Question :
11) The number of people receiving Medicare expected to ________ : 1267072
11) The number of people receiving Medicare is expected to ________ by the year 2030.
A) reach 5 million by
B) stabilize
C) decline by 10 percent
D) grow to 80 million
12) The Congressional Budget Office estimates that most of the increase in federal spending on Medicare and Medicaid will be due to
A) the aging population.
B) increases in the cost of providing health care.
C) increases in immigration.
D) declining income levels.
13) In the United States, consumers usually pay ________ than the true cost of medical treatment because of ________.
A) more; adverse selection
B) more; rising insurance premiums
C) less; third-party payers
D) less; rising insurance deductibles
14) Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor’s office,
A) they demand a larger quantity of health care services than they would if they paid a price that better represented the true cost of providing the service.
B) they demand a smaller quantity of health care services than they would if they paid a price that better represented the true cost of providing the service.
C) the doctors supply a smaller quantity of health care services than they would if the consumer paid a price that better represented the true cost of providing the service.
D) the insurance companies provide a larger quantity of health care services than they would if the consumer paid a price that better represented the true cost of providing the service.
15) Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor’s office,
A) employers have more incentive to allow employees time off for doctor visits.
B) doctors have less incentive to control their costs.
C) insurance companies have more incentive to approve medical procedures for their policy holders.
D) consumers have less incentive to visit the doctor’s office on a more frequent basis.
16) All of the following are part of the “individual mandate” provision of the Patient Protection and Affordable Care Act (PPACA) except
A) individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues and do so before the act fully takes effect in the year 2012.
B) by 2018, fines for not having health insurance will be the greater of $895 per person or 2.5 percent of income.
C) beginning in 2014, individuals who do not acquire health insurance will be subject to a fine.
D) with limited exceptions, every resident of the United States will be required to have health insurance that meets certain basic requirements.
17) All of the following are part of the “state health exchanges” provision of the Patient Protection and Affordable Care Act (PPACA) except
A) each state is required to establish an Affordable Insurance Exchange by 2014.
B) small businesses with fewer than 50 employees will be exempt from being required to participate in the program.
C) low-income individuals will be eligible for tax credits to offset the costs of buying health insurance.
D) health insurance policies that meet certain specified requirements will be offered by state-run agencies or by non-profit firms.
18) Under the Small Business Health Options Program (SHOP) provision of the health care plan, a small firm’s employees would be pooled with the employees of other small firms. When an insurance plan covers a large number of people,
A) moral hazard is reduced.
B) adverse selection problems are reduced.
C) asymmetric information issues are eliminated.
D) negative externalities become more pronounced.
19) All of the following are part of the “regulation of health insurance” provision of the Patient Protection and Affordable Care Act (PPACA) except
A) individuals with pre-existing medical conditions will be able to acquire health insurance.
B) all policies must provide coverage for dependant children up to age 26.
C) lifetime dollar maximums on coverage will be prohibited.
D) limits on the size of deductibles and on waiting periods before coverage takes effect will be eliminated.
20) All of the following are part of the “taxes” provision of the Patient Protection and Affordable Care Act (PPACA) except
A) pharmaceutical firms and health insurance firms will pay a new taxes.
B) investors earning more than $200,000 will pay a new tax on their investment income.
C) beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
D) workers earning more than $200,000 will have their share of the Medicare payroll tax increase.
