Nursing 102 Exam 2 Practice Questions with Correct Answers

Financing Correct Answer mechanism that gives people the ability to pay for healthcare services Moral hazard Correct Answer consumers utilize more health care services than they would if they had to pay Provider-induced demand Correct Answer the provider's ability to create demand Supply-side rationing Correct Answer it focuses on restricting the availability of expensive health care services Demand-side rationining Correct Answer some face barriers to obtaining health care servicesa Insurance Correct Answer a mechanism to protect against risk Risk Correct Answer the possibility of substantial financial loss from some events Insured, enrollee, member, beneficiary Correct Answer an individual who is protected by insurance Insurer Correct Answer an insurance agency that assumes the risk Underwriting Correct Answer evaluates, selects/rejects, classifies, and rates risk Premium Correct Answer amount charged by the insurer to provide coverage Deductible Correct Answer amount the insured pays first before benefits are paid by the plan Copayment Correct Answer money paid out of pocket each time health services are receive Group insurance Correct Answer an employer, union, or a professional organization Self-insurance Correct Answer a large employer Medicare (public insurance) Correct Answer persons 65 years and older, disabled individuals, people with ESRD, a federal program