HTHRHSC 4370 Exam 1 Correctly Solved Exam 2024/2025 Review |A level Certification

HTHRHSC 4370 Exam 1 Correctly Solved Exam 2024/2025 Review |A level Certification| GDP (Gross Domestic Product) metric to gauge he health of a countries economy dollar value GDP = total ________ ________ of all goods and services produced over a specific time period Experience rating is most beneficial for which group of individuals? Those who are at low health risk What makes it difficult for insurers to offer community ratings? Strong market competition Which legislation limited insurers' ability to use experience ratings to set premiums? ACA Who is required to purchase private insurance through federal or state exchanges under the ACA? Individuals without government or private health insurance What major issue arose from high administrative costs in individual health insurance plans? 2 High costs for individuals When did employment-based private insurance grow in popularity? During wage and price controls, when wage increases were limited Which two groups received little benefit from the expansion of private insurance? The poor and elderly Medicare Part A primarily covers what type of services? Hospital services How is Medicare Part B funded? Federal taxes and monthly premiums What does Medicare Part D provide coverage for? Prescription drugs What are Medicaid services financed by? Federal and state taxes What is the purpose of Medicare Part C? Medicare Advantage, offering supplemental coverage 3 What percentage of Medicare beneficiaries spend more than 20% of their income on medical care? 15% What is Medicaid's role in health coverage? It insures 1 in 6 people and is the largest health program for the poor What is the minimum percentage of Medicaid funding provided by the federal government? 50% Who qualifies for Medicaid in non-expansion states?