Deck 10: Government and the Market for Health Care

Question 1

__________ account(s)for the largest portion of public health expenditure in the United States.

A) Children's hospitals
B) Universal health coverage
C) Medicaid
D) Medicare

Answer 1

Medicare

Question 2

At any given time,about 95% of the population in the United States lacks health insurance.

A) True
B) False
C) Uncertain

Answer 2

False

Question 3

U.S.health care spending amounts to _____ per year.

A) $7.8 billion
B) $1.1 million
C) $2.2 trillion
D) $4.4 trillion

Answer 3

$2.2 trillion

Question 4

Private health insurance pays for what percentage of health care expenditures?

A) 0
B) 5
C) 40
D) 35

Question 5

In the United States,universal health care is administered by

A) the federal government.
B) state governments.
C) private insurance companies.
D) hospitals.
E) none of these answer options are correct.

Question 6

In 1980,26 million people in the U.S.were over the age of 65.What is the amount currently?

A) 34 million
B) 35 million
C) 36 million
D) 37 million

Question 7

Job lock is good for the U.S.work force.

A) True
B) False
C) Uncertain

Question 8

How many elderly people are covered by Medicare?

A) one third
B) one half
C) almost all
D) almost none

Question 9

There are two forms of health care provided by the government: _________ is provided for the poor,and _________ is provided for the elderly.

A) HMO; Medicare
B) PMI; HMO
C) Medicaid; Medicare
D) Medicare; Medicaid
E) SSI; Medicare

Question 10

The prescription drug benefit plan was added to Medicare in

A) 2006.
B) 1996.
C) 1965.
D) 1944.

Question 11

Under federal tax law,employer-provided health insurance is not subject to taxation.

A) True
B) False
C) Uncertain

Question 12

Most private insurance is provided by

A) employers as a benefit to their employees.
B) the federal government.
C) HMOs.
D) the Office of Health Insurance.

Question 13

Generally,managed care means

A) health care is provided by teams,not by an individual doctor.
B) limits are placed on utilization of health care services.
C) health care is provided by the government to all citizens.
D) doctors pick which patients they want to see.

Question 14

HI (Hospital Insurance)is financed by a payroll tax,while SMI (Supplementary Medical Insurance)is financed out of general revenues.

A) True
B) False
C) Uncertain

Question 15

The Medicaid program provides health insurance for the

A) elderly.
B) poor.
C) veterans of wars.
D) disabled.

Question 16

The highest percentage of uses of health care funds in the U.S.for 2010 was

A) research.
B) hospital care.
C) home health care.
D) nursing home care.

Question 17

The __________ level of government accounts for the largest share of health care spending.

A) regional
B) state
C) municipal
D) federal

Question 18

What does job lock mean?

A) A tendency for workers to remain in their jobs to keep their insurance coverage
B) A job where a time clock is used
C) A job that provides insurance coverage only after several years of employment
D) all of these answer options are correct.

Question 19

What was the percentage of GDP that was expended,in total,on health care?

A) 0.132%
B) 12%
C) 13.2%
D) 16%

Question 20

Most private medical insurance is provided through employers as a benefit to their employees.

A) True
B) False
C) Uncertain

Question 21

With the aging of the American population,it might be necessary to reduce the medical benefits to elderly.How do you feel about this idea?

Question 22

Due to moral hazard,the goal of providing security is likely to conflict with the goal of efficiency.

A) True
B) False
C) Uncertain

Question 23

The health care system currently in place will be dramatically changed in the next four years.

A) True
B) False
C) Uncertain

Question 24

What do you feel would be the effect of a mandate that requires all people to purchase health insurance?

Question 25

Refer to the figure below,expenditures as a percent of GDP fell dramatically in the 1980s.

A) True
B) False
C) Uncertain

Question 26

Medicare requires individuals to take a standard health test first,but Medicaid does not.

A) True
B) False
C) Uncertain