EXAM 3: LSUS MHA 710 ECONOMICS,
2024/2025 WITH CORRECT ANSWERS
Which of the following characteristics is true of the
pharmaceutical industry? - CORRECT ANSWERS- Exclusive rights
to market & sell patented products.
The tax fully dedicated to provide support for Medicare Part A is: -
CORRECT ANSWERS- A 2.9 percent payroll tax paid by all
workers, regardless of their age.
Pharmaceutical companies receive patents as an exclusive right
to produce a drug. This results in: - CORRECT ANSWERS-
Monopoly rights in the production of the drug.
Danzon & Furukawa (2003) argue that: - CORRECT ANSWERS-
Pharmaceutical price differences across countries are roughly in
line with differences in per capita gross domestic product,
supporting the predictions of Ramsey pricing practices.
The amount that Medicare pays a hospital for treating a Medicare
patient is determined: - CORRECT ANSWERS- At the point when
the diagnosis is made.
, Several reform options have been discussed by Congress to solve
some of the structural problems that plague the program. Which
of the following options has received little support? - CORRECT
ANSWERS- Limit the coverage for end-of-life care, the most
expensive single item in Medicare, to include only essential
palliative care.
Part B pays what percentage of the allowable fee set by
Medicare? - CORRECT ANSWERS- 80 percent.
Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services
since the mid-1980s? - CORRECT ANSWERS- Outpatient services
have been growing, while inpatient services have been declining.
On average, biopharmaceutical companies spend approximately
what percentage of their sales revenue on research &
development? - CORRECT ANSWERS- 5-10 percent.
In 2019, Medicare covered approximately how many Americans? -
CORRECT ANSWERS- 60 milllion.
What was the main effect of the agreement on Trade-Related
Aspects of Intellectual Property Rights (TRIPS) on United States'
domestic policy? - CORRECT ANSWERS- It extended the life of
patents from 17 years from the date of grant to 20 years from the
date of application.
2024/2025 WITH CORRECT ANSWERS
Which of the following characteristics is true of the
pharmaceutical industry? - CORRECT ANSWERS- Exclusive rights
to market & sell patented products.
The tax fully dedicated to provide support for Medicare Part A is: -
CORRECT ANSWERS- A 2.9 percent payroll tax paid by all
workers, regardless of their age.
Pharmaceutical companies receive patents as an exclusive right
to produce a drug. This results in: - CORRECT ANSWERS-
Monopoly rights in the production of the drug.
Danzon & Furukawa (2003) argue that: - CORRECT ANSWERS-
Pharmaceutical price differences across countries are roughly in
line with differences in per capita gross domestic product,
supporting the predictions of Ramsey pricing practices.
The amount that Medicare pays a hospital for treating a Medicare
patient is determined: - CORRECT ANSWERS- At the point when
the diagnosis is made.
, Several reform options have been discussed by Congress to solve
some of the structural problems that plague the program. Which
of the following options has received little support? - CORRECT
ANSWERS- Limit the coverage for end-of-life care, the most
expensive single item in Medicare, to include only essential
palliative care.
Part B pays what percentage of the allowable fee set by
Medicare? - CORRECT ANSWERS- 80 percent.
Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services
since the mid-1980s? - CORRECT ANSWERS- Outpatient services
have been growing, while inpatient services have been declining.
On average, biopharmaceutical companies spend approximately
what percentage of their sales revenue on research &
development? - CORRECT ANSWERS- 5-10 percent.
In 2019, Medicare covered approximately how many Americans? -
CORRECT ANSWERS- 60 milllion.
What was the main effect of the agreement on Trade-Related
Aspects of Intellectual Property Rights (TRIPS) on United States'
domestic policy? - CORRECT ANSWERS- It extended the life of
patents from 17 years from the date of grant to 20 years from the
date of application.
