Overview of Healthcare Financing: A Comprehensive Guide for Healthcare Management

Question 1

Which of the following is NOT a type of private health insurance?

Accepted Answer

Medicare

Answer

Commercial insurance

Answer

Employer-sponsored insurance

Answer

Managed care

Question 2

What is the primary difference between Medicare Part A and Part B?

Accepted Answer

Part A covers hospital expenses, while Part B covers medical expenses.

Answer

Part A covers medical expenses, while Part B covers prescription drugs.

Answer

Part A is only available to individuals over 65, while Part B is available to all individuals.

Answer

Part B covers hospital expenses, while Part A covers medical expenses.

Question 3

What is the term used to describe a situation where healthcare costs rise faster than the overall rate of inflation?

Accepted Answer

Medical cost inflation

Answer

Health insurance inflation

Answer

Out-of-pocket inflation

Answer

Premium inflation

Question 4

What is the main funding source for Medicare?

Accepted Answer

Payroll taxes

Answer

Income taxes

Answer

Property taxes

Answer

Sales taxes

Question 5

What is NOT a primary source of healthcare financing in the United States?

Accepted Answer

Charitable donations

Answer

Private insurance

Answer

Public programs

Answer

Out-of-pocket payments

Question 6

Which public healthcare program in the United States serves the largest number of people?

Accepted Answer

Medicaid

Answer

Medicare

Answer

Social Security

Answer

Veterans Affairs Health Care

Question 7

What is a distinguishing characteristic of private health insurance in the United States?

Accepted Answer

It is typically obtained through an employer.

Answer

It is heavily regulated by the federal government.

Answer

It provides comprehensive health coverage for all Americans.

Answer

It covers all healthcare expenses without any out-of-pocket costs.

Question 8

Which agency plays a primary role in regulating healthcare financing in the United States?

Accepted Answer

Centers for Medicare & Medicaid Services

Answer

Internal Revenue Service

Answer

Federal Trade Commission

Answer

Food and Drug Administration

Question 9

Which of the following is NOT a primary source of healthcare financing?

Accepted Answer

Personal savings

Answer

Private health insurance

Answer

Public health insurance

Answer

Employer-sponsored insurance

Question 10

Which of the following is the largest source of healthcare financing in the United States?

Accepted Answer

Private health insurance

Answer

Medicare

Answer

Medicaid

Answer

Out-of-pocket payments

Question 11

Which of the following is a public health insurance program for low-income Americans?

Accepted Answer

Medicaid

Answer

Medicare

Answer

Tricare

Answer

VA Healthcare

Question 12

Which public program provides health insurance to low-income families and individuals?

Accepted Answer

Medicaid

Answer

Medicare

Answer

CHIP

Answer

TRICARE

Question 13

What is the term for the amount a policyholder must pay before their insurance coverage begins?

Accepted Answer

Deductible

Answer

Copayment

Answer

Coinsurance

Answer

Premium

Question 14

What is the Affordable Care Act, also commonly known as?

Accepted Answer

Obamacare

Answer

MACRA

Answer

Medicare Part D

Answer

CHIP

Question 15

Under the Affordable Care Act, what is the penalty imposed on individuals who do not maintain health insurance coverage?

Accepted Answer

Individual mandate

Answer

Employer mandate

Answer

Medicare surcharge

Answer

Health insurance premium

Question 16

What is the largest public program that provides healthcare coverage to low-income Americans?

Accepted Answer

Medicaid

Answer

Medicare

Answer

CHIP

Answer

Social Security

Question 17

In healthcare financing reform, what is the primary challenge?

Accepted Answer

Balancing cost containment with quality care access

Answer

Expanding health insurance coverage to all citizens

Answer

Advancing healthcare technologies

Question 18

Which of the following is NOT a primary source of healthcare financing in the United States?

Accepted Answer

Personal savings

Answer

Public programs

Answer

Private insurance

Answer

Out-of-pocket payments

Question 19

Which type of private health insurance typically covers employees and their dependents through their employer?

Accepted Answer

Employer-sponsored insurance

Answer

Medicare Advantage

Answer

Supplemental insurance

Answer

Individual health insurance

Question 20

What is the primary method of financing healthcare for Americans who lack health insurance?

Accepted Answer

Out-of-pocket payments

Answer

Crowdfunding

Answer

Charity care

Answer

Government assistance

Question 21

What is the primary goal of the Affordable Care Act (ACA)?

Accepted Answer

To expand health insurance coverage and make healthcare more affordable.

Answer

To reduce the national debt

Answer

To regulate the pharmaceutical industry

Question 22

Which cost-sharing arrangement requires patients to pay a set amount before their insurance coverage begins to apply?

Accepted Answer

Deductible

Answer

Copayment

Answer

Out-of-pocket maximum

Answer

Coinsurance

Question 23

What is the primary responsibility of the Centers for Medicare & Medicaid Services (CMS) in the context of healthcare financing?

Accepted Answer

Administering the Medicare and Medicaid programs

Answer

Providing healthcare to veterans

Answer

Negotiating drug prices

Answer

Regulating private health insurance plans