MHA 710 HEALTHCARE ECONOMICS 2026 EXAMS
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔The only disease-specific group eligible for Medicare are those suffering from:
a. diabetes.
b. advanced coronary artery disease.
c. end-stage renal disease.
d. metastasized cancer.
e. acquired immunodeficiency syndromes (AIDS). - ✔✔c. end-stage renal disease.
✔✔Which of the following is a true statement about long-term care?
a. Nursing homes are largely populated by elderly men.
b. Over 20 percent of the elderly population currently live in nursing homes.
c. Almost half of all nursing home residents are over age 85.
d. There would be fewer residents of nursing homes if more people had long-term care
insurance.
e. The cost of long-term care is funded primarily by private insurance - ✔✔c. Almost half
of all nursing home residents are over age 85.
✔✔Medicare and Medicaid were enacted by the Johnson administration in 1965 as
amendments to which federal law already in existence?
a. Social Security Act
b. Employee Retirement and Income Security Act
, c. Equal Rights Act
d. Managed Care Act
e. Welfare Act of 1960 - ✔✔a. Social Security Act
✔✔Which benefits are provided through Part A of Medicare?
a. Outpatient prescription drug insurance
b. Supplemental medical insurance
c. Medical hospital insurance
d. Medicare Advantage (MA) - ✔✔c. Medical hospital insurance
✔✔Price controls are a common feature in the pharmaceutical industry in most
developed countries. Which one of the following statements about price controls is true?
a. Countries with the most stringent price controls do the least research.
b. The United States is the only major country that relies strictly on market pricing and
refuses to use price controls of any kind.
c. Most developed countries use similar methods to control prices in pharmaceutical
markets.
d. Canada's use of price ceilings has become the standard practice across Europe.
e. Generic competition is more common in countries with strict price controls. - ✔✔a.
Countries with the most stringent price controls do the least research.
✔✔How do individuals enroll in Part A of Medicare?
a. Individuals must first enroll in Part B in order to be considered for Part A.
b. Enrollment is based on physician recommendation.
c. Enrollment is voluntary and must be requested through the Centers for Medicare and
Medicaid Services (CMS).
d. Individuals are automatically enrolled on their 65th birthday as long as they or their
spouse has paid into the Social Security system for 10 years. - ✔✔d. Individuals are
automatically enrolled on their 65th birthday as long as they or their spouse has paid
into the Social Security system for 10 years.
✔✔The tax fully dedicated to provide support for Medicare Part A is:
a. a tax on the health insurance premiums paid for all group plans.
b. levied on the Medicare Trust Fund.
c. the mandate tax paid by individuals who do not purchase health insurance.
d. a 2.9 percent payroll tax paid by all workers, regardless of their age.
e. the federal income tax. - ✔✔d. a 2.9 percent payroll tax paid by all workers,
regardless of their age.
✔✔Which of the following services is covered under Part B of Medicare?
a. Emergency room services
b. Days 2 through 60 of a hospital stay
c. Dental care
d. The first day of a hospital stay - ✔✔a. Emergency room services
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔The only disease-specific group eligible for Medicare are those suffering from:
a. diabetes.
b. advanced coronary artery disease.
c. end-stage renal disease.
d. metastasized cancer.
e. acquired immunodeficiency syndromes (AIDS). - ✔✔c. end-stage renal disease.
✔✔Which of the following is a true statement about long-term care?
a. Nursing homes are largely populated by elderly men.
b. Over 20 percent of the elderly population currently live in nursing homes.
c. Almost half of all nursing home residents are over age 85.
d. There would be fewer residents of nursing homes if more people had long-term care
insurance.
e. The cost of long-term care is funded primarily by private insurance - ✔✔c. Almost half
of all nursing home residents are over age 85.
✔✔Medicare and Medicaid were enacted by the Johnson administration in 1965 as
amendments to which federal law already in existence?
a. Social Security Act
b. Employee Retirement and Income Security Act
, c. Equal Rights Act
d. Managed Care Act
e. Welfare Act of 1960 - ✔✔a. Social Security Act
✔✔Which benefits are provided through Part A of Medicare?
a. Outpatient prescription drug insurance
b. Supplemental medical insurance
c. Medical hospital insurance
d. Medicare Advantage (MA) - ✔✔c. Medical hospital insurance
✔✔Price controls are a common feature in the pharmaceutical industry in most
developed countries. Which one of the following statements about price controls is true?
a. Countries with the most stringent price controls do the least research.
b. The United States is the only major country that relies strictly on market pricing and
refuses to use price controls of any kind.
c. Most developed countries use similar methods to control prices in pharmaceutical
markets.
d. Canada's use of price ceilings has become the standard practice across Europe.
e. Generic competition is more common in countries with strict price controls. - ✔✔a.
Countries with the most stringent price controls do the least research.
✔✔How do individuals enroll in Part A of Medicare?
a. Individuals must first enroll in Part B in order to be considered for Part A.
b. Enrollment is based on physician recommendation.
c. Enrollment is voluntary and must be requested through the Centers for Medicare and
Medicaid Services (CMS).
d. Individuals are automatically enrolled on their 65th birthday as long as they or their
spouse has paid into the Social Security system for 10 years. - ✔✔d. Individuals are
automatically enrolled on their 65th birthday as long as they or their spouse has paid
into the Social Security system for 10 years.
✔✔The tax fully dedicated to provide support for Medicare Part A is:
a. a tax on the health insurance premiums paid for all group plans.
b. levied on the Medicare Trust Fund.
c. the mandate tax paid by individuals who do not purchase health insurance.
d. a 2.9 percent payroll tax paid by all workers, regardless of their age.
e. the federal income tax. - ✔✔d. a 2.9 percent payroll tax paid by all workers,
regardless of their age.
✔✔Which of the following services is covered under Part B of Medicare?
a. Emergency room services
b. Days 2 through 60 of a hospital stay
c. Dental care
d. The first day of a hospital stay - ✔✔a. Emergency room services
