MHA 710/ MHA710 Study guides, Class notes & Summaries

MHA 710/ MHA710 Exam 3: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct when the Q: Suppose the market for nursing services in a local community is so dominated by a single community hospital that, for all practical purposes, it is considered a monopsony. Using the diagram below, answer the question. What is the equilibrium wage and level of employment under monopsony? a. W0 and E1 b. W2 and E0 c. W0 and E0 d. W0 and E2 e. W1 and E1 Answer: c. W0 an...

MHA 710/ MHA710 Exam 4: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: Which of the following provisions included in the Affordable Care Act (ACA) was responsible for the largest number of newly insured? Answer: Expansion of Medicaid Q: The most costly expansion of Medicaid since its inception is referred to as: Answer: The State Children's Health Insurance Program. Q: Answer: In 2008, the state of Oregon used a lottery to ex...

MHA 710/ MHA710 Exam 2 Prep: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: Which of the following measures of effectiveness is an intermediate measure? Answer: Hip fracture - Intermediate measures are events that the treatment is designed to delay or avoid. Intermediate measures include heart attack, stroke, hip fracture, recurrence of disease, and death. The other options are surrogate measures that examine the clinical effect of a treatment. Q...

MHA 710/ MHA710 Exam 2: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: Which of the following measures of effectiveness is an intermediate measure? A. Cholesterol level B. Hip fracture C. Blood pressure D. Bone-mass density (BMD) E. Tumor size Answer: B. Hip fracture Q: Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good? A. When the price of a superior good increases, consu...

MHA 710/ MHA710 Exam 1: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: A health insurance arrangement where individuals have access to health care in exchange for a set premium is called: Answer: Third-party payment system Q: According to Adam Smith's terminology, the "invisible hand" refers to: Answer: · market forces working through the price mechanism. Q: Even in the US, approximately, what percent of medical care is purchased t...

MHA 710/ MHA710 Exam 1 Prep: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: How does healthcare spending per person in the US compare to other countries? Answer: US spends far more per person on healthcare than any other large countries. Q: How does US life expectancy at birth compare to other countries? Answer: 27 out of 34 of the OECD countries (bad!) Q: Has the US achieved the same increases in life expectancy relative to their change...