Medicaid Programs Have a Fee-For-Service Coverage Structure;there Is No Managed

question 20

True/False

Medicaid programs have a fee-for-service coverage structure;there is no managed care option in any state.Medicaid is the largest source of funding for "safety-net" providers that serve the poor and uninsured.

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Definitions:

Financial Statement Disclosure

The provision of information in a company's financial statements beyond the basic financial numbers, aimed at giving a complete understanding of the company's financial health.

Lawsuit Loss

Financial loss recognized by a company due to legal judgments or settlements in lawsuits.

Reasonably Possible Loss

A loss that is not assured but has a good chance of occurring, requiring disclosure in financial statements if quantifiable and material.

Losses Accrued

Expenses that have been incurred but not yet paid or recorded in the financial statements.