Which of the following statements is true concerning DRGs?
a. Soon after their implementation in 1983, the average length of stay in U.S. hospitals fell significantly.
b. Hospital operating margins fell dramatically immediately after implementation of the program.
c. The system encourages over-treatment of elderly patients.
d. The system encourages physicians to over-diagnose.
e. Both a and d are true.
E
You might also like to view...
The total variable cost curve ________ because ________ as output increases
A) slopes upward; variable cost increases B) slopes upward; marginal cost increases C) slopes downward; variable cost increases D) slopes downward; marginal cost increases E) is horizontal; fixed cost does not change
Assume that capital and labor are complementary inputs. If the firm increases the amount of capital it employs, this would
A. cause the firm to move up along its MP schedule for labor. B. shift the firm's MP schedule for labor to the left. C. shift the firm's MP schedule for labor to the right. D. cause the firm to move down along the MP schedule for labor.
A patent
A. makes a good that has recently been invented more expensive than it would otherwise be. B. makes inventing the good less appealing. C. is better for a writer of books than it is for an inventor of medicines. D. is never sought for inventions anymore.
In the United States, government policies with respect to monopolies and collusion are embodied in
A) common law, which the United States adopted from English law. B) the Supreme Court. C) antitrust laws. D) the U.S. Constitution.