Managed Care Is a System in Which Physicians Contract to Participate

question 97

Multiple Choice

Managed care is a system in which physicians contract to participate in a health insurance network and healthcare delivery is:

• A) at the discretion of the physician.
• B) provided only by in-network physicians.
• C) based on the patient's ability to pay.
• D) monitored to control costs.

Assess the relationship between price changes and movements along or shifts of the supply and demand curves.

Identify the role of substitutes and complements on market dynamics.

Comprehend the effect of income changes on demand for normal and inferior goods.

Understand the implications of input cost changes on supply.

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Definitions:

Union Activities

Various actions undertaken by labor unions including organizing, bargaining, striking, and other efforts to protect and advance members' interests.

Injunctions

Legal orders issued by a court that direct a party to do or refrain from doing specific acts, often used in labor disputes to halt strikes or picketing.

Yellow Dog Contracts

Employment agreements where the employee pledges not to join a labor union during the term of employment; these are illegal in the United States.

Free Trade

An economic policy that allows imports and exports among countries with minimal regulatory barriers or tariffs.