Describe some of the ways employers have been trying to contain health insurance costs.
What will be an ideal response?
Employer efforts have focused on two areas. First, employers have altered medical coverages so that employees either share more of the costs or have to better document the need for particular treatments. Examples of this type of effort include higher co-payments, reductions in coverages, larger deductibles, required second opinions, and preadmission hurdles for hospital admissions (see HRM 5 for a detailed list).Second, employers are enlisting health systems that potentially help control costs. Examples of these efforts include the negotiation of advantageous contracts with health maintenance organizations (HMOs) and preferred provider organizations (PPOs). Finally, employers are incorporating various consumer-driven health plans.
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Which of the following statements is TRUE of the direct write-off method?
A) GAAP requires public companies to follow the direct write-off method. B) It provides better matching of revenues with expenses. C) It results in more accurate net income than any other method. D) It is only suitable for small companies that have very few uncollectible receivables.
When making the decision on a product's price, the manager must consider
A) all products at the same time. B) the minimum price that will produce a profit. C) only cost-based information. D) the product's total variable costs.
Refer to Graph 8.1. Which term most accurately describes the data points associated with Saturdays and Sundays?
A) nonbase data B) outliers C) seasons D) erroneous
A URL consists of a protocol followed by a domain name or public IP address.
Answer the following statement true (T) or false (F)