MHA 707 Study Guide for Exam 3 (C) Question and
answers verified to pass 2025/2026
Study online at
1 What is Asymmetry of in-A gap in knowledge from person/group
. to another. Patient knowl-
formation? Why is it impor- edge vs Physician knowledge vs
insurance knowledge.
2 tant inishealthcare?
What non-marketabilityinherent of medicine and medical
. practice.
of risk? Cannot put a price on it
3. Moral Hazard people behaving ditterently when you know someone else is
taking
the risk (induced demand- procedures when deductible has
been met).
4. Adverse selection the sicker people likely want more insurance (the healthier the
less)
5. Pooling risk sharing risk proportionately among many is a basic
insurance con-cept. The hope is that premiums of the less
sick will cover the more sickly population.
6. What is PHC? (a subset of HCE) includes all medical goods and services that
are
used to diagnose, treat, and prevent health problems in a
specific person.
7. How much $$ is spent $3.49trillion, 17.9% GDP and $10,739 per capita.
on HC in US? Per capita
and % of GDP?
8. Percentage spent in hospi- 33%- largest share of NHE
tals?
9. Percentage spent on on drugs?
Doc-tors?
10. Percentage spent
,26%- second highest share of NHE
9.5%-10.5%- third highest share of NHE, 10% per Bost
, MHA 707 Study Guide for Exam 3 (C)
Study online at https://quizlet.com/_e5m5ci
11. Chronic disease? defined broadly as conditions that last 1 year or more and
require
ongoing medical attention or limit activities of daily living or
both. (i.e. heart disease, cancer, and diabetes)
12. What percentage of NHE 90%- chronic conditions are also considered some of the most
shares are spent on chron- preventable of all health conditions (includes mental
health)
ic disease?
13. What percent of top 5% of top utilizers
uti-lizers account for
50% of spending in
HC?
Half of the mortality from 10 leading CODs attributed to
14. What are personal person-al behaviors (i.e. tobacco use, obesity, poor diet,
behav-iors and how do substance mis-use/abuse)
they fit into the
leading causes of
death? 52% have 2 or more highest proportion in impoverished and
racial/ethnic minorities.
15. 90% of americans
have 1 risk factor only 6.7%
16. What percent of
Ameri-cans were
hospitalized in 2018? 26.4M
17. How many US people
are uninsured?
18. What portion of Americans about 66% (about 8% of people under the age of 65
were unin-
under age 65 are covered by private health insur-ance?
, 19. What is cost-plus sured/self pay in 2019)
reim-bursement?
how hospitals describe payment received for services they
have already provided. The organization providing the
services tracks all
answers verified to pass 2025/2026
Study online at
1 What is Asymmetry of in-A gap in knowledge from person/group
. to another. Patient knowl-
formation? Why is it impor- edge vs Physician knowledge vs
insurance knowledge.
2 tant inishealthcare?
What non-marketabilityinherent of medicine and medical
. practice.
of risk? Cannot put a price on it
3. Moral Hazard people behaving ditterently when you know someone else is
taking
the risk (induced demand- procedures when deductible has
been met).
4. Adverse selection the sicker people likely want more insurance (the healthier the
less)
5. Pooling risk sharing risk proportionately among many is a basic
insurance con-cept. The hope is that premiums of the less
sick will cover the more sickly population.
6. What is PHC? (a subset of HCE) includes all medical goods and services that
are
used to diagnose, treat, and prevent health problems in a
specific person.
7. How much $$ is spent $3.49trillion, 17.9% GDP and $10,739 per capita.
on HC in US? Per capita
and % of GDP?
8. Percentage spent in hospi- 33%- largest share of NHE
tals?
9. Percentage spent on on drugs?
Doc-tors?
10. Percentage spent
,26%- second highest share of NHE
9.5%-10.5%- third highest share of NHE, 10% per Bost
, MHA 707 Study Guide for Exam 3 (C)
Study online at https://quizlet.com/_e5m5ci
11. Chronic disease? defined broadly as conditions that last 1 year or more and
require
ongoing medical attention or limit activities of daily living or
both. (i.e. heart disease, cancer, and diabetes)
12. What percentage of NHE 90%- chronic conditions are also considered some of the most
shares are spent on chron- preventable of all health conditions (includes mental
health)
ic disease?
13. What percent of top 5% of top utilizers
uti-lizers account for
50% of spending in
HC?
Half of the mortality from 10 leading CODs attributed to
14. What are personal person-al behaviors (i.e. tobacco use, obesity, poor diet,
behav-iors and how do substance mis-use/abuse)
they fit into the
leading causes of
death? 52% have 2 or more highest proportion in impoverished and
racial/ethnic minorities.
15. 90% of americans
have 1 risk factor only 6.7%
16. What percent of
Ameri-cans were
hospitalized in 2018? 26.4M
17. How many US people
are uninsured?
18. What portion of Americans about 66% (about 8% of people under the age of 65
were unin-
under age 65 are covered by private health insur-ance?
, 19. What is cost-plus sured/self pay in 2019)
reim-bursement?
how hospitals describe payment received for services they
have already provided. The organization providing the
services tracks all
