Exam 2 pubh 6012 Study guides, Class notes & Summaries

PUBH 6012 Exam 2 Questions and Answers Already Passed Reasons for market failures - Imperfect information Concentration of market power Consumption of public goods Presence of externalities Market failure: public goods - Non-rival: more than one person can enjoy them simultaneously Nonexclusive: impossible or too costly to exclude individuals from enjoying the good Consumption of public goods leads to free riders Market failure: externalities - Positive or negative impact when one perso...

prescription drug doughnut hole - Correct gap in prescription drug coverage between a limit for coverage and catastrophic coverage T/F Medicare Advantage offers less choice in provider than traditional medicare - Correct true because medicare advantage is similar to managed care-- there is a preferred or required network of providers where you can receive care, traditional medicare is fee-for-service from any medicare provider prospective payment - Correct A method of reimbursement based o...

prescription drug doughnut hole - Correct gap in prescription drug coverage between a limit for coverage and catastrophic coverage T/F Medicare Advantage offers less choice in provider than traditional medicare - Correct true because medicare advantage is similar to managed care-- there is a preferred or required network of providers where you can receive care, traditional medicare is fee-for-service from any medicare provider prospective payment - Correct A method of reimbursement based o...

Steve- individual markets exist outside of ACA - not bound by ACA to abide by regulations essential health benefits not applicable to large preventative do apply to preventative Employees - - qualify if less than 9.86% of household income - can go to individual marketplace Kaiser family foundation - - - exempt as a small business - have to purchase small business insurance--marketplace for small business is there can get access to subsidies - reality they are not being incentivized. ...

Reasons for market failures - Imperfect information Concentration of market power Consumption of public goods Presence of externalities Market failure: public goods - Non-rival: more than one person can enjoy them simultaneously Nonexclusive: impossible or too costly to exclude individuals from enjoying the good Consumption of public goods leads to free riders Market failure: externalities - Positive or negative impact when one person's actions create a benefit of imposing a cost on ot...

Reasons for market failures - Imperfect information Concentration of market power Consumption of public goods Presence of externalities Market failure: public goods - Non-rival: more than one person can enjoy them simultaneously Nonexclusive: impossible or too costly to exclude individuals from enjoying the good Consumption of public goods leads to free riders Market failure: externalities - Positive or negative impact when one person's actions create a benefit of imposing a cost on ot...

Steve- individual markets exist outside of ACA - not bound by ACA to abide by regulations essential health benefits not applicable to large preventative do apply to preventative Employees - - qualify if less than 9.86% of household income - can go to individual marketplace Kaiser family foundation - - - exempt as a small business - have to purchase small business insurance--marketplace for small business is there can get access to subsidies - reality they are not being incentivized. ...