MHA 707 Exam C | Questions and Answers |
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Terms in this set (83)
What is "asymmetry of information"? •Physician vs. patient (vs. 3rd Party payer)
Why is it important in HC ?
What is "non-marketability of risk"? inherent if medicine and medical practice
Health is not a marketable product, that is, it
cannot be exchanged between consumers
Moral Hazard behaving differently when you know someone else
is taking the risk (Induced demand)
Adverse Selection the sicker people likely want more insurance (the
healthier, less)
pooling of risk sharing risk proportionately among many is a basic
insurance
concept
National Health Expenditure •Provide official estimates of health care spending
Accounts (NHEA) in the United States and Measures health care
consumption and health care investment
, National Health Expenditure National Health Expenditures (NHE), Health
Accounts (NHEA) produce: Consumption Expenditures (HCE), Personal Health
Care (PHC)
How much $ is spent on HC in US: •$3.49 trillion
absolute, per capita and as a % of •17.9% of GDP
GDP? •$10,739 per capita
Percentage of $ spent in hospitals? •About 33% - hospitals
On doctors? On Rx drugs? •About 20% - physicians
•About 9.5% (10.5% in 2019) - drugs
Chronic disease - what is it & why is it conditions that last 1 year or more and require
important? What percent of NHE is ongoing medical attention or limit activities of daily
spent on chronic disease? living or both.
- 90% of the NHE are for chronic and mental health
diseases.
What are "personal behaviors" and Tobacco, obesity, poor diet, substance
how do they fit into the leading misuse/abuse
causes of death? -Half of the mortality from 10 leading CODs
attributed to personal behaviors
What percent of Americans are only 6.7% of Americans were hospitalized in 2018
hospitalized each year?
What portion of Americans are 8% of people under the age of 65 were uninsured
uninsured? What portion of in 2019
Americans under age 65 are covered * leaves 26.4 M uninsured *
by private health insurance? About 66% of people under the age of 65 are
covered through private insurance
Verified Solutions | 2026 Edition | Pass
Guaranteed
Save
Terms in this set (83)
What is "asymmetry of information"? •Physician vs. patient (vs. 3rd Party payer)
Why is it important in HC ?
What is "non-marketability of risk"? inherent if medicine and medical practice
Health is not a marketable product, that is, it
cannot be exchanged between consumers
Moral Hazard behaving differently when you know someone else
is taking the risk (Induced demand)
Adverse Selection the sicker people likely want more insurance (the
healthier, less)
pooling of risk sharing risk proportionately among many is a basic
insurance
concept
National Health Expenditure •Provide official estimates of health care spending
Accounts (NHEA) in the United States and Measures health care
consumption and health care investment
, National Health Expenditure National Health Expenditures (NHE), Health
Accounts (NHEA) produce: Consumption Expenditures (HCE), Personal Health
Care (PHC)
How much $ is spent on HC in US: •$3.49 trillion
absolute, per capita and as a % of •17.9% of GDP
GDP? •$10,739 per capita
Percentage of $ spent in hospitals? •About 33% - hospitals
On doctors? On Rx drugs? •About 20% - physicians
•About 9.5% (10.5% in 2019) - drugs
Chronic disease - what is it & why is it conditions that last 1 year or more and require
important? What percent of NHE is ongoing medical attention or limit activities of daily
spent on chronic disease? living or both.
- 90% of the NHE are for chronic and mental health
diseases.
What are "personal behaviors" and Tobacco, obesity, poor diet, substance
how do they fit into the leading misuse/abuse
causes of death? -Half of the mortality from 10 leading CODs
attributed to personal behaviors
What percent of Americans are only 6.7% of Americans were hospitalized in 2018
hospitalized each year?
What portion of Americans are 8% of people under the age of 65 were uninsured
uninsured? What portion of in 2019
Americans under age 65 are covered * leaves 26.4 M uninsured *
by private health insurance? About 66% of people under the age of 65 are
covered through private insurance
