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MHA 710 Exam 3 LSUS Latest Update With Verified Solution
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MHA 710 Exam 3 LSUS Latest Update With Verified SolutionGovernment regulators sometimes set the price of a drug at its marginal cost of
production without adding a fair share of the global joint cost of research and
development. Which of the following statements is true about this practice? - ANSWER
This practice is a classic example of free riding.
What did the agreement on Trade-Related Aspects of Intellectual Property Rights TRIPS
primarily do to United States domestic policy? - ANS It extended the life of patents from
17 years from the date of grant to 20 years from the date of application.
Most pharmaceutical advertising is directed to which of the following groups? - ANS
Physicians
Part B pays what percentage of the allowable fee set by Medicare? - ANSWER 80%
By the time a drug enters the clinical trial phase of testing on humans, - ANSWER an
average of five years of the overall patent life has already expired
Which of the following is a true statement about long-term care? - ANSWER?
Finkelstein and McKnight 2008 give an empirical estimate of the benefits to seniors from
the 1965 introduction of Medicare. Which of the following is true about the results from
this study? - ANSWER The real impact of the introduction of Medicare was on the
reduction in out-of-pocket health care spending for households faced with catastrophic
events-those in the top 25 percent of spenders.
Which of the following is a Part B Medicare service? - ANS Emergency room services
Medicare and Medicaid were enacted by the Johnson administration in 1965 as
amendments to what existing federal law? - ANS Social Security Act
, Medical care spending increases as one ages into old age. The following question refers
to medical spending on and the elderly. Which is correct? - ANSWER Chronic diseases
rise with age as does the number of services available to diagnose, treat, and manage
those diseases.
How much did pharmaceutical firms spend on direct-to-consumer advertising in 2019? -
ANSWER $6.1 billion
Danzon and Furukawa 2003 conclude that: - ANSWER international pharmaceutical
price differences are in the ballpark of differences in per capita gross domestic product,
consistent with the predictions of Ramsey pricing practices.
How do people become enrolled in Part A of Medicare? - ANSWER People are
automatically enrolled on their 65th birthday as long as they or their spouse has paid
into the Social Security system for 10 years
The tax fully dedicated to providing support for Medicare Part A is - ANSWER a 2.9
percent payroll tax paid by all workers, regardless of their age.
Price controls are a common feature in the pharmaceutical industry in most developed
countries. Which one of the following statements about price controls is true? -
ANSWER Countries with the most stringent price controls do the least research.
The only disease-specific group qualified to receive Medicare are those afflicted with: -
ANSWER end-stage renal disease.
The Medicare pay-as-you-go system is threatened by - ANSWER Shifting United States
population demographics, with an ever greater percentage of the population over age
65.
What benefits are covered under Part A Medicare? - ANSWER Medical hospital
insurance
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