Study guide
Healthcare Finance Final Exam Study Questions
This document will help you study for a final exam in HCA 432 Healthcare Administration-Economics and Policy.
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Some examples from this set of practice questions
1.
What is Health Economics?
Answer: The study of how those transactions are made and of the bottom line result.
2.
What does the fundamental theorem of exchange state?
Answer: That for a trade to take place, both the buyer and the seller must believe that it makes them better off.
3.
Why does healthcare cost so much?
Answer: Because people are willing to pay for it.
4.
What is third-party insurance intermediaries?
Answer: A system that replaces the direct exchange of money for services between two parties (consumers and providers), which is common to most markets.
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