Health Care Finance and Budgeting
Final
Accurate description of the trend in the US healthcare expenditures - correct answer ✔✔Per capital
health expenditures are projected to increase through 2018.
Health Insurance deductible - correct answer ✔✔The amount of cost a patient must pay during the
benefit plan year prior to the health insurance company paying for care.
Analyzing the trend in source of funds for healthcare expenditures - correct answer ✔✔The proportion
of public funds spent on healthcare is decreasing over time
NOT the result of The Affordable Care Act of 2010 - correct answer ✔✔Patients are only liable for
healthcare expenses up to $100,000
For-profit hospitals - correct answer ✔✔Must pay taxes on their net income
Not-for-profit - correct answer ✔✔NOT what most acute care hospitals are
To maintain tax-exempt status, the not-for-profit hospitals must: - correct answer ✔✔Be organized for
the benefit of a private interest, attempt to influence legislation, Participate in election campaign
activities
Difference between for-profit and not-for-profit - correct answer ✔✔The way the patient care is
distributed
Community benefit provided by a not-for-profit hospital - correct answer ✔✔Smoking cessation
workshops, diabetes screening at a local grocery store, free well-child checkups
, Offers the least amount of flexibility to the enrollee in choosing their healthcare provider - correct
answer ✔✔HMO
A healthcare plan enrollee pays their co payment to which participant in the healthcare business model -
correct answer ✔✔Provider
Not government sponsored healthcare plan - correct answer ✔✔Blue Cross
Individuals that have healthcare coverage by that coverage is not sufficient to pay for their required
health care are called: - correct answer ✔✔Underinsured
Which health plan can providers negotiate with? - correct answer ✔✔Commercial Payers
According to CDC estimates, what portion of children in the near-poor population is not covered by any
health plan? - correct answer ✔✔Less than 10%
Which of the following is true for not-for-profit hospitals? - correct answer ✔✔They are exempt from
federal taxes
The majority of healthcare insurance coverage for US individuals under 65 is obtained: - correct answer
✔✔Through an employer
Balance Billing is: - correct answer ✔✔The practice of billing the patient for any amount not paid by
insurance
Which is the amount paid by a health plan enrollee to receive coverage? - correct answer ✔✔Premium
The preparation and release of financial statements may be characterized as what type of task? - correct
answer ✔✔Financial accounting
The monitoring of budgets and internal cost control may be characterized as what type of task? - correct
answer ✔✔Managerial accouting
Final
Accurate description of the trend in the US healthcare expenditures - correct answer ✔✔Per capital
health expenditures are projected to increase through 2018.
Health Insurance deductible - correct answer ✔✔The amount of cost a patient must pay during the
benefit plan year prior to the health insurance company paying for care.
Analyzing the trend in source of funds for healthcare expenditures - correct answer ✔✔The proportion
of public funds spent on healthcare is decreasing over time
NOT the result of The Affordable Care Act of 2010 - correct answer ✔✔Patients are only liable for
healthcare expenses up to $100,000
For-profit hospitals - correct answer ✔✔Must pay taxes on their net income
Not-for-profit - correct answer ✔✔NOT what most acute care hospitals are
To maintain tax-exempt status, the not-for-profit hospitals must: - correct answer ✔✔Be organized for
the benefit of a private interest, attempt to influence legislation, Participate in election campaign
activities
Difference between for-profit and not-for-profit - correct answer ✔✔The way the patient care is
distributed
Community benefit provided by a not-for-profit hospital - correct answer ✔✔Smoking cessation
workshops, diabetes screening at a local grocery store, free well-child checkups
, Offers the least amount of flexibility to the enrollee in choosing their healthcare provider - correct
answer ✔✔HMO
A healthcare plan enrollee pays their co payment to which participant in the healthcare business model -
correct answer ✔✔Provider
Not government sponsored healthcare plan - correct answer ✔✔Blue Cross
Individuals that have healthcare coverage by that coverage is not sufficient to pay for their required
health care are called: - correct answer ✔✔Underinsured
Which health plan can providers negotiate with? - correct answer ✔✔Commercial Payers
According to CDC estimates, what portion of children in the near-poor population is not covered by any
health plan? - correct answer ✔✔Less than 10%
Which of the following is true for not-for-profit hospitals? - correct answer ✔✔They are exempt from
federal taxes
The majority of healthcare insurance coverage for US individuals under 65 is obtained: - correct answer
✔✔Through an employer
Balance Billing is: - correct answer ✔✔The practice of billing the patient for any amount not paid by
insurance
Which is the amount paid by a health plan enrollee to receive coverage? - correct answer ✔✔Premium
The preparation and release of financial statements may be characterized as what type of task? - correct
answer ✔✔Financial accounting
The monitoring of budgets and internal cost control may be characterized as what type of task? - correct
answer ✔✔Managerial accouting
