"Working Condition Fringe Benefits," Such as Memberships in Professional Organizations

question 47

True/False

"Working condition fringe benefits," such as memberships in professional organizations paid for by the employer,are generally excluded from the employee's gross income.

Recognize the coverage and target populations of Medicare and Medicaid.

Identify the issues and implications of moral hazard in health insurance.

Differentiate between the health care systems of the United States and other industrialized countries.

Understand the concepts of defensive medicine, part-time and temporary work trends due to health care costs, and the fee-for-service arrangement.

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Definitions:

Commercial Banks

Financial institutions that offer a wide range of services like accepting deposits, providing business loans, and offering basic investment products.

Pension Fund Managers

Pension fund managers are professionals responsible for managing investment strategies for pension funds to ensure there are sufficient assets to pay out retirees' pensions.

Private Equity Funds

Investment companies that raise funds from individuals and institutional investors and use the funds to take large stakes in a wide range of public and private companies.