Question 19Which of the following is true regarding public and private health insurance?1 pointWithin the private insurance market in the US, is uncommon for people to need to buy separate coverage for things like optometry or dental careIf a government decides to act as a public intermediary, it can decide what type of plan to act most like (e.g. HMO, PPO)Countries have either public insurance or private insurance options, but not bothIndividual private insurance companies in the US each offer one type of product (e.g. HMO, PPO)20.Question 20

Which of the following is FALSE regarding insurance or intermediaries? 1 pointIn the US, the most common way people get insurance is through their employer. Insurance companies and government programs are two different types of intermediaries. If you are a healthy person in a risk pool with people of a range of health statuses (i.e. sick and healthy individuals), your premium will likely be higher than your expected spending. Private insurance can only be obtained through an employer.

The United States healthcare system consists of:Group of answer choicesOnly socialized medicinePublic and private insurance coverageGlobal healthcarePrivate insurance coverage only

Question 20Which of the following does NOT accurately describe Medicaid?1 pointMedicaid is a government-run program that covers low-income peopleThough the Federal government oversees some aspects of Medicaid, a different Medicaid program is operated by each stateMedicaid is the only public insurance program in the US with broad coverage for long-term careMost people enrolled in Medicaid have traditional indemnity style insurance coverage21.Question 21Which of the following is regulated by the FDA?1 pointPrescription drugsOver-the-counter drugsMedical devicesBiologic productsAll of the above22.Question 22Which of the following is true of generic drugs?1 pointThey are generally made by the same manufacturer as the branded drugThey are allowed to be close to but not the exact chemical composition as the branded drugOnce they enter the market, the branded drug is no longer soldThey go through a different FDA approval process than the original branded drug23.Question 23You are a drug company finishing your New Drug Application with the US FDA for a newly discovered treatment for Crohn’s disease. You received a 20-year patent in 2012 for your drug, and you are expecting your NDA approval in 2020. Based on this information, how many years will you have with your drug on the market before a generic is able to enter the market as a competitor?1 point25 years 8 years 11 years 12 years 20 years 24.Question 24Which of the following are potential uses of quality data?1 pointMonitoring and improvement of carePublic reporting in order to incentivize future quality improvements and assist patients in provider selectionDesigning better pay-for-performance metricsAll of the above25.Question 25Which of the following is NOT an example of an outcome measure?1 pointPercentage of providers appropriately credentialed Hospital readmission ratesHospital mortality ratesPatient-reported outcomes

hich of the following is NOT an example of public insurance policies?Indian Health ServiceMedicareMilitary Health SystemEmployer sponsored plan

Which of the following statements is NOT correct?In AustraliaA.Private patients are only covered by Medicare when medical services are not covered by private heath insurance.B.Private patients can in some circumstances receive rebate from both Medicare and their Private health insurance company.C.private patients are also covered by Medicare.D.private patients only receive rebate from their own private health insurer.