Paying for Healthcare: Visual Comprehension Flashcard

Front

Which object in the image is commonly associated with saving money?

Back

Piggy bank

Front

Objective related to understanding healthcare funding?

Back

To identify how healthcare is funded.

Front

In 2016, approximately how much money was spent on healthcare in the United States?

Back

Three trillion dollars

Front

Trend in annual healthcare spending in the United States?

Back

It has steadily increased over the years.

Front

A patient pays for a medical procedure directly from their own funds, without insurance or government help. Which source of healthcare funding does this represent?

Back

Consumer out-of-pocket payments

Front

What is one guideline that public hospitals must follow in exchange for government funding?

Back

They cannot refuse care to anyone, regardless of ability to pay

Front

Why do many healthcare organizations have philanthropic foundations?

Back

To maximize the benefits of charitable contributions

Front

Which group typically pays more in out-of-pocket healthcare payments?

Back

Uninsured patients

Front

If a patient with insurance and a patient without insurance both receive the same healthcare service, what is true about their out-of-pocket payments?

Back

Both must make direct payments, but the uninsured patient pays more

Front

How does reimbursement health insurance generally operate?

Back

Individuals pay insurers for coverage of specific health risks, and insurers reimburse health providers for services rendered to insured individuals.