Matching questions
1-142 of 142
Click a definition to match it with a term
part b: supplemental medical insurance (SMI)
Give this one a try later!
Physician services, outpatient services, limited preventive services
Most people pay monthly premium
Varies based on income
Covers some services Part A does not
Ex. Physical therapy
Accounts for over 25% of total benefit spending
40+ million enrollees
, * Many have supplemental insurance programs on top of Part B coverage!
Ex. Employer coverage, Medicare Advantage Plans, Medicaid, Medigap
common demand shifters
Give this one a try later!
price of a substitute good, price of a complementary good, income, quality
(actual or perceived), physical profile
income elasticity (demand)
Give this one a try later!
% change in Qd / % change in income
monopsonies
Give this one a try later!
few consumers who control price paid to sellers
inelastic (supply)
Give this one a try later!
, supply of the good is not sensitive to a change in price (or other variables)
benefits of CHIP (mandatory)
Give this one a try later!
CHIP programs must provide "basic" benefits
Inpatient and outpatient hospital care
Physician services
Laboratory
X-ray
Well-baby & well-child
CHIP programs may provide additional benefits such as Rx drugs, mental
health, vision, and hearing
Must follow benchmarks similar to Medicaid
adverse selection
Give this one a try later!
unhealthy people my over-select a particular plan do to more attractive
coverage (i.e. plan is more comprehensive); there is a disproportionate # of
high risk beneficiaries in one "pool" > Insurance companies must raise
premiums to cover costs > Healthy/ low risk individuals will leave the "pool"
profit maximization point
Give this one a try later!
, level of output where marginal cost = price
hurley v eddingfield
Give this one a try later!
having a license to practice medicine does NOT obligate an individual to
practice medicine in any particular fashion or with any clientele; physician-
patient relationship not continuous
disequilibrium
Give this one a try later!
surplus or scarcity
supply elasticity
Give this one a try later!
percentage change in quantity suppled resulting from a 1% increase in the
price (or other variables, such as inputs) of buying the good
deductible
Give this one a try later!
1-142 of 142
Click a definition to match it with a term
part b: supplemental medical insurance (SMI)
Give this one a try later!
Physician services, outpatient services, limited preventive services
Most people pay monthly premium
Varies based on income
Covers some services Part A does not
Ex. Physical therapy
Accounts for over 25% of total benefit spending
40+ million enrollees
, * Many have supplemental insurance programs on top of Part B coverage!
Ex. Employer coverage, Medicare Advantage Plans, Medicaid, Medigap
common demand shifters
Give this one a try later!
price of a substitute good, price of a complementary good, income, quality
(actual or perceived), physical profile
income elasticity (demand)
Give this one a try later!
% change in Qd / % change in income
monopsonies
Give this one a try later!
few consumers who control price paid to sellers
inelastic (supply)
Give this one a try later!
, supply of the good is not sensitive to a change in price (or other variables)
benefits of CHIP (mandatory)
Give this one a try later!
CHIP programs must provide "basic" benefits
Inpatient and outpatient hospital care
Physician services
Laboratory
X-ray
Well-baby & well-child
CHIP programs may provide additional benefits such as Rx drugs, mental
health, vision, and hearing
Must follow benchmarks similar to Medicaid
adverse selection
Give this one a try later!
unhealthy people my over-select a particular plan do to more attractive
coverage (i.e. plan is more comprehensive); there is a disproportionate # of
high risk beneficiaries in one "pool" > Insurance companies must raise
premiums to cover costs > Healthy/ low risk individuals will leave the "pool"
profit maximization point
Give this one a try later!
, level of output where marginal cost = price
hurley v eddingfield
Give this one a try later!
having a license to practice medicine does NOT obligate an individual to
practice medicine in any particular fashion or with any clientele; physician-
patient relationship not continuous
disequilibrium
Give this one a try later!
surplus or scarcity
supply elasticity
Give this one a try later!
percentage change in quantity suppled resulting from a 1% increase in the
price (or other variables, such as inputs) of buying the good
deductible
Give this one a try later!
