MHA 710 Exam 3 LSUS Questions and
Answers8
One of the most serious weaknesses in the Medicare system is that - ANSWERS -it provides poor
insurance coverage for unusually long hospital stays.
For Part A coverage of Medicare, the patient pays a deductible approximately equal to the cost
of the first day in the hospital; Medicare pays - ANSWERS -for days 2-60.
Possibly, the most serious flaw in the Medicare system is the fact that - ANSWERS -it provides no
real protection against catastrophic losses resulting from unusually long hospital stays.
- ANSWERS -
Government regulators sometimes set the price of a drug at its marginal cost of production
without including a fair share of the global joint cost of research and development. Which of the
following statements is true about this practice? - ANSWERS -This practice is a classic example
of free riding.
What was the main effect of the agreement on Trade-Related Aspects of Intellectual Property
Rights (TRIPS) on United States' domestic policy? - ANSWERS -It extended the life of patents
from 17 years from the date of grant to 20 years from the date of application.
The majority of pharmaceutical advertising is directed at which of the following groups? -
ANSWERS -Physicians
Part B pays what percentage of the allowable fee set by Medicare? - ANSWERS -80%
, By the time a drug enters the clinical trial phase of testing on humans, - ANSWERS -an average
of five years of the overall patent life has already expired
Which of the following is a true statement about long-term care? - ANSWERS -?
Finkelstein and McKnight (2008) provide an empirical estimate of the benefits to seniors of the
1965 introduction of Medicare. Which of the following statements is true concerning the results
of this study? - ANSWERS -The real impact of the introduction of Medicare was on the reduction
in out-of-pocket health care spending for households faced with catastrophic events (those in
the top 25 percent of spenders).
Which of the following services is covered under Part B of Medicare? - ANSWERS -Emergency
room services
Medicare and Medicaid were enacted by the Johnson administration in 1965 as amendments to
which federal law already in existence? - ANSWERS -Social Security Act
Medical care spending escalates as an individual reaches old age. Which of the following
statements is true regarding medical care spending and the elderly? - ANSWERS -Chronic
illnesses increase as we age as do the multiplicity of services available to treat those illnesses.
How much did pharmaceutical companies spend on direct-to-consumer advertising in 2019? -
ANSWERS -$6.1 billion
Danzon and Furukawa (2003) argue that: - ANSWERS -pharmaceutical price differences across
countries are roughly in line with differences in per capita gross domestic product, supporting
the predictions of Ramsey pricing practices.
How do individuals enroll in Part A of Medicare? - ANSWERS -Individuals are automatically
enrolled on their 65th birthday as long as they or their spouse has paid into the Social Security
system for 10 years
Answers8
One of the most serious weaknesses in the Medicare system is that - ANSWERS -it provides poor
insurance coverage for unusually long hospital stays.
For Part A coverage of Medicare, the patient pays a deductible approximately equal to the cost
of the first day in the hospital; Medicare pays - ANSWERS -for days 2-60.
Possibly, the most serious flaw in the Medicare system is the fact that - ANSWERS -it provides no
real protection against catastrophic losses resulting from unusually long hospital stays.
- ANSWERS -
Government regulators sometimes set the price of a drug at its marginal cost of production
without including a fair share of the global joint cost of research and development. Which of the
following statements is true about this practice? - ANSWERS -This practice is a classic example
of free riding.
What was the main effect of the agreement on Trade-Related Aspects of Intellectual Property
Rights (TRIPS) on United States' domestic policy? - ANSWERS -It extended the life of patents
from 17 years from the date of grant to 20 years from the date of application.
The majority of pharmaceutical advertising is directed at which of the following groups? -
ANSWERS -Physicians
Part B pays what percentage of the allowable fee set by Medicare? - ANSWERS -80%
, By the time a drug enters the clinical trial phase of testing on humans, - ANSWERS -an average
of five years of the overall patent life has already expired
Which of the following is a true statement about long-term care? - ANSWERS -?
Finkelstein and McKnight (2008) provide an empirical estimate of the benefits to seniors of the
1965 introduction of Medicare. Which of the following statements is true concerning the results
of this study? - ANSWERS -The real impact of the introduction of Medicare was on the reduction
in out-of-pocket health care spending for households faced with catastrophic events (those in
the top 25 percent of spenders).
Which of the following services is covered under Part B of Medicare? - ANSWERS -Emergency
room services
Medicare and Medicaid were enacted by the Johnson administration in 1965 as amendments to
which federal law already in existence? - ANSWERS -Social Security Act
Medical care spending escalates as an individual reaches old age. Which of the following
statements is true regarding medical care spending and the elderly? - ANSWERS -Chronic
illnesses increase as we age as do the multiplicity of services available to treat those illnesses.
How much did pharmaceutical companies spend on direct-to-consumer advertising in 2019? -
ANSWERS -$6.1 billion
Danzon and Furukawa (2003) argue that: - ANSWERS -pharmaceutical price differences across
countries are roughly in line with differences in per capita gross domestic product, supporting
the predictions of Ramsey pricing practices.
How do individuals enroll in Part A of Medicare? - ANSWERS -Individuals are automatically
enrolled on their 65th birthday as long as they or their spouse has paid into the Social Security
system for 10 years
