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4.) Managed care and managed competition are the same concept? True or false?     a. True   b False   5.) It is illegal for managed care organization to introduce competition among providers? True or false?   a. True   b False    Not ;. Solution only 4 and 5 Q question

4.) Managed care and managed competition are the same concept? True or false?     a. True   b False   5.) It is illegal for managed care organization to introduce competition among providers? True or false?   a. True   b False    Not ;. Solution only 4 and 5 Q question

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1. Does the demand for healthcare services vary in size with the affordable costs?

2.) Two sources of inefficiency that managed care attempts to address are moral hazard and demand inducement. True or false?

 

  a. True
  b. False

 

3.)

Both moral hazard and demand inducement place us on a _____ medical system.

 

 

a. flat-of-the-curve

 

 

 

b. point of intersection

 

 

 

c. tangent

 

 

 

d. radius

 

 

4.)

Managed care and managed competition are the same concept? True or false?

 

  a. True
  b False

 

5.)

It is illegal for managed care organization to introduce competition among providers? True or false?

  a. True
 

b False 

 

Not ;. Solution only 4 and 5 Q question

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