Third-Party Payments by Either the Government or an Insurance Company

question 106

Multiple Choice

Third-party payments by either the government or an insurance company accounted for ____ of the 2011 healthcare expenditures, compared to ____ paid by third parties in 1960. (Fill in the blanks)

• A) 40 percent; 20 percent
• B) 20 percent; 40 percent
• C) 86 percent; 45 percent
• D) 96 percent; 73 percent

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Definitions:

Postbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.

Elephant Garlic

A large, mild-flavored variety of garlic that resembles a bulb of leek rather than a true garlic.

Invitation to Treat

An invitation for parties to make an offer, which can then be accepted or rejected, not an offer itself.

Breach of Contract

The violation of any term or condition in a contract without lawful excuse.