Deck 2: Basic Clinical Health Care Economics

Question 1

To which of the following does the term P3 refer?

A) public-private partnerships
B) for-profit services
C) out-of-pocket payments
D) private insurance

Answer 1

public-private partnerships

Question 2

What is the term for the price that a consumer is willing to pay for a service or product?

A) cost price
B) buyer price
C) payer price
D) price elasticity

Answer 2

price elasticity

Question 3

What is the term for the way provinces and territories pay their health care providers?

A) physician remuneration
B) fee-for-service
C) the delivery function
D) the funding function

Answer 3

the funding function

Question 4

Which of the following factors is NOT expected to contribute to the growing cost of health care?

A) increasing rates of debilitating diseases associated with aging
B) increased use of expensive technology
C) emergence of new infectious diseases
D) expanded roles for nurses

Question 5

Through what mechanism do most regions receive funding from their provincial government?

A) a needs-based funding formula
B) a program budgeting and marginal analysis (PBMA)
C) a global budget
D) program budgets

Question 6

Which of these member countries of the Organization for Economic Cooperation and Development (OECD)is ranked number two in terms of overall performance while being relatively low in cost?

A) Canada
B) United Kingdom
C) Japan
D) France

Question 7

Which of the following statements best describes a comparison of the health care systems in Canada and the United States (U.S.)40 years ago?

A) The U.S.relied on government programs;Canada relied on private insurance.
B) Canada had universal health care;the U.S.relied on charity.
C) No significant difference existed between the two systems.
D) Canada and the U.S.both had publicly financed health insurance.

Question 8

Which of these statements best describes the outcome of health reform strategies such as the restructuring,outsourcing,right sizing,and merging of the past 20 years?

A) Costs are no longer a major concern.
B) Many costs have been reduced.
C) Costs have been contained.
D) The overall cost of health care continues to grow.

Question 9

What is the term for unselfish concern for the welfare of others?

A) ethics
B) altruism
C) egoism
D) paternalism

Question 10

What is meant by the function of "financing" in relation to the health care system?

A) private insurance coverage
B) sales taxes
C) how health care is paid for
D) equalization payments

Question 11

What is the main strategy associated with discussions about reform in health care delivery?

A) increasing the reliance on private insurance
B) changing the taxed-based funding arrangement
C) privatizing
D) implementing user fees

Question 12

What percent of Canada's Gross Domestic Product (GDP)was spent on health care in 2010?

A) 2 percent
B) 5 percent
C) 12 percent
D) 25 percent

Question 13

Which of the following is a major federal government report commissioned to examine the quality,cost,and future of health care in Canada?

A) the Fyke Report
B) the Mazankowski Report
C) the Clair Report
D) the Romanow Report

Question 14

Which of these terms do citizen involvement,accreditation and credentialing,and complaints procedures exemplify?

A) performance indicators
B) stakeholder involvement
C) accountability processes
D) managerial functions

Question 15

Which strategy is included in financial reform for health care in Canada?

A) de-insuring certain services
B) introducing co-payments
C) charging some user fees
D) extending the use of fee-for-service to other providers

Question 16

The purpose of analyzing records of what transpires in hospitals is to practice financial stewardship and determine whether it is,in fact,doing good or producing "mischievous outcomes." Which of these authors made this comment?

A) Laura Nosek
B) Ida Androwich
C) Pat Kelly-Heidenthal
D) Florence Nightingale

Question 17

The study of economics is based on three premises.Which of the following is one of those premises?

A) abundance of resources
B) a single product to produce
C) scarcity of resources
D) consumers' ability to pay

Question 18

Which of these systems has replaced in-house costing in many Canadian hospitals?

A) case-costing
B) resource benchmarking
C) resource intensity weights (RIWs)
D) activity-based costing (ABC)