Free CHE Healthcare Economics Questions and Answers

Question 1

What does supply and demand influence in healthcare economics?

Accepted Answer

Healthcare pricing

Answer

In healthcare economics, supply and demand significantly influence healthcare pricing. When the demand for a particular service or drug is high and its supply is limited, prices tend to increase. This dynamic affects affordability, access, and the overall cost structure within the healthcare system.

Question 2

Which entity primarily funds Medicare in the United States?

Accepted Answer

Federal government

Answer

The federal government primarily funds Medicare in the United States. This national health insurance program, serving individuals aged 65 and older, certain younger people with disabilities, and those with End-Stage Renal Disease, is funded through federal taxes, premiums, and general revenue.

Question 3

What is the term for healthcare costs that are not reimbursed by insurance?

Accepted Answer

Out-of-pocket costs

Answer

Out-of-pocket costs refer to the expenses for medical care that patients must pay themselves, even when they have health insurance. These can include deductibles, co-payments, co-insurance, and costs for services not covered by their plan, directly impacting a patient's financial burden.

Question 4

What is one major goal of value-based healthcare?

Accepted Answer

Improve outcomes and reduce costs

Answer

One major goal of value-based healthcare is to improve outcomes and reduce costs. This approach shifts the focus from the volume of services provided to the quality and effectiveness of care delivered, aiming to achieve better patient health results more efficiently and affordably.

Question 5

What role does health insurance play in the healthcare economy?

Accepted Answer

Spreads risk and improves access

Answer

Health insurance plays a crucial role in the healthcare economy by spreading risk and improving access to care. It pools financial risk across a large group, making healthcare more affordable and accessible for individuals who might otherwise face prohibitive expenses for unexpected medical events.

CHE - Certified Healthcare Executive Practice Test

CHE - Certified Healthcare Executive Practice Test

Free CHE Healthcare Economics Questions and Answers