MHA 707 Exam C (CH 6,7,8)Questions and Answers 100% Solved

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 individuals to share risk, i.e., insurance companies National Health Expenditure Accounts (NHEA) Provides official estimates of health care spending in the US. It measures health care consumption and health care investment. NHEA Benefits Comprehensive: includes all major components of health care system in unified, mutually exclusive, and exhaustive structure Multidimensional: encompasses expenditures as well as payers Consistent: applies a common set of definitions that permits longitudinal comparisons Published by DHHS