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Exam 1 MHA710 Questions with
Detailed Verified Answers
Question: Economists use the term marginal to describe costs and benefits
Ans: that are incremental and thus relevant to decision making
Question: Self-insurance refers to the practice of setting aside funds to pay
for medical care expenses instead of paying premiums to an insurance
company. Approximately, how many of all employees who participate in
group insurance plans work for firms that self-insure?
Ans: two-thirds
Question: In spite of its early popularity, the Patient Protection and
Affordable Care Act of 2010 (ACA) had not improved by 2020. What
percentage of Americans considered its complete repeal a good thing?
Ans: 40
Question: Charging higher prices for one category of patients in order to
provide free or subsidized care to another group is called:
Ans: cost shifting
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Question: Since ACA was passed in 2010, there have been many efforts to
have the bill thrown out or at least watered down. Most attempts have been
unsuccessful. However, one key elements of ACA was successful, which was
to:
Ans: eliminate the tax penalty for the individual mandate.
Question: Assuming that providers will only accommodate patient desires up
to a point, what effect would a binding price ceiling have on the health care
market?
Ans: Quantity of health care supplied would fall.
Question: The 1974 federal legislation that exempted employers from certain
state laws governing health insurance was:
Ans: ERISA
Question: Assuming providers will accommodate patient desires, what effect
would a binding price ceiling have on the health care market?
Ans: Price will decrease to adhere to the price ceiling and quantity will
increase
Question: Which of the following does NOT contribute to wasteful spending
in medical care?
Ans: · Price transparency
Exam 1 MHA710 Questions with
Detailed Verified Answers
Question: Economists use the term marginal to describe costs and benefits
Ans: that are incremental and thus relevant to decision making
Question: Self-insurance refers to the practice of setting aside funds to pay
for medical care expenses instead of paying premiums to an insurance
company. Approximately, how many of all employees who participate in
group insurance plans work for firms that self-insure?
Ans: two-thirds
Question: In spite of its early popularity, the Patient Protection and
Affordable Care Act of 2010 (ACA) had not improved by 2020. What
percentage of Americans considered its complete repeal a good thing?
Ans: 40
Question: Charging higher prices for one category of patients in order to
provide free or subsidized care to another group is called:
Ans: cost shifting
, Page | 2
Question: Since ACA was passed in 2010, there have been many efforts to
have the bill thrown out or at least watered down. Most attempts have been
unsuccessful. However, one key elements of ACA was successful, which was
to:
Ans: eliminate the tax penalty for the individual mandate.
Question: Assuming that providers will only accommodate patient desires up
to a point, what effect would a binding price ceiling have on the health care
market?
Ans: Quantity of health care supplied would fall.
Question: The 1974 federal legislation that exempted employers from certain
state laws governing health insurance was:
Ans: ERISA
Question: Assuming providers will accommodate patient desires, what effect
would a binding price ceiling have on the health care market?
Ans: Price will decrease to adhere to the price ceiling and quantity will
increase
Question: Which of the following does NOT contribute to wasteful spending
in medical care?
Ans: · Price transparency
