Indicate whether the statement is true or false, and justify your answer.In the US Medicare program, by statute, the government is not permitted to take cost-effectiveness criteria into account when deciding whether to cover new medical technologies.
Indicate whether the statement is true or false, and justify your answer.In the US Medicare program, by statute, the government is not permitted to take cost-effectiveness criteria into account when deciding whether to cover new medical technologies.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Indicate whether the statement is true or false, and justify your answer.
In the US Medicare program, by statute, the government is not permitted to take cost-effectiveness criteria into account when deciding whether to cover new medical technologies.
Expert Solution
Step 1
The given statement is true.
It is the responsibility of the government to provide good and effective medical facilities to its citizen. Medicare programs are run by the government to provide medical facilities at low cost or no cost.
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