A preferred provider organization (PPO) is:
a. an organization that contracts with physicians, medical facilities, employers, and individuals to provide medical care to a group of individuals.
b. a network of doctors who agree to provide services to a health plan's enrollees at discounted fees
c. a not-for-profit hospital network.
d. a structure that utilizes traditional insurance plans.
b
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Suppose the Fed buys $1 million of government securities from Bank One, a large commercial bank. Bank One's reserves ________ and its deposits ________
A) increase by $1 million; do not change B) increase by $1 million; increase by $1 million C) do not change; increase by $1 million D) do not change; do not change E) decrease by $1 million; do not change
The price index that refers to all final goods and services produced in a country is the
A. GDP inflator. B. GDP deflator. C. CPI. D. PPI.
Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of producers restricted diamond sales to maximize profits. De Beers and its association was "the only game in town" and had what is known as
A. a duopoly. B. perfect competitor. C. monopolistic competitor. D. a cartel.
An increase in the price of fuel and fertilizer used for corn would cause farmers to increase corn production in an effort to make up for lost profits
Indicate whether the statement is true or false