Cost Effectiveness Is an Important Piece of the Evaluation of Public

question 10

Multiple Choice

Cost effectiveness is an important piece of the evaluation of public policy because

• A) damages are often difficult to estimate.
• B) cost effectiveness ensures efficiency.
• C) cost effectiveness ensures a socially optimal outcome, balancing benefits with costs.
• D) all of the above.

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Definitions:

Clearinghouses

Intermediary entities that process non-standard health information to conform to standards for data exchange between healthcare providers and insurers.

Electronic Data Interchange (EDI)

Transmitting electronic medical insurance claims from providers to payers using the necessary information systems.

Standard Format

A set of established criteria or specifications to which something must conform.

Medicaid Eligibility

The criteria which determine an individual's or family's qualification to receive Medicaid, a program assisting with medical costs for people with limited income and resources.