Chapter 11; Health Insurance and Healthcare Systems Flashcards
(86 cards)
In the United States, there is no comprehensive right to health care
yes
in the US, the ability to access most health care is dependent on having health insurance.
yes
the United States spends approximately $4 [..] per year on health care. that represents nearly 20% of the gross domestic product (GDP), or well over $10,000 per person per year. dollars spent have been growing [faster or slower] than inflation for over 50 years.
trillion
growing
excessive healthcare costs take money from other activities, which makes it more [..] for the US to compete globally or have multiple resources to spend
difficult
side note; other developed countries, such as Canada, the United Kingdom, France, Germany, Japan, and Australia, generally spend less than half as much per person - that is, 10% or less of their GDP - on health care
much of the money spent on healthcare, whether by individuals, businesses, or government, pays for [..] coverage. the majority of the remaining funds are spent to fill in the holes in insurance coverage through [..] payments by patients called out of pocket expenses.
insurance
direct
basic types of insurance availability in the US;
government financed insurance
employment based insurance
health insurance exchanges
important insurance terms, Cap;
a [..] on the total amount that the insurance will pay for a service per year, per benefit period, or per lifetime.
limit
important insurance terms, Copayment;
a dollar amount that the insured is responsible for paying even when the service is [..] by the insurance
covered
important insurance terms, coinsurance;
in contrast to copayment, the [..] of the charges that the insured is responsible for paying
percentage
important insurance terms, covered service;
a service for which health insurance will provide payment or coverage if the individual is [..] - in other words, any [..] has already been paid
eligible
deductible
important insurance terms, customary, prevailing, and reasonable;
these standards were used in the past by many insurance plans to determine the [..] that would be paid to the [..] of services. under many employer based plans, the provider may bill patients above and beyond this amount. this is known as balance billing
amount
provider
important insurance terms, deductible;
the amount that an individual or family is responsible for paying [..] being eligible for health insurance coverage
before
important insurance terms, eligible;
an individual may need to meet certain criteria to be able to enroll in a health insurance plan. these may include an [..] level for Medicaid, [..] and [..] in the social security system for medicare, or specific employment requirements for employer based insurance
income, age, enrollment
important insurance terms, entitlement program;
a general term indicating that the insurance or other governmental program is available to all those who are eligible without the need for yearly [..] authorizations
budget
important insurance terms, medical loss ratio;
the [..] of benefit payments paid to premiums collected - indicating the proportion of the premiums [..] - indicating the proportion of the premiums [..] on health services. [greater or lower] medical loss ratios imply that a larger amount of the premium is retained by the insurance company for administrative costs, marketing, and/or profit
ratio
collected, spent
lower
important insurance terms, out of pocket expenses;
the cost of health care that is [..] covered by insurance and is the responsibility of the insured. these costs may be due to deductibles, copayments/ coinsurance, and/or balance billing
not
important insurance terms, portability;
the ability to continue employer based health insurance after [..] a job - usually by paying the [..] cost of the insurance. a federal law known as the Consolidated Omnibus Budget Reconciliation Act (COBRA), generally ensures employees 18 months of portability but requires the employee to pay the entire cost of the covered insurance
leaving , full
important insurance terms, premium; the price paid by the purchaser for the insurance policy on a [..] or [..] basis
monthly
yearly
the two largest government programs of insurance are [..] and [..]. both programs began in the mid -1960s, but they have very different funding sources, coverage, and populations served
medicare
medicaid
medicare began as a program for persons [..] and older. it was expanded to include [..] persons eligible of social security disability benefits and those with end stage renal disease.
65
disabled
when medicare began, it was designed primarily to cover [..] services and [..] services . it did not cover drugs, most preventive services, or nursing home care. drugs are now covered by part [..] of medicare. covered preventive services have [..] in recent years. skilled nursing or rehabilitative care, but not nursing home (i.e. custodial) care, is covered by Medicare. dentistry and eyeglasses, among the most important medical needs of the elderly, are not generally covered by medicare
hospital
doctors’
expanded
medicare is a [..] government program, which means that eligibility and benefits are consistent throughout the United States. Medicare is primarily funded by a payroll [..] of 1.45% from employees and 1.45% from employers. there is no [..] limit on this tax. self employed individuals pay the employer as well as the employee share
federal
tax
income
medicare is a complicated entitlement program because there are four different parts: A, B, C, and D.
Part A of medicare;
covers hospital care, skilled nursing care, and home health care after a hospitalization, as well as hospice care. it is paid for primarily by the payroll [..], and no premium is required. a small annual [..] is required before receiving payments
tax, deductible