Exam (elaborations)
MHA 707 CH 6 Question & Answers ( Latest Eaxm )
- Course
- Institution
MHA 707 CH 6 Question & Answers ( Latest Eaxm )
[Show more]
Seller
Follow
Content preview
MHA 707 CH 6 Question & Answers ( LatestEaxm )
____ is like no other sector of the economy. - Correct Answers
✅healthcare
Even after a millennium of observation and study, our knowledge about
the human body, disease, and medicine is very much ____. - Correct
Answers ✅incomplete
In arrows explanation, the special economic problems of medical care
can be explained by adaptations to ____. - Correct Answers
✅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 Answers ✅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 Answers ✅moral hazard
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 Answers
✅moral hazard
,MHA 707 CH 6 Question & Answers ( Latest
Eaxm )
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 Answers
✅single national health care payment system
what is asymmetry information? - Correct Answers ✅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 Answers ✅you can't put a price
on it and you can't get paid back creating a lot of issues
___ 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 Answers ✅moral hazard
____ is the idea that sicker people likely want more insurance (the
healthier, want less insurance). - Correct Answers ✅adverse
selection
___ is the idea that sharing risk proportionately among many is a basic
insurance concept. - Correct Answers ✅pooling of risk
, MHA 707 CH 6 Question & Answers ( Latest
Eaxm )
In response to this, financing health care in the United States is a
complex matter of ____. - Correct Answers ✅workarounds,
redundancies, and contradictions
Since 1964, the U.S. Department of Health and Human Services (DHHS)
has published data annually on total health expenditures for the United
States, called the ____. - Correct Answers ✅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 Answers
✅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 Answers ✅three or four years
THE NHEA have the following benefits for understanding the healthcare
sector spending: - Correct Answers ✅comprehensive,
multidimensional, and consistent
The NHEA are comprehensive because - Correct Answers ✅they
contain all of the main components of the healthcare system within a
unified mutually exclusive and exhaustive strusture
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller natashamary2001. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.35. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now