Mha 710 Exam 3 Lsus Qs & As

On average, biopharmaceutical companies spend approximately what percentage of their sales revenue on research and development? {Ans: 5-10 percent}For Part A coverage of Medicare, the patient pays a deductible approximately equal to the cost of the first day in the hospital; Medicare pays {Ans: for days 2-60}Public good {Ans: A good that is nonrival in distribution and nonexclusive in consumption.}The observed variations in practice patterns in different regions of the country are difficult to eliminate {Ans: a. because of the many alternative treatment options available for most ailments. b. due to the localized nature of most medical practice. c. because it is difficult to change the preferences of physicians and patients. d. the observed variations are so minor that they are of little concern to policy makers. e. a, b, and c are true.}How do individuals enroll in Part A of Medicare? {Ans: Individuals are automatically enrolled on their 65th birthday as long as they or their spouse has paid into the Social Security system for 10 years.}Surgical specialists earn more than general/family practice physicians. Which of the following statements is not true regarding this income differential? {Ans: Surgeons will always earn more than