HMGT 3301 Chapter 6.Exam Questions with Complete Solutions

HMGT 3301 Chapter 6
dh dh dh




Whatdhisdhmeantdhbydhhealthdhcaredhfinancingdhanddhwhatdhimpactdhdoesdhitdhha
ve?dh-dhcorrectdhanswer✔ ✔ Supply

-howdhmuchdhservice
-whatdhtypesdhofdhservices
-howdhcoordinated
-howdhintegrated
-howdhmanaged


Demand
-whodhhasdhinsurance
-howdhmuchdhout-of-pocket
-typesdhofdhservicesdhcovered
-demographics


TotaldhExpensesdh=dhPaymentdh(Price)dhxdhQuantity


MoraldhHazarddh-dhcorrectdhanswer✔ ✔
Usingdhmoredhhealthdhcaredhservicesdhbecausedhyou'redhcovereddhbydhinsuran
cedhanddhdon'tdhhavedhtodhpaydhout-of-pocket

, Explaindhinsurancedhanddhitsdhgeneraldhprinciples.dh-dhcorrectdhanswer✔ ✔
1.dhRiskdhisdhunpredictabledhfordhindividuals.
2.dhRiskdhcandhbedhpredicteddhfordhadhpopulationdh(group).
3.dhInsurancedhtransfersdhriskdhfromdhindividualsdhtodhadhgroup.
4.dhAlldhmembersdhofdhthedhinsureddhgroupdhsharedhactualdhlosses.


Whatdharedhthedhvariousdhtypesdhofdhprivatedhinsurancedhoptions?dh-
dhcorrectdhanswer✔ ✔ Voluntarydhhealthdhinsurancedh-dhPrivate

1.dhGroupdh(Employer-based:dhsingledhordhfamilydhcoverage)
2.dhIndividualdh(Marketplacedhexchangedh-dhACA)
3.dhSelf-insurance
4.dhManageddhCaredhplans
5.dhHigh-deductibledhhealthdhplans


InsurancedhPremiumdh-dhcorrectdhanswer✔ ✔
Pricedhofdhinsurancedh(shareddhbetweendhemployerdhanddhemployee)


CostdhSharingdh-dhcorrectdhanswer✔ ✔
Healthdhinsurancedh(likedhcardhinsurance)dhforcesdhyoudhtodhsharedhindhpaying
dhfordhcostsdhrelateddhtodhconsumingdhhealthdhcare