Exam 7: Economic Issues in Nursing and Health Care

While studying health care economics,the nursing professor explains to a class that the economic principle of opportunity costs means that

A nurse performing a technology assessment understands that the results of the assessment will be used to

An insurance company's internal statistics show that the company is losing a great deal of money processing small,frequent claims submitted by its customers.The company accountant suggests that the best way to decrease this loss is to

A chief nursing officer (CNO)is concerned about the ongoing nursing shortage and wants to implement strategies to keep it from getting worse.Which action by the CNO would best meet this goal?

A nurse economist is explaining to a class that the health care market exists in a state of "market failure" because

A practicing nurse is interested in health care economics.To create an environment where health care more closely resembles the consumer market,this nurse would place high priority on activities revolving around

A nurse wishes to get a job in a large city with many hospitals from which to choose but is dismayed to learn that the wages for nurses are nearly as low in the city as in the rural area where the nurse lives.The nurse concludes that

A nurse realizes that nurse-run clinics demonstrate increasing economic value in nursing because they

A state nurses association has convinced hospitals in that state to offer very attractive wage and benefits packages to nurses.To determine whether this strategy is working to provide a long-term solution to the nursing shortage,the association would measure the

A nurse is explaining Medicaid and Medicare to a patient and describes the biggest difference in the programs as being the

A nursing manager wants to be involved in activities that would systematically improve quality care.The manager would best accomplish this by

A chief nursing officer (CNO)wants to respond to a threatened reduction in nursing positions in a hospital where financial conditions are poor.Which action by the CNO would be best?

A student is discussing the impact of magnet hospitals as an example of positive-sum competition.The student would best describe magnet hospitals' contribution to this model as

At a rally for better health care coverage,a nurse hears someone say that government-sponsored health programs are inherently unfair.What statement best justifies this position?

The nurse is explaining the American health care system to a patient from another country that has government-sponsored health care.The nurse would explain that one driving force for private insurance has been

The nurse studying health care economics understands that a system that valued attaining competitive advantage as its primary goal would be classified as operating in the model of _____-sum competition.

An economist explains that consumerism is not a preferred mechanism for the health care market because of the

A student is explaining the Health Insurance Marketplace to a relative.What information does the student provide? (Select all that apply. )

The Director of Nursing (DON)at a large urban hospital is tasked with increasing the hospital's profits and improving quality.What action by the DON is best?

In trying to understand current problems in today's health care environment,the nurse could reframe the discussion as a problem created by