In What Year Did CMS Require State Medicaid Agencies to Use

question 100

Multiple Choice

In what year did CMS require state Medicaid agencies to use CPT codes for reporting outpatient hospital procedures as part of the Omnibus Budget Reconciliation Act?

• A) 1977.
• B) 1986.
• C) 1992.
• D) 2006.

---

Definitions:

Perfect Complements

Goods that are used together in fixed proportions to satisfy a particular need or desire.

Corner Solution

A situation in optimization problems where the optimal choice for an individual or firm involves taking an extreme position, often due to constraints or limits.

MRS

Marginal Rate of Substitution, the rate at which a consumer is willing to substitute one good for another, maintaining the same level of utility.

Indifference Curves

Indifference curves are graphical representations used in microeconomics to show combinations of two goods that provide the consumer with the same level of satisfaction or utility.