Answered: The Iron Law means that, without… | bartleby

Related questions

Question

The Iron Law means that, without exceptions, medical income may exceed medical spending by no more than 15%.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Blurred answer

Similar questions

A new patient, Stanislaw Wisnewski, sought an intial consultation at your practice for laparoscopic cholecystectomy. He does not have insurance and needs to arrange a payment plan to pay the surgeon's fees, which total $840. The medical billing specialist worked with Stan to ensure that he would be able to pay; your office does not charge interest or finance charges for payment plans. Stan stated that he needed a payment plan/payments that would be less than $60 per month but that he wanted to pay at least $50 per month. 1. Devise a payment plan for Stan.
There is a finite amount of money that is available to spend on healthcare (and drugs). It is important to make rational choices considering the consequences of actions and the limited resource that is available. Try these questions:1. You are working as a practice pharmacist and have been asked to help the practice reduce expenditure on medicines. As a result, you are reviewing the use of tolterodine 4 mg m/r tablets, as these costs more than tolterodine 2 mg tablets at an equivalent dose. Current costs are shown below: Tolterodine 4 mg m/r tablets £25.78 per 28 tablets Tolterodine 2 mg tablets £2.88 per 56 tablets You have reviewed nine patients who are prescribed tolterodine 4 mg m/r tablets daily on repeat prescription and have identified that seven of them could potentially switch to using the tolterodine 2 mg tablets at a dose of one tablet twice a day. The practice has a repeat prescribing policy of 56 days treatment on a prescription.What is the total saving for the practice…
Many hospitals have recently complained of nursing shortages, where they cannot hire asmany nurses as they would like at the current salary. Which of these might be a cause orconsequence of the nursing shortage? Do not worry about the underlying facts; only whetherthe explanations make economic sense given our model. (Select all that apply from below) (a) The number of patients has increased, raising demand for nurses.(b) The number of patients has decreased, lowering demand for nurses.(c) Doctor’s salaries have risen, and nurses are a complement to doctors.(d) Doctor’s salaries have risen, and nurses are a substitute to doctors.(e) Nursing has flipped from an inferior good to a luxury good.(f) More people want to work as a nurse, raising the supply of nurses.(g) Fewer people want to work as as nurse, lowering the supply of nurses.(h) In a competitive equilibrium, the salary of nurses will rise.(i) In a competitive equilibrium, the salary of nurses will fall.(j) The nursing market…
When Medicare does not pay primary medical expenses, Medicare is then considered to be the: (A MSP B MSN АРС D) DRG
BCBS providers can cancel health insurance coverage if: A Rates of coverage are increased Premiums are not paid C) Enrollees health deteriorates All of the above
In a typical hospital, the _________ typically generates between _________ of the revenue for the organization while accounting for 30 to 40% of the total expenses; a significant amount of the costs are related to the use of supplies. Perioperative department, 50-60% Emergency room, 30-40% Intensive care unit, 60-70% Radiology department, 20-30%
There are three sources of hazards that may give rise to the risks. Complete the table below by listing down five (5) examples of each hazards.
Which of the following covers short-term absences because of sickness? Life insurance Short-term disability insurance Health insurance Long-term disability insurance
Maya is analyzing her personal life insurance needs. Which of the following life exposures should concern her? Her children dying before graduating from college Her wealthy brother dying without adequate estate liquidity Paying off her outstanding mortgage Income for her spouse, who has been a stay-at-home dad for the last 15 years A) I, II, III, and IV B) I, II, and III C) III and IV D) I, III, and IV
True or False: The units for relative oxygen consumption are LO2/min Group of answer choices True False
Who is responsible for the payment for a workers’ compensation case?
Describe the projected financial impact the Affordable Care Act (ACA) will have on Medicare spending. Identify the projected financial impact(s) on how the ACA will affect Medicare spending. Be specific on how those impact(s) are projected to change health care and its delivery.

SEE MORE QUESTIONS