Chapter 9 (Instructor: Cross) | AHRM 2404 - Consumer Rights, Quizzes of Production and Operations Management

Download Chapter 9 (Instructor: Cross) | AHRM 2404 - Consumer Rights and more Quizzes Production and Operations Management in PDF only on Docsity! TERM 1 Malpractice insurance DEFINITION 1 -insurance doctors carry in case they are sued -there is pressure on doctors to cap damper rewards - it is very expensive insurance TERM 2 20% to 30% of Health Care Spending is Waste: why? DEFINITION 2 5 causes for waste: Over treatment of patients The failure to coordinate care The administrative complexity of the health care system Burdensome rules Fraud TERM 3 Medicare DEFINITION 3 - Federal health insurance program for Americans 65+ and some with disabilities TERM 4 Ways to Reduce Healthcare Cost? DEFINITION 4 - Use of employer care coverage - use generic drugs - use physicians who participate in your health care plan -Ask how much services cost - Ask questions - Use reviews of doctors online TERM 5 Who has the "Best in the World Health Care"? DEFINITION 5 -Health care of France TERM 6 Top 2 Caues of Death (in US) DEFINITION 6 -Heart Disease -Cancer TERM 7 U.S. Healthcare System DEFINITION 7 -Run by insurance companies -Avoids insuring people with major problems -Focuses on minimizing cost -Cost shifting for uninsured TERM 8 What percent of Americans are Uninsured? DEFINITION 8 -15% (945 million) of Americans are without health insurance -The uninsured pay more for health care TERM 9 Why is buying Health Care difficult? DEFINITION 9 -Many providers of similar services -Prices are not standardized and difficult to obtain -Hard to determine reliability -Redress mechanisms are inefficient TERM 10 What is the Patient Protection and the Affordable Care Act? DEFINITION 10 - Enacted in 2010 -Provides for the purchased introduction over four years of a comprehensive system of mandated health insurance with reforms