The Amount of Reimbursement Is Determined Before the Services Are

question 75

Multiple Choice

The amount of reimbursement is determined before the services are delivered.

• A)Retrospective reimbursement
• B)Cost-plus reimbursement
• C)Prospective reimbursement
• D)Fee-for-service

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Definitions:

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

Market Basket

A selected set of goods and services used to track inflation and the cost of living or to define a beneficiary's set of consumable products.

CPI

The Consumer Price Index is an indicator that assesses the average cost of a selected group of consumer items and services, including food, medical care, and transportation, by looking at their weighted average prices.

Consumer Price Index

A gauge that tracks the average variation over periods in the costs urban buyers incur for a defined set of consumer products and services.