LSUS MHA 710 Exam 1 (Latest 2026/2027 Update) Questions with Verified Answers | 100% Correct | Graded A+

LSUS MHA 710 Exam 1 (Latest 2026/2027
Update) Questions with Verified Answers |
100% Correct | Graded A+
Question:

The "invisible hand" using Adam Smith's terminology refers to?
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Answer:

market forces working through the price mechanism.
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Question:

According to recent public opinion polls, what percentage of Americans
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are satisfied with the quality of the medical care they receive??
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Answer:
70 percent
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Question:

According to economic theory what is the optimal percentage of GDP to
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be spent on medical care??
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Answer:
There is no widely accepted way to determine the optimal percentage.
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,Question:

Which of the following statements is based on positive analysis??
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Answer:

Individuals without health insurance have less access to physicians'
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services than those who have health insurance and The high cost of health
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insurance places U.S. firms at a competitive disadvantage with their
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foreign competitors.i,-




Question:
Public option?
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Answer:

A public health insurance plan comparable to Medicaid, designed to
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compete with private insurance. i,- i,- i,-




Question:

Uncertainty?

Answer:

A state in which multiple outcomes are possible but the likelihood of any
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one outcome is not known.
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,Question:
Premium?

Answer:

A periodic payment required to purchase an insurance policy.
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Question:
Group insurance?
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Answer:

A plan whereby an entire group receives insurance under a single policy.
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The insurance is actually issued to the plan holder, usually an employer or
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association.




Question:

Medicare?
Answer:

Health insurance for the elderly provided under an amendment to the
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Social Security Act.
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Question:

Medicaid?
Answer:

, Health insurance for the poor financed jointly by federal and state
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governments.




Question:
Flexner Report? i,-




Answer:

A 1910 report published as part of a critical review of medical education
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in the United States. The response of the medical establishment led to
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significant changes in the accreditation procedures of medical schools and
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an improvement in the quality of medical care.
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Question:

Collective bargaining? i,-




Answer:
The negotiation process whereby representatives of employers and
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employees agree upon the terms of a labor contract, including wages and
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benefits.




Question:

Cost shifting? i,-




Answer: