Utilization Management First Became Mandatory in 1965 with the Passage

question 17

True/False

Utilization management first became mandatory in 1965 with the passage of the federal law establishing the Medicare program.

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Definitions:

Holder-of-record Date

The specified date set by a corporation by which one must be registered as a shareholder to be entitled to receive dividends or participate in certain corporate events.

Stock Rights

Opportunities given to existing shareholders to purchase additional shares of the company's stock, typically at a discount, before the stock is offered to the public.

Date of Record

The date set by a company on which the shareholders must be registered to be eligible for dividends or other benefits.

Penny Stocks

Refers to shares of small companies traded at very low prices, often considered highly speculative.