Question 1

Health insurance benefits paid by the employer are exempt from personal income taxes and social security taxes of the employee.

Accepted Answer

A) True 
 B)False  True

Question 2

Assuming that the price of a medical encounter is $1,000 and the beneficiary has an unmet $500 deductible and 20% coinsurance rate, the amount the beneficiary will pay is:

Accepted Answer

A)  $500 
B)  $800 
C)  $600 
D)  $400 
A)  $500 
B)  $800 
C)  $600 
D)  $400 C

Question 3

What are bundled payment and how are they being used in health care?

Accepted Answer

Bundled payments are a payment method based on the costs expected to be incurred in the provision of a clinically defined episode of care, adjusted for severity and complexity of a patient's condition. Bundled payments are viewed as a blend of fee-for-service and capitation payments, discouraging the provision of unnecessary care and encouraging the coordination of care across providers, but not penalizing providers who care for sicker patients in their practice. The goal of bundled payment is to reduce fragmentation of care thereby improving quality and reducing costs. The use of bundled payments should encourage providers within the system to reorganize how care is delivered so that it is coordinated and responsive to the needs of patients.

Question 4

To be effective a consumer-engagement strategy must help consumers to

Accepted Answer

A)  Understand their risks or actual conditions so providers can manage them 
B)  Understand and make uninformed treatment choices 
C)  Advocate for private reporting by hospitals on locally recognized indicators of quality care 
D)  Choose providers based on information about their ability to deliver effective care 
E)  All of the above 
A)  Understand their risks or actual conditions so providers can manage them 
B)  Understand and make uninformed treatment choices 
C)  Advocate for private reporting by hospitals on locally recognized indicators of quality care 
D)  Choose providers based on information about their ability to deliver effective care 
E)  All of the above

Question 5

The focus of concern regarding rising healthcare costs should be on the absolute size of spending in the health care sector.

Accepted Answer

A) True 
 B)False

Question 6

If there is a vertical supply curve, then a mandated benefit will result in a full employment effect.

Accepted Answer

A) True 
 B)False

Question 7

A stop-loss feature sets a lower limit on the amount the consumer will have to pay during a specified period of time (e.g., annually or a lifetime).

Accepted Answer

A) True 
 B)False

Question 8

A tax that has a larger relative impact on the incomes of high-income individuals than on low-income individuals is considered to be

Accepted Answer

A)  Progressive 
B)  Regressive 
C)  Neutral 
D)  Indeterminate 
A)  Progressive 
B)  Regressive 
C)  Neutral 
D)  Indeterminate

Question 9

The most regressive method of financing healthcare is:

Accepted Answer

A)  Income taxation 
B)  Premiums 
C)  Sales taxation 
D)  Payroll taxation 
A)  Income taxation 
B)  Premiums 
C)  Sales taxation 
D)  Payroll taxation

Question 10

What will be the effect of mandated health insurance benefits on the market for labor if the workers do not place any value on these benefits? If they fully value the benefits?

Accepted Answer

If workers do not value the benefits at

Question 11

The fixed amount that must be paid before insurance pays anything on the medical service is the

Accepted Answer

A)  Deductible 
B)  Copayment 
C)  Coinsurance 
D)  Loading fee 
A)  Deductible 
B)  Copayment 
C)  Coinsurance 
D)  Loading fee

Question 12

Under the community rating method, all enrollees in a plan are charged the same premium.

Accepted Answer

A) True 
 B)False

Question 13

How do each of the following methods of financing the healthcare system impact on persons according to their income group?
A. Income tax
B. Sales tax
C. Payroll tax
D. Insurance premiums

Accepted Answer

The following discussion outlines the im

Question 14

The higher the deductible, the fewer the claims that will need to be processed.

Accepted Answer

A) True 
 B)False

Question 15

The burden of a sales tax will be shared by consumer and supplier.

Accepted Answer

A) True 
 B)False

Health insurance benefits paid by the employer are exempt from personal income taxes and social security taxes of the employee.

Assuming that the price of a medical encounter is $1,000 and the beneficiary has an unmet $500 deductible and 20% coinsurance rate, the amount the beneficiary will pay is:

What are bundled payment and how are they being used in health care?

To be effective a consumer-engagement strategy must help consumers to

The focus of concern regarding rising healthcare costs should be on the absolute size of spending in the health care sector.

If there is a vertical supply curve, then a mandated benefit will result in a full employment effect.

A stop-loss feature sets a lower limit on the amount the consumer will have to pay during a specified period of time (e.g., annually or a lifetime).

A tax that has a larger relative impact on the incomes of high-income individuals than on low-income individuals is considered to be

The most regressive method of financing healthcare is:

What will be the effect of mandated health insurance benefits on the market for labor if the workers do not place any value on these benefits? If they fully value the benefits?

The fixed amount that must be paid before insurance pays anything on the medical service is the

Under the community rating method, all enrollees in a plan are charged the same premium.

How do each of the following methods of financing the healthcare system impact on persons according to their income group? A. Income tax B. Sales tax C. Payroll tax D. Insurance premiums

The higher the deductible, the fewer the claims that will need to be processed.

The burden of a sales tax will be shared by consumer and supplier.

Overview of Economics

Output of the Healthcare Sector

Economic Dimensions of the Healthcare System

Demand for Health and Medical Care

Healthcare Production and Costs

Behavior of Supply

Provider Payment

Competitive Markets

Market Power in Health Care

Health Insurance

The Labor Market

Economic Evaluation of Health Services

Value Judgements and Economic Evaluation

Public Health Insurance

Regulation and Antitrust Policy in Health Care

Reform of the Healthcare Market

Filters

Exam 14: Finance Health Care

Health insurance benefits paid by the employer are exempt from personal income taxes and social security taxes of the employee.

Assuming that the price of a medical encounter is $1,000 and the beneficiary has an unmet $500 deductible and 20% coinsurance rate, the amount the beneficiary will pay is:

What are bundled payment and how are they being used in health care?

To be effective a consumer-engagement strategy must help consumers to

The focus of concern regarding rising healthcare costs should be on the absolute size of spending in the health care sector.

If there is a vertical supply curve, then a mandated benefit will result in a full employment effect.

A stop-loss feature sets a lower limit on the amount the consumer will have to pay during a specified period of time (e.g., annually or a lifetime).

A tax that has a larger relative impact on the incomes of high-income individuals than on low-income individuals is considered to be

The most regressive method of financing healthcare is:

What will be the effect of mandated health insurance benefits on the market for labor if the workers do not place any value on these benefits? If they fully value the benefits?

The fixed amount that must be paid before insurance pays anything on the medical service is the

Under the community rating method, all enrollees in a plan are charged the same premium.

How do each of the following methods of financing the healthcare system impact on persons according to their income group? A. Income tax B. Sales tax C. Payroll tax D. Insurance premiums

The higher the deductible, the fewer the claims that will need to be processed.

The burden of a sales tax will be shared by consumer and supplier.

Overview of Economics

Output of the Healthcare Sector

Economic Dimensions of the Healthcare System

Demand for Health and Medical Care

Healthcare Production and Costs

Behavior of Supply

Provider Payment

Competitive Markets

Market Power in Health Care

Health Insurance

The Labor Market

Economic Evaluation of Health Services

Value Judgements and Economic Evaluation

Public Health Insurance

Regulation and Antitrust Policy in Health Care

Reform of the Healthcare Market

Filters