Question 1
Choose the answer that gives the correct answers to fill in the
blanks.
In order to buy health insurance coverage for the month, Janice
pays a monthly _______. Each year, Janice has to pay the full cost
of her health care until she has paid enough to cover her ______,
after which if she receives health care she pays _______ until she
has met her _______ after which her insurance company pays all of
her (in-network) health care bills.
|
fixed copay; out-of-pocket maximum; a deductible;
premium.. |
|
deductible; premium; a fixed copay; out-of-pocket maximum. |
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premium; fixed copay; a deductible; out-of-pocket maximum. |
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premium; out-of-pocket maximum; a fixed copay; deductible. |
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premium; deductible; a fixed copay; out-of-pocket maximum. |
Question 2
The Iron Triangle that the Crash Course video discusses as an
obstacle to making substantial changes to the U.S. health care
system is which of the following?
|
The mutually beneficial relationship between Congress,
government bureaucrats, and lobbyists. |
|
The competing interests of the pharmaceutical industry,
insurance industry, and the FDA. |
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Federal, State, and local governments which often conflict over
what should be covered and which level of government should
pay. |
|
The conflicting interests of hospitals, insurance companies,
and patients. |
|
The mutually beneficial relationship between the American
Medical Association, the American Hospital Association, and the
Health Insurance Association of America. |
Question 3
What does the presence of widespread health insurance coverage
do to the price and quantity of health care used, and to total
health care expenditure?
|
It increases price, increases the quantity used, and increases
total health care expenditure. |
|
It increases price, decreases quantity used, and increases
total health care expenditure. |
|
It decreases price, increases quantity used, and has an
ambiguous effect on health care expenditure. |
|
It decreases price, increases quantity used, and decreases
total health care expenditure. |
|
It decreases price, increases the quantity used, and increases
total health care expenditure. |
Question 4
Which of the following statements is TRUE?
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Actuarially fair insurance guarantees that the insurance
company cannot lose money. |
|
Medicare is actuarially fair insurance because individuals pay
for it with an earmarked tax on income earned each year before the
age of 65. |
|
Actuarially fair insurance has a premium that is equal to the
individual's own expected costs over the insured period. |
|
Actuarially fair insurance includes a loading factor in the
premium. |
|
Actuarially fair insurance would NOT be purchased by a risk
averse individual. |
Question 5
Which of the following statements about community rating is
TRUE?
|
Community rating in health insurance is achieved when health
care is paid for through a progressive income tax. |
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A deductible is a kind of community rating for health
insurance. |
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Community rating in health insurance can work if everyone is
required to buy insurance. |
|
Medicare is an example of community rating in health
insurance. |
|
Community rating is an example of actuarially fair
insurance. |