Explain Medical Utilization Initiatives, and How They Relate to Effective

question 50

Essay

Explain medical utilization initiatives, and how they relate to effective use of current medical treatments and tracking medical costs.

---

Definitions:

CPI Construction

The method of creating the Consumer Price Index, which measures changes in the price level of a market basket of consumer goods and services purchased by households.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Consumer Price Index

A benchmark capturing the average movement over time in the outlay of urban buyers for a predetermined mix of consumer goods and services.

Consumer Price Index

An index measuring the change over time in the price level of consumer goods and services purchased by households.