The dominant factor affecting medical care delivery and finance in the 1990s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. creation of Medicare and Medicaid.
d. the explosive growth of managed care.
e. ERISA.
D
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Opportunity cost of an activity
a. Is included in accounting costs b. Does not include monetary costs c. May include both monetary costs and foregone incomes d. Is known with certainty
College education provides higher income for the individual but also a more productive and more educated person who will contribute to society in many ways. Higher education is an example of:
A. a nonexcludable service. B. a negative externality. C. adverse selection. D. a positive externality.
What would happen if the government chooses to increase the number of years that a firm can enjoy patent protection from 20 years to 25 years?
What will be an ideal response?
Which of the following will cause the money multiplier to become smaller?
A) an increase in high powered money B) a decrease in the ratio of reserves to checkable deposits C) an increase in the public's preference for checking deposits as opposed to holding currency D) a reduction in high powered money E) none of the above