.S. health care
spending?
A. Innovation: development of new medical technologies
B. Expansion of public insurance programs to pay for them
C. Generous reimbursement rates to health care providers
D. increased cost-sharing by consumers
E. Patients don't face the full price of medical care at the point of care
True or False: Decentralized health care systems are better suited to achieve large-
scale coordination
False
True or False: Pure premium equals expected medical cost
True
True or False: The primary purpose of cost-sharing is to reduce adverse selection
True
Currently, per capita health care spending in the USA is about....
10,500 dollars
The U.S. spends about _____ percent of its GDP on medical care
18 percent
True or False: National health expenditure equals medical care personal expenditure
False
Reimbursement is directed towards which group in the health care system?
A. Patients/ consumers
B. Insurers
C. Sponsors
D. medical care providers
, What is the difference between coinsurance and deductibles?
Coinsurance is when insurance only covers a fraction of health expenditure; deductible
is the amount you have to pay before insurance kicks in
What is the maximum amount of the actual premium this person would pay for an
insurance policy?
A. pure premium
B. expected cost of medical care
C. expected cost of medical care plus risk premium
D. cost sharing
E. copay
When did employer-sponsored healthcare become popular in the U.S.?
WWII
Why would anyone pay more than the pure premium for healthcare insurance?
Because avoiding risk is valuable to consumers
True or False: the lead cause of increased medical spending is the aging of the
population
False
Which of the following is the best example of moral hazard?
A. not putting in an alarm system because you have home owner's insurance
B. Leaving a broken headlight out on your car because you cannot afford to get it
replaced
C. choosing to drive a truck instead of an eco-friendly one
D. quitting smoking
True or False: One reason behind why prescription drug expenditures in the USA are
higher than they are in similar affluent countries is that Americans consume more
medicine on average.
False
True or False: The U.S. health care spending is greater than other comparable nations
partly because of higher prices in the USA
True
Which of the following currently contributes the most to health care funds in the U.S.?
a. Medicare
b. Private non-group health insurance
c. Out-pocket spending
d. Medicaid
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