RMI exam 3-Health insurance videos

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/29

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

30 Terms

1
New cards

[Health Insurance Videos-18] What challenges do single-payer systems face according to Gruber?

A) They are simpler than private insurance systems.

B) They are politically unpopular due to high taxes.

C) They involve significant administrative costs.

D) They replace hidden taxes with visible taxes.

E) None of the above.

B) They are politically unpopular due to high taxes.

D) They replace hidden taxes with visible taxes.

2
New cards

[Health Insurance Videos-25] Why might an insurance company be reluctant to cover preventive care?

A) The benefits of preventive care may not be realized within the duration of a policy.

B) Preventive care does not have a direct impact on patient health.

C) Preventive care can lead to overdiagnosis and overtreatment.

D) Covering preventive care would lead to lower premiums.

E) None of the above.

A) The benefits of preventive care may not be realized within the duration of a policy.

C) Preventive care can lead to overdiagnosis and overtreatment.

3
New cards

[Health Insurance Videos-5] What was one of the main goals of the Affordable Care Act (ACA)?

A) To eliminate private health insurance

B) To expand health insurance coverage

C) To nationalize the healthcare system

D) To reduce healthcare costs

E) None of the above.

B) To expand health insurance coverage

D) To reduce healthcare costs

4
New cards

[Health Insurance Videos-26] Which of the following were challenges in the individual market before the ACA?

A) Too much access to subsidies.

B) High premiums for those with preexisting conditions.

C) Plans were universally affordable.

D) Coverage often excluded maternity care.

E) None of the above.

B) High premiums for those with preexisting conditions.

D) Coverage often excluded maternity care.

5
New cards

[Health Insurance Videos-10] (Exactly One Correct Answer) According to Gruber, what are the two fundamental problems in healthcare in the US?

A) Quality is too low and access is too unequal

B) Spending is too high and quality is too low

C) Quality is too high and spending is too low

D) Spending is too high and access is too unequal

D) Spending is too high and access is too unequal

6
New cards

[Health Insurance Videos-2] What are the possible effects of moral hazard in the healthcare market?

A) Increase in healthcare costs

B) Perfect competition

C) Increase in health insurance premiums

D) Overutilization of healthcare services

E) None of the above

A) Increase in healthcare costs

C) Increase in health insurance premiums

D) Overutilization of healthcare services

7
New cards

[Health Insurance Videos-28] How did the individual mandate aim to counterbalance the requirement to cover pre-existing conditions?

A) By reducing the number of essential health benefits.

B) By federalizing all health insurance.

C) By subsidizing pharmaceutical companies.
D) By encouraging healthy individuals to enter the insurance pool. E) None of the above.

D) By encouraging healthy individuals to enter the insurance pool.

8
New cards

[Health Insurance Videos-7] Which of the following are examples of asymmetric information in healthcare?

A) Physicians have more knowledge about medical conditions and treatments than patients.

B) Patients have more information about healthcare costs than physicians.

C) Healthcare providers have less knowledge about the quality of their services compared to patients.

D) Patients know more about their health status than insurance companies.

E) None of the above.

A) Physicians have more knowledge about medical conditions and treatments than patients.

D) Patients know more about their health status than insurance companies.

9
New cards

[Health Insurance Videos-21] (Exactly One Correct Answer) According to Gruber, why is cutting wasteful healthcare spending challenging?

A) Identifying wasteful spending requires agreement from all political parties.

B) There is no agreement on what constitutes wasteful spending.

C) Cutting wasteful spending could lead to a decrease in healthcare quality.

D) It is easy to identify which spending is wasteful retrospectively, not prospectively

D) It is easy to identify which spending is wasteful retrospectively, not prospectively

10
New cards

[Health Insurance Videos-29] What impact would a strong individual mandate have on premiums?

A) Increased premiums for everyone.

B) Increased premiums for healthy individuals.

C) No impact.

D) Lowered premiums overall.

E) None of the above.

D) Lowered premiums overall.

11
New cards

[Health Insurance Videos-11] (Exactly One Correct Answer) What percentage of Americans have employer-sponsored insurance?

A) 60%

B) 15%

C) 20%

D) 45%

A) 60%

12
New cards

[Health Insurance Videos-27] (Exactly One Correct Answer) What is one of the main goals of requiring insurers to cover pre-existing conditions?

A) Reducing emergency room visits.

B) Increasing insurer profits.

C) Ensuring access to coverage for high-risk individuals.

D) Lowering insurance premiums.

C) Ensuring access to coverage for high-risk individuals.

13
New cards

[Health Insurance Videos-15] What are the two routes for controlling healthcare costs mentioned in the Gruber Video?

A) The free market path

B) The regulatory path

C) The incentives route

D) The single-payer path

E) None of the above.

B) The regulatory path

C) The incentives route

14
New cards

[Health Insurance Videos-30] Why did some states choose not to expand Medicaid?

A) Ideological opposition to expansion.

B) Federal funding was insufficient.

C) Lack of eligible population.

D) None of the above.

A) Ideological opposition to expansion.

15
New cards

[Health Insurance Videos-16] What does Jonathan Gruber suggest is unique about the U.S. healthcare system compared to other developed nations?

A) The U.S. spends a significantly higher percentage of GDP on healthcare.

B) People from other countries come to the U.S. for healthcare treatments.

C) The U.S. has the most unequal healthcare system.

D) The U.S. has a much lower infant mortality rate than other developed countries.

E) None of the above.

A) The U.S. spends a significantly higher percentage of GDP on healthcare.

B) People from other countries come to the U.S. for healthcare treatments.

C) The U.S. has the most unequal healthcare system.

16
New cards

[Health Insurance Videos-6] Which of the following are reasons why healthcare demand is considered inelastic?

A) Healthcare services are essential for survival.

B) The need for healthcare services is often unpredictable.

C) Substitutes for healthcare services are limited.

D) Healthcare services are luxury goods.

E) None of the above.

A) Healthcare services are essential for survival.

B) The need for healthcare services is often unpredictable.

C) Substitutes for healthcare services are limited.

17
New cards

[Health Insurance Videos-19] What are the reasons people remain uninsured in the U.S. despite the individual mandate, according to Gruber?

A) Undocumented immigrants are not covered by the law.

B) All private health insurances were abolished.

C) The law exempts people below the poverty line from the mandate.

D) Some people rationally pay the penalty even when the cost of a health plan is lower.

E) None of the above.

A) Undocumented immigrants are not covered by the law.

C) The law exempts people below the poverty line from the mandate.

18
New cards

[Health Insurance Videos-4] Which of the following statements about the U.S. healthcare system are accurate?

A) The U.S. has universal healthcare coverage.

B) The Affordable Care Act (ACA) aimed to expand health insurance coverage in the U.S.

C) The U.S. spends a higher percentage of its GDP on healthcare compared to other developed countries.

D) The U.S. has a predominantly single-payer healthcare system.

E) None of the above.

B) The Affordable Care Act (ACA) aimed to expand health insurance coverage in the U.S.

C) The U.S. spends a higher percentage of its GDP on healthcare compared to other developed countries.

19
New cards

[Health Insurance Videos-22] (Exactly One Correct Answer) What unique approach does Gruber suggest the U.S. could take to manage healthcare costs effectively?

A) Embrace a fully government-regulated pricing model for all healthcare services.

B) Implement incentive-based models like Accountable Care Organizations.

C) Encourage more private sector competition to naturally lower prices.

D) Use regulatory frameworks similar to those in European countries.

B) Implement incentive-based models like Accountable Care Organizations.

20
New cards

[Health Insurance Videos-14] (Exactly One Correct Answer) What is the primary reason why the US has not been able to implement a single-payer healthcare system?

A) Political barriers and lobbying from insurance companies

B) Lack of public support

C) Insufficient government funding

D) Opposition from healthcare providers

A) Political barriers and lobbying from insurance companies

21
New cards

[Health Insurance Videos-20] How does the Affordable Care Act attempt to control costs, according to Gruber?

A) By regulating the number of healthcare providers and facilities.

B) By introducing a single-payer system.

C) Through heavy regulation of healthcare providers and prices.

D) By eliminating the requirement for emergency departments to treat patients regardless of insurance status.

E) None of the above.

E) None of the above.

22
New cards

[Health Insurance Videos-9] Which of the following are potential interventions to address moral hazard in healthcare?

A) Implementing copayments or deductibles for healthcare services

B) Allowing insurers to risk adjust premiums

C) Limiting the number of covered healthcare services

D) Offering tax incentives for purchasing private health insurance

E) None of the above.

A) Implementing copayments or deductibles for healthcare services

C) Limiting the number of covered healthcare services

23
New cards

[Health Insurance Videos-1] Which of the following are unique features of the healthcare market that differentiate it from other markets?

A) Adverse selection

B) Moral hazard

C) Asymmetric information

D) Inelastic demand

E) None of the above.

A) Adverse selection

B) Moral hazard

C) Asymmetric information

D) Inelastic demand

24
New cards

[Health Insurance Videos-3] Which of the following are potential consequences of adverse selection in the healthcare market?

A) Decreased insurance coverage for high-risk individuals

B) Increased insurance premiums for healthier individuals

C) Market failure

D) Increased healthcare prices

E) None of the above.

B) Increased insurance premiums for healthier individuals

C) Market failure

25
New cards

[Health Insurance Videos-13] Why do other developed nations regulate healthcare prices?

A) Due to imperfect information in the healthcare market

B) To control costs

C) To ensure equal access to healthcare

D) Because of imperfect competition among healthcare providers

E) None of the above.

A) Due to imperfect information in the healthcare market

B) To control costs

D) Because of imperfect competition among healthcare providers

26
New cards

[Health Insurance Videos-23] Which of the following strategies were part of the ACA’s approach to “bend the cost curve”?

A) Mandating preventive care coverage with no cost-sharing.

B) Establishing minimum essential coverage requirements.

C) Mandating the offering of HMOs.

D) Creating health insurance exchanges.

E) None of the above.

A) Mandating preventive care coverage with no cost-sharing.

D) Creating health insurance exchanges.

27
New cards

[Health Insurance Videos-24] Which groups were expected to be impacted by the ACA’s cost-curve bending measures?

A) Illegal immigrants.

B) Patients with pre-existing conditions.

C) Healthcare providers.

D) Insurance companies.

E) None of the above.

B) Patients with pre-existing conditions.

C) Healthcare providers.

D) Insurance companies.

28
New cards

[Health Insurance Videos-8] What role(s) did the ACA play in addressing market failures in the healthcare market?

A) Subsidizing healthcare services for low-income individuals

B) Mandating that all individuals purchase health insurance

C) Eliminating all healthcare regulations

D) Regulating healthcare providers to ensure minimum quality standards

E) None of the above.

A) Subsidizing healthcare services for low-income individuals

B) Mandating that all individuals purchase health insurance

D) Regulating healthcare providers to ensure minimum quality standards

29
New cards

[Health Insurance Videos-12] Which of the following are “legs” of the ACA’s approach to healthcare reform?

A) Individual mandate

B) Ban insurer discrimination

C) Implement a single-payer system

D) Subsidies to make health insurance affordable

E) None of the above.

A) Individual mandate

B) Ban insurer discrimination

D) Subsidies to make health insurance affordable

30
New cards

[Health Insurance Videos-17] According to Jonathan Gruber, why is the metric of infant mortality misleading in evaluating U.S. healthcare?

A) It suggests the U.S. healthcare system is poor while ignoring its strengths.

B) It does not account for the economic status of individuals.

C) It ignores the low quality of healthcare available to the insured.

D) It does not differentiate between the outcomes for different racial groups.

E) None of the above.

A) It suggests the U.S. healthcare system is poor while ignoring its strengths.

B) It does not account for the economic status of individuals.

D) It does not differentiate between the outcomes for different racial groups.