Different reimbursement approaches/strategies involve more or less risk for health care providers and for health insurance companies. Which approaches/strategies involve the most risk for health are providers? Which approaches/strategies involve the most risk for health insurance companies? Explain “why” in each of your answers, and make sure you define all relevant terms and concepts

The Subject: Microeconomic Chapter Seven What are the asymmetric information problems in the market for health insurance?

The difference between retrospective versus prospective reimbursement is that:   a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.   b. Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.   c. Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients.    d. None of the choices are correct

Benefits are payable in a Critical Illness Plan for which of the following situations or illnesses?   A.Suicide or attempted suicide   B.Leukemia   C.Drug addiction   D.Accidental injury

Use the following graph to answer the next three questions. Health of Population A Point A Point D Point B Which point on the graph best represents a country that has a very large health care infrastructure and where an increased quantity of health care would initially deliver almost no marginal benefit? Point E B Point C D Quantity of Medical Care Health

the stock market. What general economic assumptions of markets do not apply to healthcare? Explain why.

Which of the following is NOT a healthcare good or service? A)Vaccine B)Patient advocate (social worker) C)Life insurance D)Privately purchased a knee brace

What Medicaid reform practices need to take shape before our health system can see results according to the ACP?

Insurance is basically the transferring of risk from one party to another. A. True B. False The cost of healthcare is higher than most other developed countries. A. True B. False

The cost disease of services explains the problems surrounding the health-care crisis.true or false