Question 1

The idea that one pays a relatively small known cost for protection against an uncertain and much larger cost is the basic principle behind

Accepted Answer

A)   insurance.
B)   copayment.
C)   moral hazard.
D)   asymmetric information.E) All of the above
F) B) and C)

Question 2

In the past several decades, U.S. health care expenditures have

Accepted Answer

A)   risen absolutely but declined as a percentage of GDP.
B)   declined absolutely but risen as a percentage of GDP.
C)   risen absolutely and as a percentage of GDP.
D)   declined absolutely and as a percentage of GDP.E) A) and D)
F) A) and B)

Question 3

(Last Word)  Whole Foods Market's personal wellness accounts for employees

Accepted Answer

A)   create significant moral hazard in the purchase of health care services.
B)   provide bonus payments for employees meeting certain health criteria and participating in company wellness activities.
C)   encourage employees to consider the opportunity costs of their medical spending.
D)   encourage employees to overspend for health care, as they view it as "free money."E) A) and D)
F) A) and C)

Question 4

What health care program provides payment for medical benefits to certain low-income people, including the blind, the elderly, persons with disabilities, children, and adults with dependent children?

Accepted Answer

A)   Medicaid
B)   Medicare
C)   HMOs
D)   PPOsE) C) and D)
F) B) and C)

Question 5

A health care organization that contracts with employers to provide health insurance to their workers, and hires doctors and other groups to provide health care for the workers who are insured is a

Accepted Answer

A)   preferred provider organization.
B)   health maintenance organization.
C)   diagnosis-related group system.
D)   regional health alliance.E) C) and D)
F) All of the above

Question 6

In the United States, approximately how many doctors are there per 100,000 population?

Accepted Answer

A)   162
B)   245
C)   580
D)   5,600E) B) and C)
F) A) and D)

Question 7

After WWII, a provision in the federal tax law favored company-provided health insurance over individual-purchased health insurance. By 2007, about what percentage of people with private health insurance in the U.S. received it as an employer-provided benefit?

Accepted Answer

A)   34 percent
B)   51 percent
C)   72 percent
D)   88 percentE) A) and B)
F) B) and C)

Question 8

Raising deductibles and copayments in health insurance plans is one effective way to contain health care costs.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a law passed in the last 20 years relating to health care?

Accepted Answer

A)   establishment of health maintenance organizations to reduce health care costs
B)   establishment of deductibles and copayments in health insurance policies
C)   establishment of health savings accounts (HSAs)  to promote saving for routine medical expenses
D)   establishment of fixed Medicare payment to hospitals based on one of several hundred diagnostic categoriesE) B) and C)
F) B) and D)

Question 10

The main focus of the Patient Protection and Affordable Care Act (PPACA) is the provision of health insurance coverage to all Americans.

Accepted Answer

A) True 
 B)False

Question 11

The unemployed are disproportionately represented among the uninsured because

Accepted Answer

A)   one must be working to qualify for Medicaid.
B)   most workers obtain health insurance through their employers.
C)   most are young and in excellent health, so they choose not to purchase health insurance.
D)   a large percentage of the unemployed are heads of single-parent families.E) B) and D)
F) B) and C)

Question 12

"Defensive medicine" means the same thing as "preventive medicine."

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a supply factor in the health care market?

Accepted Answer

A)   defensive medicine
B)   the aging of the population
C)   slow productivity growth in the health care industry
D)   asymmetric informationE) None of the above
F) B) and C)

Question 14

About what percentage of health care spending in the U.S. in 2014 was financed by private health insurance?

Accepted Answer

A)   15 percent
B)   35 percent
C)   50 percent
D)   75 percentE) B) and D)
F) B) and C)

Question 15

The health care market is characterized by

Accepted Answer

A)   extensive negative externalities.
B)   significant positive externalities.
C)   perfect knowledge by both buyers and sellers.
D)   a perfectly inelastic demand.E) All of the above
F) A) and B)

Question 16

Approximately what percentage of U.S. health care spending is financed by public insurance?

Accepted Answer

A)   18 percent
B)   40 percent
C)   44 percent
D)   57 percentE) All of the above
F) B) and D)

Question 17

As a percentage of GDP, U.S. health care spending is

Accepted Answer

A)   higher than that for Germany and Japan but lower than that of the United Kingdom and Sweden.
B)   higher than for any other major industrial country.
C)   lower than that for Canada.
D)   nearly identical to that of the other major industrial nations.E) A) and B)
F) All of the above

Question 18

What are the two major problems facing the health care system of the United States?

Accepted Answer

A)   the inadequate supply of physicians and the need to build more hospitals
B)   increasing the demand for and supply of health care
C)   the rapid rate of technological change and an unhealthy population
D)   the need to control costs and make health care accessibleE) A) and B)
F) A) and C)

Question 19

Which of the following is a demand factor in the market for health care?

Accepted Answer

A)   the number of nurses graduating from universities
B)   productivity in the health care industry
C)   changes in medical technology
D)   physicians' treatment decisionsE) B) and C)
F) A) and D)

Question 20

Health savings accounts enable individuals who have high-deductible private insurance to place tax-free dollars into special accounts that can be used to pay for medical expenses.

Accepted Answer

A) True 
 B)False

Exam 24: Health Care

"Defensive medicine" means the same thing as "preventive medicine."

Correct AnswerverifiedShow Answer

Approximately what percentage of U.S. health care spending is financed by public insurance?

Correct AnswerverifiedShow Answer

After WWII, a provision in the federal tax law favored company-provided health insurance over individual-purchased health insurance. By 2007, about what percentage of people with private health insurance in the U.S. received it as an employer-provided benefit?

Correct AnswerverifiedShow Answer

Which of the following is a law passed in the last 20 years relating to health care?

Correct AnswerverifiedShow Answer

What health care program provides payment for medical benefits to certain low-income people, including the blind, the elderly, persons with disabilities, children, and adults with dependent children?

Correct AnswerverifiedShow Answer

(Last Word) Whole Foods Market's personal wellness accounts for employees

Correct AnswerverifiedShow Answer

In the United States, approximately how many doctors are there per 100,000 population?

Correct AnswerverifiedShow Answer

Raising deductibles and copayments in health insurance plans is one effective way to contain health care costs.

Correct AnswerverifiedShow Answer

Which of the following is a supply factor in the health care market?

Correct AnswerverifiedShow Answer

Which of the following is a demand factor in the market for health care?

Correct AnswerverifiedShow Answer

The main focus of the Patient Protection and Affordable Care Act (PPACA) is the provision of health insurance coverage to all Americans.

Correct AnswerverifiedShow Answer

A health care organization that contracts with employers to provide health insurance to their workers, and hires doctors and other groups to provide health care for the workers who are insured is a

Correct AnswerverifiedShow Answer

The health care market is characterized by

Correct AnswerverifiedShow Answer

As a percentage of GDP, U.S. health care spending is

Correct AnswerverifiedShow Answer

The unemployed are disproportionately represented among the uninsured because

Correct AnswerverifiedShow Answer

In the past several decades, U.S. health care expenditures have

Correct AnswerverifiedShow Answer

What are the two major problems facing the health care system of the United States?

Correct AnswerverifiedShow Answer

The idea that one pays a relatively small known cost for protection against an uncertain and much larger cost is the basic principle behind

Correct AnswerverifiedShow Answer

Health savings accounts enable individuals who have high-deductible private insurance to place tax-free dollars into special accounts that can be used to pay for medical expenses.

Correct AnswerverifiedShow Answer

About what percentage of health care spending in the U.S. in 2014 was financed by private health insurance?

Correct AnswerverifiedShow Answer

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