Under Which Program Is the Patient Not Required to Have

question 10

Multiple Choice

Under which program is the patient not required to have a primary care provider or receive a referral for access to medical services?

• A) MCO
• B) PPO
• C) HMO
• D) PCP

Evaluate the impact of government interventions such as taxes, price ceilings, and floors on market outcomes.

Understand the role of elasticity in determining market reactions to taxes and price controls.

Examine the specific effects of certain taxes, like luxury taxes and FICA, on market participants.

Discern the relationship between market elasticity and the size of the market after a tax imposition.

---

Definitions:

Annual Cash Inflows

The total amount of money received by a company or individual in a year from various sources, excluding borrowings.

Straight-Line Depreciation

A way to distribute the outlay of a tangible resource over its service life in regular annual contributions.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

After-Tax Net Income

The amount of profit left after all taxes have been deducted from total revenue.