One of the main differences between PPOs and HMOs is that:
A. HMO physicians charge on a traditional fee-for-service basis, while PPO physicians do not.
B. HMOs are usually for-profit organizations, whereas PPOs are not.
C. PPOs employ their own doctors, whereas HMOs do not.
D. PPO physicians charge on a traditional fee-for-service basis, while HMOs do not.
Answer: D
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Which of the following will cause an outward (rightward) shift in the supply curve?
A) a reduction in the price of the good B) an increase in the price of labor input C) an increase in the number of consumers D) technological progress
The use of a dollar bill to buy a concert ticket represents the function of money as a:
a. medium of exchange. b. unit of account. c. store of value. d. all of these.
Places where foreign currencies are bought and sold are
A. Foreign exchange markets. B. Currency appreciation markets. C. Capital account markets. D. Foreign exchange reserves.
Refer to the table below. If Stuffed Pies is currently producing 13 units of quality, to maximize profit, Stuffed Pies should ________ the units of quality.
Stuffed Pies is a frozen calzone manufacturer. The table above summarizes Stuffed Pies' marginal revenue and marginal cost of quality at various quality amounts.
A) not change
B) increase by 50 percent
C) decrease
D) increase