HE 360 /HE 360 Healthcare Economics Lesson 6-7 Exam. Latest 2021.In the figure above, box BCDH represents:
Question options:
a revenue transfer from cons
... [Show More] umers to producers under monopoly.
part of the welfare loss of monopoly.
a result of rate regulation.
a revenue rebate from producers to consumers.
Question 22.5 / 2.5
points
The Hawaii's Keiki (Child) Care insurance program was halted
because:
Question options:
the program apparently crowded out other insurance coverage.
the program turned out a large and lucrative revenue flow.
there was extensive fraud in the program.
there were not personnel available to run the program.
Question 32.5 / 2.5
points
Currie and Gruber have found that Medicaid programs often
lead to improvements in measures of health such as infant
mortality rates. They tend to be expensive, however leading to
questions of program viability as measured by:
Question options:
cost-benefit ratios.
economic efficiency.
cost-utility analysis.
cost-effectiveness.
Question 42.5 / 2.5
points
Suppose, in the figure above that the rate regulator imposes
price I. In response, the monopolist will:
Question options:
lower price and increase quantity, leading to increased consumer surplus.
increase price and decrease quantity, leading to decreased consumer surplus.
keep quantity the same and accept reduced profits.
cease producing the good.
Question 50 / 2.5
points
Trends from 1998 to 2008 show that Medicare patients have
__________ lengths of stay than the average for all patients,
and that the difference has been __________.
Question options:
shorter; growing
shorter; decreasing
longer; increasing
longer; decreasing
Question 62.5 / 2.5
points
Refer to the figure above. Under monopolistic pricing the
hospital will produce __________ where __________.
Question options:
Q1; marginal revenue equals marginal cost
Q1; marginal revenue equals average cost
Q2; prospective cost equals demand price
Q3; demand is satisfied
Question 70 / 2.5
points
In 2010 and 2011, some states scaled back their Medicaid
programs, or considered withdrawing, because:
Question options:
they found widespread fraud in the programs.
physicians were refusing Medicaid clients.
they found nursing home payments to be onerous.
budget troubles made it difficult for them to pay their match.
Question 82.5 / 2.5
points
Suppose there are five hospitals in a county and two of the
five seek to merge into a single hospital. A valid reason to
oppose this merger on anti-trust grounds might be that:
Question options:
the two hospitals are the only ones in the county that provide inpatient psychiatric care, and such a merger would reduce competition.
reduced hospital staffing would harm the local economy.
the average distance of a trip to a hospital will increase from 4 miles to 5 miles.
the Elzinga-Hogarty criteria would term such a merger as anti-competitive.
Question 92.5 / 2.5
points
Analysts believe that Medicare's share of GDP will rise
because:
Question options:
of increased numbers of beneficiaries.
of decreased costs per beneficiary.
of fraud in the Medicare system.
Medicaid is being phased out.
Question 100 / 2.5
points
The Sustainable Growth Rate system has sought to limit
Medicare physician reimbursement. It has: [Show Less]