MHA 710/ MHA710 Exam 2 Prep - (New 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct
QUESTION
A physician's ability to induce demand
... [Show More] is greatly enhanced when:
Answer:
patients have difficulty gathering and processing information.
Information problems affect buyers' ability to assess the value of additional information gathered prior to a decision. Because the marginal benefit of gathering additional information is less than the marginal cost of the search for more information, consumers make decisions with the best information available to them, even though it may be incomplete. Often, they rely on the advice of the physician who will eventually provide the service.
QUESTION
Researchers use cost-of-illness studies for all of the following except to:
Answer:
compare the relative efficiency of treating various conditions.
A cost-of-illness study measures the overall cost to society of a particular health condition. The study examines total spending, direct and indirect, without comparing it to any other option. The other options are true of cost-of-illness studies.
QUESTION
The primary tasks required to conduct a successful cost effectiveness study are all of the following except:
Answer:
identifying the overall cost of a health condition on society.
Identifying the overall cost to society, or burden of a disease, is the objective of a cost-of-illness study. The other options are required to successfully complete a cost-effectiveness study.
QUESTION
The direct costs in an economic evaluation include all of the following except:
Answer:
reduced productivity at work.
Reduced productivity is an indirect cost measured by the estimated value of the productive hours of work lost due to illness or injury (often measured by hours of work lost multiplied by the hourly wage). The other costs listed are costs directly related to the provision of medical services or borne by the individual to access care and complement the recovery process.
QUESTION
Researchers estimate QALYs in a number of different ways. One popular approach is called the
Answer:
standard gamble.
QUESTION
1. The standard cut-off for cost per QALY is ______ per capita income.
Answer:
a. equal to
b. 2 times
c. 3 times
d. 4 times
e. 5 times
QUESTION
Cost-effectiveness considerations are more formally integrated into health policy making in
Answer:
Australia, Europe, and Canada
QUESTION
Steps in performing a cost-effectiveness analysis include all of these EXCEPT
Answer:
prioritizing the alternative treatment options.
QUESTION
Researchers use cost-of-illness studies to
Answer:
a. study the burden of a disease.
b. determine the low-cost option to treat a disease.
c. compare two or more treatment options when the medical outcome is identical.
d. increase public awareness of cost of treating certain diseases.
e. do all of the above. - answer
QUESTION
Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good? [Show Less]