Which of the Following Statements Is True About the BCBS

question 2

Multiple Choice

Which of the following statements is true about the BCBS (Blue Cross Blue Shield) Association

• A) It is the single largest trade association of private health care insurers in the United States.
• B) It covers hospital and related services only.
• C) It covers physician services only.
• D) It is a for-profit organization.

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Definitions:

Ethical Criteria

Standards or principles used to judge the rightness or wrongness of actions, often based in moral philosophy.

Accounting Majors

Students specializing in the study of accounting, preparing for careers in financial reporting, auditing, tax, and more.

GAAP

Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.

EU

A political and economic union of 27 member states that are located primarily in Europe, aimed at facilitating economic cooperation.