Which of the Following Statements Is (Are)true with Respect to the Medicare

question 25

Multiple Choice

Which of the following statements is (are) true with respect to the Medicare Advantage Plans?
I.These plans replace the original Medicare program,Parts A and B,which are no longer available to new retirees.
II.These plans provide an opportunity for retirees to receive Medicare coverage through private health care plans.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

High Risk Assets

Investments that offer the potential for higher returns but come with a greater possibility of loss.

Return

The process of bringing back a purchased product to the seller or store, often for a refund or exchange.

Monopoly Firm

A company that is the sole provider of a product or service in a market, resulting in a lack of competition.

Price Maker

A market participant with the power to influence the price of a good or service by altering its supply, demand, or both.