Question 1

If the deductible is $200 and the co-payment is 20%, on a covered expense of $1200 the individual will pay _____ and their insurance company will pay ______.

Accepted Answer

A) $400;$800 
B) $200; $1000 
C) $800; $400 
D) $600; $600 
A) $400;$800 
B) $200; $1000 
C) $800; $400 
D) $600; $600

Question 2

Fee-for-service insurance

Accepted Answer

A) is typically less expensive than an HMO covering the same illnesses. 
B) has fewer meddlesome bureaucrats than an HMO. 
C) does not allow patients to pick their own doctor. 
D) requires you pay for services before they are performed. 
A) is typically less expensive than an HMO covering the same illnesses. 
B) has fewer meddlesome bureaucrats than an HMO. 
C) does not allow patients to pick their own doctor. 
D) requires you pay for services before they are performed.

Question 3

A physician whose job is to determine if a patient needs to be referred to a specialist is called

Accepted Answer

A) an intern. 
B) a primary care physician. 
C) an HMO doctor. 
D) a primatologist. 
A) an intern. 
B) a primary care physician. 
C) an HMO doctor. 
D) a primatologist.

Question 4

Nations with single payer systems typically have

Accepted Answer

A) lower tax rates than exist in the U.S. 
B) lower life expectancies than in the U.S. 
C) better access to high-tech medical solutions than in the U.S. 
D) relative equality in the access to basic care. 
A) lower tax rates than exist in the U.S. 
B) lower life expectancies than in the U.S. 
C) better access to high-tech medical solutions than in the U.S. 
D) relative equality in the access to basic care.

Question 5

The government spends ___ of all health care dollars in the U.S.

Accepted Answer

A) 10% 
B) 25% 
C) approximately half 
D) 100% 
A) 10% 
B) 25% 
C) approximately half 
D) 100%

Question 6

In terms of who employs physicians, who owns hospitals and clinics, and the role of insurance

Accepted Answer

A) single payer systems are all alike. 
B) single payer systems are no different than private systems. 
C) single payer systems are all private. 
D) single payer systems are very different depending on the country. 
A) single payer systems are all alike. 
B) single payer systems are no different than private systems. 
C) single payer systems are all private. 
D) single payer systems are very different depending on the country.

Question 7

HMO insurance

Accepted Answer

A) is more expensive than fee-for-service insurance. 
B) has fewer meddlesome bureaucrats than fee-for service. 
C) restricts doctor choice to primary care physicians. 
D) requires all care be taken in hospitals. 
A) is more expensive than fee-for-service insurance. 
B) has fewer meddlesome bureaucrats than fee-for service. 
C) restricts doctor choice to primary care physicians. 
D) requires all care be taken in hospitals.

Exam 24: Health Care

If the deductible is $200 and the co-payment is 20%, on a covered expense of $1200 the individual will pay _____ and their insurance company will pay ______.

Fee-for-service insurance

A physician whose job is to determine if a patient needs to be referred to a specialist is called

Nations with single payer systems typically have

The government spends ___ of all health care dollars in the U.S.

In terms of who employs physicians, who owns hospitals and clinics, and the role of insurance

HMO insurance

Economics: the Study of Opportunity Cost

Supply and Demand

The Concept of Elasticity and Consumer and Producer Surplus

Firm Production, Cost, and Revenue

Perfect Competition, Monopoly, and Economic Versus Normal Profit

Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, Depression

Interest Rates and Present Value

Aggregate Demand and Aggregate Supply

Fiscal Policy

Monetary Policy

Federal Spending

Federal Deficits, Surpluses, and the National Debt

The Housing Bubble

The Recession of 2007-2009: Causes and Policy Responses

Is Economic Stagnation the New Normal

Is the Fiscalsky Falling: An Examination of Unfunded Social Security, Medicare, and State and Local Pension Liabilities

International Trade: Does It Jeopardize American Jobs

International Finance and Exchange Rates

The European Debt Crisis

Economic Growth and Development

Nafta, Gatt, Wto: Are Trade Agreements Good for Us

The Line Between Legal and Illegal Goods

Natural Resources, the Environment, and Climate Change

Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

The Economics of Prescription Drugs

So You Want to Be a Lawyer: Economics and the Law

The Economics of Crime

Antitrust

The Economics of Race and Discrimination

Income and Wealth Inequality

Farm Policy

Minimum Wage

Ticket Brokers and Ticket Scalping

Rent Control

Economics of K-12 Education

Economics of College and University Education

Poverty and Welfare

Head Start

Social Security

Personal Income Taxes

Energy Prices

If We Build It, Will They Come and Other Sports Questions

The Stock Market Crashes

Unions

Walmart: Always Low Prices and Low Wages- Always

The Economic Impact of Casino Gambling

The Economics of Terrorism

Filters

If the deductible is $200 and the co-payment is 20%, on a covered expense of $1200 the individual will pay _ and their insurance company will pay __.