To control moral hazard on the providers' side of the market and the increased spending that accompanies it, managed care organizations enter into contracts with providers that include all of the following except:
a. risk sharing.
b. case management.
c. the ability to deny coverage to high-cost users.
d. utilization review.
e. capitation.
c. the ability to deny coverage to high-cost users.
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Which of the following nations is NOT part of OPEC?
A. Kuwait B. Indonesia C. Iran D. Mexico
If the government finances an increase in government purchases with an increase in taxes, which of the following would you expect to see?
A) a decrease in the interest rate B) a decrease in aggregate demand C) an increase in the exchange rate D) an increase in net exports
Suppose the price of a product is reduced from $10 to $6 and the quantity demanded increases from 40 to 60 units. From this we can conclude that the price elasticity of demand over this price range is equal to _____
a. 1.2 b. 1.25 c. 0.80 d. 0.20 e. 0.5
Suppose that the federal government provides wheat farmers with a price floor above the market equilibrium price of wheat, creating a surplus. Which of the following causes a reduction in the surplus of wheat?
a. An increase in the supply of wheat. b. An increase in the price of wheat. c. A decrease in the demand for wheat. d. Elimination of the price floor.