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Healthcare Financing and Insurance Models Quiz

#1

Which of the following is NOT a type of healthcare financing model?

Medicare-for-All
Explanation

Universal healthcare system proposal.

#2

What does the term 'co-payment' refer to in healthcare insurance?

The amount paid by the insured for each healthcare service or medication
Explanation

Out-of-pocket payment by the insured.

#3

What is the primary source of funding for Medicaid in the United States?

State and federal government funds
Explanation

Government-sponsored healthcare assistance.

#4

In the context of healthcare financing, what does 'cost-sharing' refer to?

The division of healthcare costs between patients and insurers
Explanation

Shared financial responsibility.

#5

What is a health insurance premium?

The monthly or annual fee paid to an insurance company to maintain coverage
Explanation

Insurance coverage maintenance fee.

#6

Which of the following is a characteristic of a single-payer healthcare system?

There is a single government-run insurance program that covers all citizens.
Explanation

Centralized healthcare coverage.

#7

What is adverse selection in the context of health insurance?

Individuals with higher health risks being more likely to purchase insurance.
Explanation

Risk imbalance in insurance pools.

#8

What is the main purpose of the Affordable Care Act (ACA) in the United States?

To expand access to healthcare coverage
Explanation

Enhancing healthcare accessibility.

#9

What is a Health Savings Account (HSA) commonly used for in healthcare financing?

To cover out-of-pocket medical expenses
Explanation

Tax-advantaged healthcare savings.

#10

What is the main difference between Medicare and Medicaid in the United States?

Medicare is for individuals aged 65 and older, while Medicaid is for low-income individuals and families
Explanation

Different eligibility criteria based on age and income.

#11

Which of the following is a characteristic of a Health Maintenance Organization (HMO)?

Patients must select a primary care physician.
Explanation

Gatekeeping primary care requirement.

#12

Which of the following countries has a predominantly private healthcare insurance system?

Switzerland
Explanation

Market-based healthcare provision.

#13

In a social health insurance model, who typically provides healthcare services?

Government-owned healthcare facilities
Explanation

State-run healthcare service providers.

#14

Which of the following is an example of a social health insurance system?

National Health Service in the United Kingdom
Explanation

State-funded healthcare provision.

#15

Which of the following healthcare financing models places the responsibility of healthcare cost management on patients?

Consumer-driven healthcare
Explanation

Patient-centered cost management approach.

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