Chapter 1_Key Terms 2025/2026 Exam
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Public option - 🧠 ANSWER ✔✔A public health insurance plan comparable
to Medicaid, designed to compete with private insurance.
Uncertainty - 🧠 ANSWER ✔✔A state in which multiple outcomes are
possible but the likelihood of any one outcome is not known.
Premium - 🧠 ANSWER ✔✔A periodic payment required to purchase an
insurance policy.
, Group insurance - 🧠 ANSWER ✔✔A plan whereby an entire group receives
insurance under a single policy. The insurance is actually issued to the plan
holder, usually an employer or association.
Medicare - 🧠 ANSWER ✔✔Health insurance for the elderly provided under
an amendment to the Social Security Act.
Medicaid - 🧠 ANSWER ✔✔Health insurance for the poor financed jointly by
federal and state governments.
Flexner Report - 🧠 ANSWER ✔✔A 1910 report published as part of a
critical review of medical education in the United States. The response of
the medical establishment led to significant changes in the accreditation
procedures of medical schools and an improvement in the quality of
medical care.
Collective bargaining - 🧠 ANSWER ✔✔The negotiation process whereby
representatives of employers and employees agree upon the terms of a
labor contract, including wages and benefits.
Cost shifting - 🧠 ANSWER ✔✔The practice of charging higher prices to one
group of patients, usually those with health insurance, in order to provide
Questions and Verified Answers |
Already Graded A+
Public option - 🧠 ANSWER ✔✔A public health insurance plan comparable
to Medicaid, designed to compete with private insurance.
Uncertainty - 🧠 ANSWER ✔✔A state in which multiple outcomes are
possible but the likelihood of any one outcome is not known.
Premium - 🧠 ANSWER ✔✔A periodic payment required to purchase an
insurance policy.
, Group insurance - 🧠 ANSWER ✔✔A plan whereby an entire group receives
insurance under a single policy. The insurance is actually issued to the plan
holder, usually an employer or association.
Medicare - 🧠 ANSWER ✔✔Health insurance for the elderly provided under
an amendment to the Social Security Act.
Medicaid - 🧠 ANSWER ✔✔Health insurance for the poor financed jointly by
federal and state governments.
Flexner Report - 🧠 ANSWER ✔✔A 1910 report published as part of a
critical review of medical education in the United States. The response of
the medical establishment led to significant changes in the accreditation
procedures of medical schools and an improvement in the quality of
medical care.
Collective bargaining - 🧠 ANSWER ✔✔The negotiation process whereby
representatives of employers and employees agree upon the terms of a
labor contract, including wages and benefits.
Cost shifting - 🧠 ANSWER ✔✔The practice of charging higher prices to one
group of patients, usually those with health insurance, in order to provide
