MHA 707 Exam C questions with complete
solutions graded A+ already passed
1. Moral Hazard When the act of insuring an event increases the likelihood that the event
will
happen
behaving ditterent when you know someone is taking the risk (induced
demand)
2. Adverse the situation in which one party to a transaction takes advantage of knowing
Selec- tion
more than the other party to the transaction
the sicker people likely want more insurance, compared to those who are
healthy
3. Pooling of Risk Allows individuals to share risk, i.e., insurance companies
4. National Provides oflcial estimates of health care spending in the US. It measures
Health health care consumption and health care investment.
Expenditure
Ac- counts
(NHEA)
5. 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
compar- isons
Published by DHHS
6. Accounts in
the NHEA 7. National Health Expenditures: NHE
1/
25
,MHA 707 Exam C questions with complete
solutions graded A+ already passed
N HE Health Consumption
a Expenditures: HCE Personal Health
t Care: PHC
i
o all health care consumption and investments in medical structures and
n equipment and noncommercial health services and biomedical research
a
NHE - HCE = Amount of investment in the medical sector of economy
l
(buildings, research, equipment)
H
e
a
l
t
h
E
x
p
e
n
d
i
t
u
r
e
s
:
N
2/
25
, MHA 707 Exam C questions with complete
solutions graded A+ already passed
8. Health a subset of NHE, includes personal health care spending, government
Consump- tion administra- tion and net cost of private health insurance and public
Expendi- tures:
health activities
HCE
9. Personal
subset of HCE, including all medical goods and service that's used to
Health Care:
diagnose, treat, and prevent health problems of a specific person
PHC
10. How much $3.49 Trillion
NHE spent on Per capita amount: over $10k
Health Care? % of GDP: 18%
Buying Power: $1,200 when adjusted by CPI
11. Largest hospitalization, physician services, Rx, other health care goods and
contribu- tors services
to the Per-
sonal Health
Care (PHC)
12. What Hospital Care: 33% of spending
accounted for Professional Services: 20% doctors NHE
the largest Retail Rx: 10.5%
share of
NHE? Health Residential and Personal Care: 5.2% of
NHE Net Cost of Private Health Ins: 6.6% of
13. Three NHE
Categories of
PHC increased
as a share of NHE Home Health Care: 2.8% of NHE
14. Chronic Dis- Mental Health Diseases in NHE (percent-
ease and age)
3/
25
solutions graded A+ already passed
1. Moral Hazard When the act of insuring an event increases the likelihood that the event
will
happen
behaving ditterent when you know someone is taking the risk (induced
demand)
2. Adverse the situation in which one party to a transaction takes advantage of knowing
Selec- tion
more than the other party to the transaction
the sicker people likely want more insurance, compared to those who are
healthy
3. Pooling of Risk Allows individuals to share risk, i.e., insurance companies
4. National Provides oflcial estimates of health care spending in the US. It measures
Health health care consumption and health care investment.
Expenditure
Ac- counts
(NHEA)
5. 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
compar- isons
Published by DHHS
6. Accounts in
the NHEA 7. National Health Expenditures: NHE
1/
25
,MHA 707 Exam C questions with complete
solutions graded A+ already passed
N HE Health Consumption
a Expenditures: HCE Personal Health
t Care: PHC
i
o all health care consumption and investments in medical structures and
n equipment and noncommercial health services and biomedical research
a
NHE - HCE = Amount of investment in the medical sector of economy
l
(buildings, research, equipment)
H
e
a
l
t
h
E
x
p
e
n
d
i
t
u
r
e
s
:
N
2/
25
, MHA 707 Exam C questions with complete
solutions graded A+ already passed
8. Health a subset of NHE, includes personal health care spending, government
Consump- tion administra- tion and net cost of private health insurance and public
Expendi- tures:
health activities
HCE
9. Personal
subset of HCE, including all medical goods and service that's used to
Health Care:
diagnose, treat, and prevent health problems of a specific person
PHC
10. How much $3.49 Trillion
NHE spent on Per capita amount: over $10k
Health Care? % of GDP: 18%
Buying Power: $1,200 when adjusted by CPI
11. Largest hospitalization, physician services, Rx, other health care goods and
contribu- tors services
to the Per-
sonal Health
Care (PHC)
12. What Hospital Care: 33% of spending
accounted for Professional Services: 20% doctors NHE
the largest Retail Rx: 10.5%
share of
NHE? Health Residential and Personal Care: 5.2% of
NHE Net Cost of Private Health Ins: 6.6% of
13. Three NHE
Categories of
PHC increased
as a share of NHE Home Health Care: 2.8% of NHE
14. Chronic Dis- Mental Health Diseases in NHE (percent-
ease and age)
3/
25
