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Question 1) A 2017 study showing that the proportion of people with health insurance is higher among people with higher income Correct! is an example of positive economics
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Question 1) |
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A 2017 study showing that the proportion of people with health insurance is |
higher among people with higher income Correct!
is an example of positive economics.
is an example of normative economics.
is an example of qualitative economics.
is an example of Australian economics.
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Question 2
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Insurance makes transactions complex because |
it adds parties to medical transactions.
different insurers have different payment rules and rates.
different insurers have different claim forms. Correct!
All of the above.
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Question 3
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Which of the following are scarce resources? |
Space in a building
The time of a manager
Pharmaceuticals
Correct!
All of the above
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Question 4
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ADC makes latex-free tubing for blood pressure instruments. This is |
an output of ADC.
an input into the production of health.
Correct!
both an input and an output.
These concepts do not apply to this sort of product.
Question 5
From an input perspective,
only the cost of a product matters.
only the performance of the product matters.
both the price and performance of the product matter.
Correct!
the price and performance of the product have to be compared to alternatives.
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Question 6
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Hospital spending in the United States |
still accounts for the largest share of healthcare spending.
has risen as a share of the total since 2000.
is about six times as large as total nursing care and retirement facility expenditures.
Correct!
All of the above
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Question 7
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If it costs $500 to screen one child and $10 to screen each additional child, the |
incremental cost of screening is
Correct!
$10.
$50.
$500.
None of the above
Question 8
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If 100 treated patients live 0.2 years longer than 100 untreated patients, this represents |
0.2 life years.
2 life years.
Correct!
20 life years.
500 life years.
Question 9
A new treatment for 1,000 costs $1,000,000. The life expectancy of each patient who got the new treatment increased by two years. What is its cost per life year?
$500,000.
$2,000.
$1,000.
Correct!
$500.
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Question 10 |
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A policy change that would reflect the input view of healthcare would be |
subsidizing health insurance for low-income children.
Correct!
subsidizing construction of neighborhood walking trails.
eliminating payments by consumers for annual checkups.
All of the above
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Question 11
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The main function of insurance is to |
make healthcare free.
reduce total spending on healthcare.
Correct!
pool the risks of healthcare costs.
All of the above
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Question 12
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Which of the following statements is true? |
Out-of-pocket spending has been rising as a share of the total.
The uninsured tend to have above-average incomes.
HMOs have all but disappeared as types of insurance.
Correct!
The uninsured often have problems accessing appropriate care.
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Question 13 |
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A surgeon charges $5,000 for a procedure. His contract with your insurer sets an |
allowed fee of 80% of charges. You are responsible for 25% of the allowed fee. How much do you pay?
Correct!
$1,000
$1,250
$2,250
$3,000
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Question 14 |
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Which of the following would be an example of case-based payment? |
Four-tier pharmacy formularies
Copayment waivers for primary care services
Correct!
Medicare DRGs
All of the above
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Question 15 |
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Different payment systems are important because |
they create different incentive systems for providers.
they create different incentive systems for consumers.
they lead to different patterns of care.
Correct!
All of the above
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Question 16 |
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An insurance plan that pays a bonus based on quality is called |
a DRG plan.
an HMO plan.
a capitation plan.
Correct!
a value-based plan.
Question 17
Under a capitation plan,
payments to providers depend on the number of episodes of care.
patients pay a share of the bill rather than a set fee.
patients pay a set fee for each service provided.
orrect!
payments to providers depend on the number of enrolled patients.
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Question 18 |
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In a POS plan, |
all of the physicians are employees of the plan.
Correct!
cost sharing is higher for nonnetwork providers.
nonnetwork providers can only provide emergency care.
All of the above
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