Question 1

We have learned that there are substitutes (in economic terms) for various types of clinicians. Give an example.

Q2

Which of these is not a source of economic pressure for community hospitals?

Group of answer choices

Increasing Hospital Admissions

Medicare and Medicaid Budgets

Increasing Use of Outpatient Facilities

High Fixed Costs

Q3

Compare and Contrast Medicare and Medicaid. (2 para.)

Q4

Health care accounts forapproximatelywhat percentage of US GDP?

Q5

Single-Payer Coverage and Universal Coverage are two terms that mean essentially the same thing.

True or False?

Q6

How do insurers make most of their money?

How do insurers make most of their money?

Group of answer choices

Underwriting

Investing

Fee-for-Service

Pre-Authorization

A and B

Q7

What is an inferior good? Give an example.

Q8

Name two conditions necessary for perfect competition.

Q9

Pareto Efficiencyis the state at which _

Q10

In the long run, all resources are ________.

Group of answer choices

Variable

Fixed

Marginal

Both Fixed and Variable

Q11

When hospitals are paid on a retrospective cost basis, the risk is absorbed primarily by:

Group of answer choices

The hospital

The payer/insurer

The payer and insurer equally

The physician

Q12

Briefly explain the relationship between income and leisure asdiscussed in class.

Q13

The Affordable Care Act has remained unchanged since the law was enacted in 2010.

Group of answer choices

True

False