HPEX 300 Final Exam Questions and Answers
- Components of Healthcare (Iron Triangle) - Correct
Answers ✅-Access -Quality -Cost Containment U.S. Healthcare GDP (2014) - Correct Answers ✅17.5% (2.6 trillion) Estimated 2024 U.S. Healthcare GDP - Correct Answers ✅20% (4.64 trillion) Factors of Increased Healthcare Spending in U.S. - Correct Answers ✅-When prices increase in an economy overall, the cost of medical care will increase -Life expectancy increasing in the U.S.-Technology & research Payment of Healthcare Services in U.S. Derived from - Correct Answers ✅-OOP payments -Cost-sharing -Health insurance plans -Public/government funding -Health savings accounts (HSAs) 1 / 2
HPEX 300 Final Exam Questions and Answers Coinsurance - Correct Answers ✅Set proportion of medical costs Deductibles - Correct Answers ✅Payments that are required prior to the insurance paying for services rendered in a fee-for-service plan Comprehensive Health Insurance Plans - Correct Answers
✅Provide benefits such as:
-Inpatient/outpatient services -Surgery -Lab testing -Medical equipment purchases -Therapies -Other services such as mental health Major Medical Policies - Correct Answers ✅Reimburse hospital services such as surgeries and any expenses related to hospitalization
Types of Managed Care Plans - Correct Answers ✅-HMOs:
health maintenance orgs
-PPOs: preferred provider orgs
-POS: point of service
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