Podcast
Questions and Answers
How do insurers combat adverse selection in health insurance?
How do insurers combat adverse selection in health insurance?
- Using underwriting practices like health screenings (correct)
- Offering lower premiums to unhealthy individuals
- Providing insurance only to healthy individuals
- Implementing random selection for insurance coverage
What mechanism do some health insurance systems use to ensure a broad and diverse risk pool?
What mechanism do some health insurance systems use to ensure a broad and diverse risk pool?
- Offering coverage only for healthy individuals
- Providing free insurance to high-risk individuals
- Allowing self-selection in insurance coverage
- Mandatory insurance for all citizens (correct)
What challenges do moral hazard and adverse selection present to insurance systems?
What challenges do moral hazard and adverse selection present to insurance systems?
- Public relations and marketing
- Transparency and accountability
- Flexibility and innovation
- Efficiency and sustainability (correct)
Which strategy is NOT commonly employed to address the effects of moral hazard and adverse selection?
Which strategy is NOT commonly employed to address the effects of moral hazard and adverse selection?
Why is it crucial to understand and mitigate the effects of moral hazard and adverse selection in insurance systems?
Why is it crucial to understand and mitigate the effects of moral hazard and adverse selection in insurance systems?
What is the purpose of using underwriting practices like health screenings in insurance?
What is the purpose of using underwriting practices like health screenings in insurance?
How does mandatory insurance for all citizens help with adverse selection?
How does mandatory insurance for all citizens help with adverse selection?
What role do incentives for healthy behaviors play in insurance systems?
What role do incentives for healthy behaviors play in insurance systems?
What is the main purpose of resource mobilization in health financing?
What is the main purpose of resource mobilization in health financing?
What is the primary function of resource allocation in health financing?
What is the primary function of resource allocation in health financing?
What is the definition of health insurance schemes?
What is the definition of health insurance schemes?
What is the main advantage of health insurance?
What is the main advantage of health insurance?
What is the primary goal of health financing?
What is the primary goal of health financing?
What is the main function of resource pooling in health financing?
What is the main function of resource pooling in health financing?
What is the main advantage of risk pooling in health insurance?
What is the main advantage of risk pooling in health insurance?
What is the relationship between health insurance and risk pooling?
What is the relationship between health insurance and risk pooling?
What is the primary focus of allocative efficiency in healthcare?
What is the primary focus of allocative efficiency in healthcare?
What is the key difference between productive efficiency and allocative efficiency?
What is the key difference between productive efficiency and allocative efficiency?
Which of the following is a characteristic of productive efficiency?
Which of the following is a characteristic of productive efficiency?
What is the main goal of cost-effectiveness in healthcare?
What is the main goal of cost-effectiveness in healthcare?
Why is equity an important consideration in healthcare resource allocation?
Why is equity an important consideration in healthcare resource allocation?
What is the difference between outcome-oriented and process-oriented approaches in healthcare?
What is the difference between outcome-oriented and process-oriented approaches in healthcare?
Why are both allocative and productive efficiency necessary in healthcare?
Why are both allocative and productive efficiency necessary in healthcare?
What is the scope of allocative efficiency in healthcare?
What is the scope of allocative efficiency in healthcare?
What is the main difference between Diagnosis Related Groups (DRGs) and Capitation?
What is the main difference between Diagnosis Related Groups (DRGs) and Capitation?
What is a disadvantage specific to the Capitation payment model?
What is a disadvantage specific to the Capitation payment model?
Which payment model may result in administrative burdens due to coding complexity?
Which payment model may result in administrative burdens due to coding complexity?
In which scenario does a healthcare system receive a fixed total budget for all services provided?
In which scenario does a healthcare system receive a fixed total budget for all services provided?
What is a common advantage shared by all three payment models outlined in the text?
What is a common advantage shared by all three payment models outlined in the text?
Which payment model specifically aims to promote strategic planning and service prioritization?
Which payment model specifically aims to promote strategic planning and service prioritization?
What is a primary disadvantage of the Capitation payment model?
What is a primary disadvantage of the Capitation payment model?
Which payment model might incentivize hospitals to avoid costly procedures to stay within the fixed payment rate?
Which payment model might incentivize hospitals to avoid costly procedures to stay within the fixed payment rate?
What is the implied relationship between the immediacy of action needed and the demand curve for medical care?
What is the implied relationship between the immediacy of action needed and the demand curve for medical care?
Why should medical care be perceived as a spectrum of services and goods?
Why should medical care be perceived as a spectrum of services and goods?
How does the price of medical care impact the demand for healthcare services, according to the text?
How does the price of medical care impact the demand for healthcare services, according to the text?
What type of demand is exemplified by individuals getting regular check-ups with a family physician?
What type of demand is exemplified by individuals getting regular check-ups with a family physician?
In the context of healthcare services, what does external demand refer to?
In the context of healthcare services, what does external demand refer to?
Why is reducing the consumption of medical care mentioned as potentially leading to a deterioration in health?
Why is reducing the consumption of medical care mentioned as potentially leading to a deterioration in health?
What is the relationship between the out-of-pocket price of healthcare services and the quantity demanded?
What is the relationship between the out-of-pocket price of healthcare services and the quantity demanded?
Why do vaccinations play a role in reducing healthcare costs for society as a whole?
Why do vaccinations play a role in reducing healthcare costs for society as a whole?
