Question 1

Most of the variation in healthcare demand between countries can be explained using which of the following?

Accepted Answer

Gross domestic product (GDP) is a strong indicator of healthcare demand as it reflects the economic capacity of a country to spend on healthcare services. Higher GDP often correlates with higher healthcare spending and demand.

Question 2

What is the term of the following definintion.
-Have lower price elasticities because these goods are used jointly.

Accepted Answer

The answer of What is the term of the following...

Question 3

What is the term of the following definintion.
-A good for which income elasticity is positive but less than 1.

Accepted Answer

The answer of What is the term of the following...

Question 4

What is the term of the following definintion.
-A good in which the percentage increase in the quantity consumed is greater than the associated percentage increase in income

Accepted Answer

The answer of What is the term of the following...

Question 5

What is the term of the following definintion.
-Measures responsiveness of consumer demand for health care to changes in the price of a good or service.

Accepted Answer

The answer of What is the term of the following...

Question 6

At what point may consumers choose to be rationally ignorant and delegate the decision making to the service provider?

Accepted Answer

When the costs of obtaining information are too high, the information is highly specialized or difficult to obtain, or the likely benefits are too low, consumers may choose to be rationally ignorant and delegate the decision making to the service provider.

Question 7

If providers make healthcare decisions in a manner fully consistent with patients' preferences, unaffected by the consequences for themselves, they would be acting as ___________________.

Accepted Answer

The answer of If providers make healthcare decisions in a...

Question 8

Estimates of the price elasticity of demand for a good or service that requires time will tend to be biased if one does not also take into account the time and money costs.

Accepted Answer

Ignoring time and money costs can lead to inaccurate estimates of price elasticity, as these factors influence consumer behavior and demand.

Question 9

In what type of prospective reimbursement is the size of the budget paid to the hospital set prospectively across the whole range of treatments provided and is unrelated to the actual costs incurred or to the workload?

Accepted Answer

Global budgeting involves setting a fixed budget for a hospital prospectively, covering all treatments provided, and is not related to actual costs or workload.

Question 10

Which of the following are predicted effects of the DRG pricing method?

Accepted Answer

The answer of Which of the following are predicted effects...

Question 11

Which of the following arises when hospitals deliberately or inadvertently classify cases into DRGs that carry a higher payment, indicating that they are more complicated than what they really are?

Accepted Answer

DRG creep occurs when hospitals classify cases into Diagnosis-Related Groups (DRGs) that result in higher payments, often by exaggerating the severity of a patient's condition.

Question 12

Which of the following means that a third-party payer agrees to steer individuals insured on their plans to selected providers and, in turn, the selected providers charge lower prices to insurers?

Accepted Answer

Selective contracting involves agreements where third-party payers direct insured individuals to specific providers who offer lower prices in exchange for increased patient volume.

Question 13

The main feature of a __________________ is that the insurance company and the healthcare provider vertically integrate to become different parts of the same organization.

Accepted Answer

The answer of The main feature of a __________________ is...

Question 14

In what type of HMO does the HMO employ the physicians directly?

Accepted Answer

In a staff model HMO, the HMO employs physicians directly, and they typically work in facilities owned by the HMO.

Question 15

What is the term of the following definintion.
-Provides health care to the individual in return for a fixed fee, therefore combing the role of third-party payer and the healthcare provider.

Accepted Answer

The answer of What is the term of the following...

Question 16

What is the term of the following definintion.
-Employs primary care physician gatekeepers who authorize any health care offered by the preferred provider network.

Accepted Answer

The answer of What is the term of the following...

Question 17

What is the term of the following definintion.
-A model for the organization of primary care that provides comprehensive care, including preventative, acute, mental health, and chronic care through a team approach in order to reap efficiencies and enhance quality and coordination of care.

Accepted Answer

The answer of What is the term of the following...

Question 18

What is the term of the following definintion.
-A set of healthcare providers that works together and accepts group responsibility for the cost and quality of care delivered to its patient base.

Accepted Answer

The answer of What is the term of the following...

Question 19

What type of private insurance provides the only form of insurance coverage for the individual relative to paying for services out of pocket completely?

Accepted Answer

Substitutive private insurance is designed to replace public insurance coverage, providing the only form of insurance coverage for individuals who would otherwise have to pay for services out of pocket.

Question 20

When insurance coverage lowers the monetary costs of healthcare services to people, there is less importance on the component of time cost.

Accepted Answer

The answer of When insurance coverage lowers the monetary costs...

Quiz 19: Healthcare Economics and Policy

Most of the variation in healthcare demand between countries can be explained using which of the following?

What is the term of the following definintion. -Have lower price elasticities because these goods are used jointly.

What is the term of the following definintion. -A good for which income elasticity is positive but less than 1.

What is the term of the following definintion. -A good in which the percentage increase in the quantity consumed is greater than the associated percentage increase in income

What is the term of the following definintion. -Measures responsiveness of consumer demand for health care to changes in the price of a good or service.

At what point may consumers choose to be rationally ignorant and delegate the decision making to the service provider?

If providers make healthcare decisions in a manner fully consistent with patients' preferences, unaffected by the consequences for themselves, they would be acting as ___________________.

Estimates of the price elasticity of demand for a good or service that requires time will tend to be biased if one does not also take into account the time and money costs.

In what type of prospective reimbursement is the size of the budget paid to the hospital set prospectively across the whole range of treatments provided and is unrelated to the actual costs incurred or to the workload?

Which of the following are predicted effects of the DRG pricing method?

Which of the following arises when hospitals deliberately or inadvertently classify cases into DRGs that carry a higher payment, indicating that they are more complicated than what they really are?

Which of the following means that a third-party payer agrees to steer individuals insured on their plans to selected providers and, in turn, the selected providers charge lower prices to insurers?

The main feature of a __________________ is that the insurance company and the healthcare provider vertically integrate to become different parts of the same organization.

In what type of HMO does the HMO employ the physicians directly?

What is the term of the following definintion. -Provides health care to the individual in return for a fixed fee, therefore combing the role of third-party payer and the healthcare provider.

What is the term of the following definintion. -Employs primary care physician gatekeepers who authorize any health care offered by the preferred provider network.

What is the term of the following definintion. -A model for the organization of primary care that provides comprehensive care, including preventative, acute, mental health, and chronic care through a team approach in order to reap efficiencies and enhance quality and coordination of care.

What is the term of the following definintion. -A set of healthcare providers that works together and accepts group responsibility for the cost and quality of care delivered to its patient base.

What type of private insurance provides the only form of insurance coverage for the individual relative to paying for services out of pocket completely?

When insurance coverage lowers the monetary costs of healthcare services to people, there is less importance on the component of time cost.