GBR

2004, Volume 07, Issue 3

Health Coverage Quiz

Graziadio Business Report, 2004, Volume 7, Number 3

Health Coverage Quiz

Paying for health care has become one of the most frustrating and difficult problems in America, both for government and for business. And America is not alone in this regard. Health care costs have defied a variety of attempts to contain them. See how well you understand some of the issues by taking the health coverage quiz below.

 

 

Taking the quiz is completely anonymous. GBR does not record or tabulate results in any form. You are the only one who will know how well you do. However, you will only be able to view results for those questions that you actually answer.

1. The average cost (including both the employer’s and the employee’s share of the premium) to insure an employee and three family members in 2003 to 2004 in the U.S. was:
A)  $11,445
B)  $9,950
C)  $7,250
D)  $5,600

2. According to labor economists, health insurance provided by an employer should be considered a part of an employee’s wages.
A)  True
B)  False

3. In designing a national health care system, which of the following combination of attributes is the most difficult to achieve simultaneously?
A)  High quality health care and cost control
B) 

Universal access to health care and cost control

C) 

Universal access to health care and high quality health care

D) 

A plan that incorporates any two of the three is fairly easy to design. It is just hard to include all three.

4. Which of the following is generally considered to have contributed significantly to the rise in health care costs?
A) 

New medical technologies

B) 

An aging population

C) 

An increase in the use of prescription drugs

D) 

All of the above have contributed to increased costs of health care.

5. Health care in the United States is currently rationed.
A)  True
B)  False

6. The United States provides health care insurance (either private or public) for a larger percentage of its population than does any other industrialized nation.
A)  True
B)  False

7. In 2002, what percentage of the U.S. population accounted for approximately 50 percent of all health care expenditures in the country?
A) 

5%

B) 

15%

C) 

25%

D) 

35%

   

8. Of the following demographic groups, which one is least apt to have health insurance in the U.S.?
A) 

Women over the age of 65

B) 

Children under the age of 18

C) 

Males between the ages of 18 and 24

D) 

Men and women between the ages of 50 and 65

9. Which of the following types of strategies have employers tried in the past in an attempt to keep down their health care expenses?
A) 

Managed care

B) 

Wellness programs

C) 

Increased cost sharing by employees

D) 

All of the above

10. Proponents of consumer driven health plans claim that they will help keep down health care costs because:
A) 

It will be harder to get appointments with doctors, so people will use less health care.

B) 

People will be more conscious of value and cost when they feel that they are spending their own money.

C) 

Doctors and hospitals will charge less to people who have CDHPs.

D) 

All of the above.

11. Consumer driven health plans emphasize:
A) 

Very low deductibles and low co-pays to encourage people to seek preventive care and therefore not to become sick.

B) 

The idea of a "gatekeeper" physician who must seek authorization for all treatments and visits to specialists.

C) 

A very high deductible insurance policy combined with a health care spending account controlled by the individual patient.

D) 

None of the above.

12. Which of the following is NOT true of Health Savings Accounts?
A) 

One must also have a high deductible health insurance policy.

B) 

The money must be invested in specified types of investments rather than in any investment one chooses.

C) 

Money that is not spent on health care within the year reverts back to the employer.

D) 

One pays the full price for all medical services and products until the deductible is met rather than paying a fixed co-pay when seeking medical services.

  


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The opinions expressed are solely those of the authors and do not necessarily reflect the views of the Graziadio School of Business and Management nor Pepperdine University.