Ch 7 - Healthcare (MBA)

Healthcare insurance =

• grants from the government to pay for healthcare

• a payout from the insurance company that will definitely cover all healthcare costs

• a payout from the insurance company that may cover some or all healthcare costs

• subsidies from the hospital to pay for healthcare

Affordable healthcare =

• citizens do not have to worry about having the means to pay for healthcare

• citizens receive free healthcare

• cheap healthcare

• low quality healthcare

Characteristics of the market-based approach

• No government regulation

• Low government regulation

• Citizens expected to cope with healthcare costs on their own

• Hospitals and insurance companies are profit-driven

The profit-driven market makes healthcare...

• more affordable

• less affordable

• less accessible

• of a higher quality

Employed citizens in America often obtain health insurance as part of their employment package

• True

• False

Which group of people might find it a challenge to afford healthcare in the U.S.?

• the unemployed

• low-income groups

• low-skilled workers

• people with recurring sickness

What is the name of the government policy that offers insurance for the elderly above 65

(a)  

What is the name of the government policy that offers insurance for families with limited income

(a)  

What is the name of the government policy that offers financial assistance for low-income families

(a)  

Why is it more difficult for Americans with sickness/health conditions to get healthcare insurance?

• because they are discriminated against in the U.S.

• because they would incur more costs for insurance companies

• because insurance companies are profit-driven

• because they are not allowed to receive insurance