The proportion of an insurance company’s premium income spent on provision of treatments is called the         formulary.     capitation per member per month.     point of service.     medical loss ratio.     total premium.

Q: What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision…

A: The Certificate of Need (CON) program is a regulatory process used in the healthcare industry to…

Q: Demand falls by 5 percent for every 10 percent increase in price health care services.

A: Price elasticity of demand: Price elasticity of demand is defined as the percentage change in the…

Q: discuss some of the benefits and risks of new Health promoters basing their professional identities…

A: So, here are a few of the advantages:

Q: Define rate-of-return relative to medical school education

A: Economics rely on an approach of the rate of return instead of physician to population ratio to…

Q: Which of the following is NOT considered as a managed care plan? Fee-for-service plans (or indemnity…

A: Managed care plans are the type of health insurance. There are many health care providers that are…

Q: identify the four basic market structures, describe their role within health economics, describe the…

A: Market structure in economics means the organizational characteristics and behavior of a market,…

Q: There is a consensus among health economists that socioeconomic status (SES) has a major impact on…

A: TRUE People with a higher socio economic status reportedly have better health, higher life…

Q: Explain the ways in which trends within Medicare, Medicaid, and third-party payers affect working…

A: Medicare's transition to value-based care is the biggest change in healthcare reimbursement…

Q: What is the Market economic Structure of health care and how does market structure impact business…

A: Market structure:- Market structure can be explained as how diverse businesses are split and defined…

Q: compare and contrast allocative and regulartory policies in health care

A: Without timely and justifiable health policies supported by high-quality evidence, it is impossible…

Q: Suppose a household's income rose from 45k to 60k while their spending on health increased from 2k…

A: Income refers to the monetary or financial earnings received by individuals, households, businesses,…

Q: Traditional Medicare provides uniform benefits to all recipients in all 50 states.

A: The statement is referring to the structure of the Traditional Medicare program in the United…

Q: Suggest several reasons why health care spending is higher in the United States than in other…

A: There are many reasons behind the higher spending of the U.S in healthcare in comparison to other…

Q: Define capitation as related to managed

A: Health economics is the study of how to make health care more unbiased, accessible, and affordable…

Q: Comment on the elasticity of demand for medicine

A: The elasticity of demand for any good represents how the quantity demanded is impacted when price of…

Q: U.S. health spending per capita in 2012 was         less than $3,000.     between $3,000 and…

A: spending refers to the act of using money or resources to purchase goods and services. It represents…

Q: There have been shifts in policy regarding the regulation of managed care organizations intended to…

A:

Q: In spite of its early popularity, the Patient Protection And Affordable Care Act of 2010 (ACA) had…

A: The Patient Protection and Affordable Care Act (ACA), also known as Obamacare, is a comprehensive…

Q: Suppose the income elasticity of demand for health care insurence is 0.3. If the level of income…

A:

Q: Prospective payment systems encourage providers to offer more health care services. True False

A: The improvement or maintenance of health through diagnosis, treatment, and prevention of diseases or…

Q: For what reason is physician expenditures increasing? Group of answer choices Increased regulation…

A: This can be defined as a concept that shows the total demand for the products and services in a…

Q: Would you agree or disagree with the following statement, "The single most important health policy…

A: The health policy of any state is with the motive to provide better healthcare facilities to the…

Q: What can be done to ensure that Medicare does NOT run out of money or that the plan stays…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: The size of private health insurance premiums depends on all of the following except…

A: Health insurance is a legally binding game plan wherein an individual or a gathering of individuals…

Q: In 2008, what percentage of all people in the United States did not have health insurance?   One…

A: Introduction: Health insurance may be a style of insurance that pays for medical expenditures…

Q: What is the significance when it comes to 3rd party payor to show it's efficient function of a…

A: Healthcare cost control refers to the methods used by third-party payers, such as insurance…

Q: Why does the US have a higher rate of medical errors compared to other OECD countries?

A: A medical error refers to an adverse effect of medical care. It is a preventable error. It can occur…

Q: lists six trends in the US healthcare system. Which of these trends can best be attributable, in…

A: It can be defined as the improvement or progress in the existing technology and also development in…

Q: How do health administrators have technical skills

A: The recent shift to Electronic Health records (EHR) by the healthcare industry ha led to the…