One of the Most Promising Ways to Reduce Health-Care Costs

question 52

Multiple Choice

One of the most promising ways to reduce health-care costs may be to ______.

• A) emphasize preventive health care
• B) set up pilot tests in states
• C) expand Medicaid
• D) pay physicians and hospitals using fees for services instead of the current system, salaries.

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Definitions:

Lead Time

The amount of time that elapses between the initiation and completion of a process, such as the time from placing an order to delivery.

Backup Supplier

A secondary source for goods or materials, used in case the primary supplier fails to deliver, to ensure continuity of supply in the production or distribution process.

Volume-Based

A pricing or measurement approach relying on the amount of goods sold or produced.

Efficient Facility

A production or service site designed to maximize productivity and reduce waste, costs, and inefficiency through optimal use of resources and technology.