dlyChapter 1 Choices: Money, Medicine, and Health
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1) Over the past 100 years, out of pocket expenditures for health care services by individuals have decreased from about 50% to less than 10%.
3) Ranking everyone by the amount spent on medical care, 70 percent of the total (all expenditures for all people) is accounted for by the top 10 percent of patients. This phenomenon is called cost shifting.
5) The Flow of Funds idea emphasizes that total dollars spent by individuals, government and other third party payers for health care must equal total income earned by health care providers, administrators and other health care workers.
7) Socioeconomic differences in mortality found in the U.S. are most likely attributable to lack of universal health insurance coverage.
9) A hospital system is rewarded with higher profits in the short term when it implements electronic health records which increase the timeliness of physician and patient communication.
11) In which of the following examples does the fundamental theorem of exchange not apply?
a) You pay your optometrist $500 for a new pair of eyeglasses.
b) You donate your old, used eyeglasses to the Lions Club, a charitable organization which recycles and distributes the glasses to needy people.
c) You pay a fertility specialist $10,000 to perform In Vitro Fertilization procedure which does not result in pregnancy.
d) You pay a fertility specialist $10,000 to perform In Vitro Fertilization procedure which results in pregnancy.
e) Unknown to you, your neighbor is tapping into your cable TV service and sharing your service.