MHA 710 Module 1 Exam with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+

public option - A public health insurance plan comparable to Medicaid, designed to compete with private insurance. Uncertainty - A state in which multiple outcomes are possible but the likelihood of any one outcome is not known. Medicare - Health insurance for the elderly provided under an amendment to the Social Security Act. Medicaid - Health insurance for the poor financed jointly by federal and state governments Flexner Report - 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 - The negotiation process whereby representatives of employers and employees agree upon the terms of a labor contract, including wages and benefits. Cost-shifting - The practice of charging higher prices to one group of patients, usually those with health insurance, in order to provide free care to the uninsured or discounted care to those served by Medicare and Medicaid.Certificate of need (CON): - Regulations that attempt to avoid the costly duplication of services in the hospital industry. Providers are required to secure a certificate of need before undertaking a major expansion of facilities or services. Employee Retirement Income Security Act (ERISA): - Federal legislation passed in 1974 that sets minimum standards on employee benefit plans, such as pensions, health insurance, and disability. The statute protects the interests of employees in matters concerning eligibility for benefits. The law also protects employers from certain state regulations. For example, states are not allowed to regulate self-insured plans and cannot mandate that employers provide health insurance to their employees. Entitlement Programs - Government assistance programs where eligibility is determined by a specified criteria, such as age, health status, and level of income. These programs include Social Security, Medicare, Medicaid, Temporary Assistance for Needy Families (TANF), and many others.