Accounts in the nhea Study guides, Class notes & Summaries

MHA 707 CH 6, MHA 707 CH 8, MHA 707 CH 7 MHA 707 CH 6, MHA 707 CH 8, MHA 707 CH 7 Exam Questions With 100% Correct Answers ____ is like no other sector of the economy. - ANSWER- healthcare Even after a millennium of observation and study, our knowledge about the human body, disease, and medicine is very much ____. - ANSWER- incomplete In arrows explanation, the special economic problems of medical care can be explained by adaptations to ____. - ANSWER- uncertainty in the incidence of di...

Nonmarketability of risks - Inherent I medicine and medical practice health insurance. Moral hazard - behaving differently when you know someone else is taking the risk (induced demand) Adverse selection - The sicker people likely want more insurance (the healthier, less) Pooling of risk - Sharing risk proportionately among many is a basic insurance concept Financing health care in U.S. - •Workarounds •Redundancies •Contradictions (NHEA) - National Health Expenditure Accounts Nati...

MHA 707 Exam C Questions Marking Scheme Moral Hazard - ANSWER- When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - ANSWER- the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - ANSWER- All...

Accounts in the NHEA - CORRECT ANSWER-National Health Expenditures: NHE Health Consumption Expenditures: HCE Personal Health Care: PHC Adverse Selection - CORRECT ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Age-Adjusted Mortality Rate - CORRECT ANSWER-A mortality rate statistically modified to eliminate the effect of different ag...

MHA 707 Exam C-Questions and Answers 100% Solved Non marketability of risks Inherent I medicine and medical practice health insurance. Moral hazard behaving differently when you know someone else is taking the risk (induced demand) Adverse selection The sicker people likely want more insurance (the healthier, less) Pooling of risk Sharing risk proportionately among many is a basic insurance concept Financing health care in U.S. •Workarounds •Redundancies •Contradictions (NHEA...

MHA 707 CH 6 Already Rated A ____ is like no other sector of the economy. healthcare Even after a millennium of observation and study, our knowledge about the human body, disease, and medicine is very much ____. incomplete In arrows explanation, the special economic problems of medical care can be explained by adaptations to ____. uncertainty in the incidence of disease and in the efficacy of treatment The physician nearly always has more medical knowledge, patients generall...

MHA 707 Exam C (CH 6,7,8)Questions and Answers 100% Solved Moral Hazard When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk Allows individua...

Moral Hazard - Answer: When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - Answer: the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - Answer: Allows individuals to share risk, i.e., ins...

1. moral hazard Answer: behaving differently when you know someone else is taking the risk (Induced demand) 2. adverse selection Answer: the sicker people likely want more insurance (the healthier, less) 3. pooling of risk Answer: sharing risk proportionately among many is a basic insurance concept 4. Non marketability of risks Answer: inherent in medicine and medical practice Health insurance 5. Asymmetries of information Healthcare Answer: Physician vs. patient (vs. 3rd Party payer) 6. Un...

MHA 707 Exam C (CH 6,7,8MO) Questions With All Correct answers!!