Which of the following is the largest source of financing for nursing home care?
Private long-term care insurance
Medicaid
Medicare
Private out-of-pocket payments
The Correct Answer is B
Rationale:
A. Private long-term care insurance: While private long-term care insurance can help cover the costs of nursing home care for individuals who have purchased policies, it is not the largest source of financing for nursing home care.
B. Medicaid: Medicaid is the largest source of financing for nursing home care in the United States. It provides coverage for low-income individuals who meet eligibility criteria, including coverage for long-term care services such as nursing home care.
C. Medicare: While Medicare provides limited coverage for skilled nursing facility care following a hospital stay, it is not the largest source of financing for nursing home care overall.
D. Private out-of-pocket payments: Private out-of-pocket payments, including payments made by individuals or their families, contribute to financing nursing home care but are typically not as significant as Medicaid.
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Related Questions
Correct Answer is A
Explanation
Rationale:
A. Care in a nursing home: Long-term care encompasses a range of services provided to
individuals who require assistance with activities of daily living over an extended period, often in settings such as nursing homes or assisted living facilities.
B. Care in ambulatory clinics: Ambulatory clinics provide outpatient services and are not typically associated with long-term care, which involves ongoing assistance with activities of daily living.
C. Care provided by nurses: While nurses may be involved in delivering long-term care services, long-term care encompasses a broader range of services beyond nursing care alone.
D. Care in a hospital setting: Hospitals provide acute care services for short-term medical needs and are not typically associated with long-term care, which involves ongoing assistance with activities of daily living over an extended period.
Correct Answer is B
Explanation
Rationale:
A. The United Kingdom: The United Kingdom has a publicly funded healthcare system
(National Health Service), which typically has lower healthcare costs compared to the United States.
B. The United States: The United States consistently has the highest healthcare costs per capita among developed countries due to factors such as high administrative costs, pharmaceutical prices, and utilization rates.
C. Canada: Canada has a publicly funded healthcare system (Medicare), which generally has lower healthcare costs compared to the United States.
D. Jamaica: Jamaica's healthcare system is characterized by resource constraints, and healthcare costs are typically lower compared to those in the United States.
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