HLTH 4530 Nursing Economics essay

The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.Two influences that increase the quantity of healthcare demanded include:A. Income and insuranceB. Hospital revenue and transparencyC. Market power and market failureD. All of the aboveE. None of the above Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.The national health expenditure is expected to grow annually on average until 2026 by:A. 3.0%–4.0%B. 4.0%–5.0%C. 5.0%– 6.0%D. 6.0%–7.0%E. Cannot be predicted When collecting the Total Cost of Care Index the one area of healthcare that has the least variation is:A. Physician participation in health plansB. Cost of servicesC. Resource use or utilizationD. Pharmacy pricesE. None of these Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.The increase in prices for medical goods and services is attributed in large part to which of the following?A. Pharmaceutical costsB. Increases in healthcare worker’s wagesC. Increased use of servicesD. All of the aboveE. None of the above Note: The following questions come from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.A good example of an input is a:A. Nurse giving care to a patient who is hospitalizedB. Patient arriving at the emergency room needing careC. Hospital building a new surgical centerD. All of the aboveE. None of the above Note: The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.One effective way to resolve a nursing shortage is:A. Replace all RNs with nurse assistants.B. Increase nursing education and training costs.C. Increase nurses’ wages.D. All of the aboveE. None of the above Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.National health spending and enrollment over the next decade is expected to be driven primarily by which of the following?A. Trends in disposable personal incomeB. Shifts in enrollment from private health insurance to MedicareC. Increases in prices for medical goods and servicesD. All of the aboveE. None of the above Note: The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.One reason healthcare markets are not competitive is:A. There are often no suitable substitutes.B. No one can enter or leave a healthcare market.C. The prices for medical care are too high.D. All of the aboveE. None of the above The Total Cost of Care Index benefits which of the following categories?A. Healthcare providers and employersB. Policymakers and health plansC. ConsumersD. All of theseE. None of these Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.Spending for Medicare is projected to grow the least among the three major payors: private health insurance Medicare and Medicaid.TRUE FALSE Note: The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.Two influences that increase the quantity of healthcare demanded include:A. Income and insuranceB. Hospital revenue and transparencyC. Market power and market failureD. All of the aboveE. None of the above Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.The national health expenditure is expected to grow annually on average until 2026 by:A. 3.0%–4.0%B. 4.0%–5.0%C. 5.0%– 6.0%D. 6.0%–7.0%E. Cannot be predicted When collecting the Total Cost of Care Index the one area of healthcare that has the least variation is:A. Physician participation in health plansB. Cost of servicesC. Resource use or utilizationD. Pharmacy pricesE. None of these Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.The increase in prices for medical goods and services is attributed in large part to which of the following?A. Pharmaceutical costsB. Increases in healthcare worker’s wagesC. Increased use of servicesD. All of the aboveE. None of the above Note: The following questions come from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.A good example of an input is a:A. Nurse giving care to a patient who is hospitalizedB. Patient arriving at the emergency room needing careC. Hospital building a new surgical centerD. All of the aboveE. None of the above Note: The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.One effective way to resolve a nursing shortage is:A. Replace all RNs with nurse assistants.B. Increase nursing education and training costs.C. Increase nurses’ wages.D. All of the aboveE. None of the above Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.National health spending and enrollment over the next decade is expected to be driven primarily by which of the following?A. Trends in disposable personal incomeB. Shifts in enrollment from private health insurance to MedicareC. Increases in prices for medical goods and servicesD. All of the aboveE. None of the above Note: The following question comes from Chapter 1 of the course textbook Economics and Financial Management for Nurses and Nurse Leaders (3rd ed. 2017) by S. J. Penner and are edited for formatting.One reason healthcare markets are not competitive is:A. There are often no suitable substitutes.B. No one can enter or leave a healthcare market.C. The prices for medical care are too high.D. All of the aboveE. None of the above The Total Cost of Care Index benefits which of the following categories?A. Healthcare providers and employersB. Policymakers and health plansC. ConsumersD. All of theseE. None of these Note: The following question is based on National Health Expenditure Projections 2017–2026: Despite Uncertainty Fundamentals Primarily Drive Spending Growth (Cuckler et al. 2018) which can be found in the course Learning Resources.Spending for Medicare is projected to grow the least among the three major payors: private health insurance Medicare and Medicaid.TRUE FALSE ‘

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