Which of the Following Is a Law Passed in the Last

question 57

Multiple Choice

Which of the following is a law passed in the last 20 years relating to health care?

• A)establishment of health maintenance organizations to reduce health care costs
• B)establishment of deductibles and copayments in health insurance policies
• C)establishment of health savings accounts (HSAs)to promote saving for routine medical expenses
• D)establishment of fixed Medicare payment to hospitals based on one of several hundred diagnostic categories

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Definitions:

Market Failure

A situation in which the market does not allocate resources efficiently, leading to a loss of economic and social welfare.

Unemployment

This indicates the condition of being jobless despite the willingness and capability to work, measured as a percentage of the labor force.

Health Maintenance Organizations

A type of health insurance plan that provides a network of doctors and hospitals for patient care, often with an emphasis on prevention and wellness.

Lower Wages

Reduced compensation for work performed, often relative to previous levels or compared to industry standards.