Question 1

Benefits of the Affordable Care Act (ACA)have been categorized in all of the following areas EXCEPT:

Accepted Answer

A)  Care and access 
B)  Coverage and costs 
C)  Consumer protections 
D)  State-specific provisions 
A)  Care and access 
B)  Coverage and costs 
C)  Consumer protections 
D)  State-specific provisions D

Question 2

Which of the following is true about diagnosis-related groups (DRGs)? Select all that apply.

Accepted Answer

A)  Rewards cost savings 
B)  Is a prospective pricing system 
C)  Is an insurance classification system 
D)  Relies on the provider's coding system 
A)  Rewards cost savings 
B)  Is a prospective pricing system 
C)  Is an insurance classification system 
D)  Relies on the provider's coding system A,B

Question 3

The gross national product (GNP)is a measure of the domestic goods and services produced within the nation on an annual basis.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following is true about healthcare economics? Select all that apply.

Accepted Answer

A)  It focuses on supply and demand rather that patient satisfaction. 
B)  It focuses on how components of healthcare differ from those of private agencies. 
C)  It is a branch of economics that examines local governmental control of healthcare. 
D)  It analyzes how different parts of the healthcare system works together to meet patient needs. 
A)  It focuses on supply and demand rather that patient satisfaction. 
B)  It focuses on how components of healthcare differ from those of private agencies. 
C)  It is a branch of economics that examines local governmental control of healthcare. 
D)  It analyzes how different parts of the healthcare system works together to meet patient needs.

Question 5

In addition to the cost of providing care to patients,which of the following are also calculated into the cost of healthcare?

Accepted Answer

A)  Past consumer healthcare experiences 
B)  Business decisions on patient insurance 
C)  Consumer demand and ability to purchase healthcare 
D)  None of the above 
A)  Past consumer healthcare experiences 
B)  Business decisions on patient insurance 
C)  Consumer demand and ability to purchase healthcare 
D)  None of the above

Question 6

Which of the following statements accurately describe the ICD-10 codes? Select all that apply.

Accepted Answer

A)  Focus on the causes of death 
B)  Focus on causes of morbidity 
C)  Contain nearly 5,000 classification codes 
D)  Affect diagnosis and inpatient coding for everyone covered by the Health Insurance Portability and Accountability Act (HIPA
A)  
A)  Focus on the causes of death 
B)  Focus on causes of morbidity 
C)  Contain nearly 5,000 classification codes 
D)  Affect diagnosis and inpatient coding for everyone covered by the Health Insurance Portability and Accountability Act (HIPA
A)

Question 7

Similar to the United States,which of the following nations spends a large proportion on healthcare insurance and administration?

Accepted Answer

A)  France 
B)  Canada 
C)  Sweden 
D)  United Kingdom 
A)  France 
B)  Canada 
C)  Sweden 
D)  United Kingdom

Question 8

Which of the following are the major factors driving healthcare costs in the United States? Select all that apply.

Accepted Answer

A)  Aging of the population 
B)  Increase in the birth rate 
C)  Research and development 
D)  Demand for services in the current economy 
A)  Aging of the population 
B)  Increase in the birth rate 
C)  Research and development 
D)  Demand for services in the current economy

Question 9

The focus of macroeconomics is on supply and demand decisions for which of the following?

Accepted Answer

A)  Individuals 
B)  Business firms 
C)  National entities 
D)  Legal organizations 
A)  Individuals 
B)  Business firms 
C)  National entities 
D)  Legal organizations

Question 10

Which of the following are true of Medicaid eligibility requirements? Select all that apply.

Accepted Answer

A)  There are differences, depending on the state of residence. 
B)  Federally mandated eligibility defines individuals who are categorized as "medically needy." 
C)  Additional eligibility requirements include immigration status and documentation of citizenship. 
D)  Many states provide benefits and care for pregnant women significantly above the minimum level. 
A)  There are differences, depending on the state of residence. 
B)  Federally mandated eligibility defines individuals who are categorized as "medically needy." 
C)  Additional eligibility requirements include immigration status and documentation of citizenship. 
D)  Many states provide benefits and care for pregnant women significantly above the minimum level.

Question 11

A healthcare system willing to be held accountable for both clinical and financial outcomes with the goal of risk reduction is an example of which of the following?

Accepted Answer

A)  Medicaid 
B)  Capitation 
C)  Managed care 
D)  Medical savings account (MS
A)  
A)  Medicaid 
B)  Capitation 
C)  Managed care 
D)  Medical savings account (MS
A)

Question 12

The amount of money provided to pay for a particular episode of care based on an agreed or approved process is the definition of which of the following?

Accepted Answer

A)  Reimbursement 
B)  Cost of healthcare 
C)  Copayment by the patient 
D)  Goods and services provided for care 
A)  Reimbursement 
B)  Cost of healthcare 
C)  Copayment by the patient 
D)  Goods and services provided for care

Question 13

Which of the following is considered a third-party payer?

Accepted Answer

A)  Employer 
B)  Consumer 
C)  Healthcare provider 
D)  Insurance company 
A)  Employer 
B)  Consumer 
C)  Healthcare provider 
D)  Insurance company

Question 14

Medicare is an example of which of the following payment systems?

Accepted Answer

A)  Prospective payment system 
B)  Patient-driven payment system 
C)  Market-driven payment system 
D)  Retrospective payment system 
A)  Prospective payment system 
B)  Patient-driven payment system 
C)  Market-driven payment system 
D)  Retrospective payment system

Question 15

Prior approval is not typically necessary for which of these systems?

Accepted Answer

A)  Fee-for-service (FFS) 
B)  Consumer-driven system 
C)  Point-of-service plan (POS) 
D)  Retrospective payment plan 
A)  Fee-for-service (FFS) 
B)  Consumer-driven system 
C)  Point-of-service plan (POS) 
D)  Retrospective payment plan

Benefits of the Affordable Care Act (ACA)have been categorized in all of the following areas EXCEPT:

Which of the following is true about diagnosis-related groups (DRGs)? Select all that apply.

The gross national product (GNP)is a measure of the domestic goods and services produced within the nation on an annual basis.

Which of the following is true about healthcare economics? Select all that apply.

In addition to the cost of providing care to patients,which of the following are also calculated into the cost of healthcare?

Which of the following statements accurately describe the ICD-10 codes? Select all that apply.

Similar to the United States,which of the following nations spends a large proportion on healthcare insurance and administration?

Which of the following are the major factors driving healthcare costs in the United States? Select all that apply.

The focus of macroeconomics is on supply and demand decisions for which of the following?

Which of the following are true of Medicaid eligibility requirements? Select all that apply.

A healthcare system willing to be held accountable for both clinical and financial outcomes with the goal of risk reduction is an example of which of the following?

The amount of money provided to pay for a particular episode of care based on an agreed or approved process is the definition of which of the following?

Which of the following is considered a third-party payer?

Medicare is an example of which of the following payment systems?

Prior approval is not typically necessary for which of these systems?

Your Professional Identity

Theory As the Basis for Practice

Evolution and Use of Formal Nursing Knowledge

Health, illness, and Holism

Evidence-Based Practice

Effective Communication

Critical Thinking

Working With Groups

The Teaching-Learning Process

Managing and Leading in the Organization

Change and Innovation

Professional Ethics

Quality and Safety in Health Care

Population Health

Informatics and Documenting Outcomes

The Politically Active Nurse: an Imperative

Healthcare Reform and Global Issues

Expanding the Vision

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Exam 16: Economics and Healthcare Policy

Benefits of the Affordable Care Act (ACA)have been categorized in all of the following areas EXCEPT:

Which of the following is true about diagnosis-related groups (DRGs)? Select all that apply.

The gross national product (GNP)is a measure of the domestic goods and services produced within the nation on an annual basis.

Which of the following is true about healthcare economics? Select all that apply.

In addition to the cost of providing care to patients,which of the following are also calculated into the cost of healthcare?

Which of the following statements accurately describe the ICD-10 codes? Select all that apply.

Similar to the United States,which of the following nations spends a large proportion on healthcare insurance and administration?

Which of the following are the major factors driving healthcare costs in the United States? Select all that apply.

The focus of macroeconomics is on supply and demand decisions for which of the following?

Which of the following are true of Medicaid eligibility requirements? Select all that apply.

A healthcare system willing to be held accountable for both clinical and financial outcomes with the goal of risk reduction is an example of which of the following?

The amount of money provided to pay for a particular episode of care based on an agreed or approved process is the definition of which of the following?

Which of the following is considered a third-party payer?

Medicare is an example of which of the following payment systems?

Prior approval is not typically necessary for which of these systems?

Your Professional Identity

Theory As the Basis for Practice

Evolution and Use of Formal Nursing Knowledge

Health, illness, and Holism

Evidence-Based Practice

Effective Communication

Critical Thinking

Working With Groups

The Teaching-Learning Process

Managing and Leading in the Organization

Change and Innovation

Professional Ethics

Quality and Safety in Health Care

Population Health

Informatics and Documenting Outcomes

The Politically Active Nurse: an Imperative

Healthcare Reform and Global Issues

Expanding the Vision

Filters