RBRVS (Resource-Based Relative Value Scale)was Adopted to Increase

question 19

Multiple Choice

RBRVS (resource-based relative value scale) was adopted to increase

• A) the incomes of medical specialists.
• B) the incomes of doctors in primary practice.
• C) the cost of Medicaid and Medicare.
• D) the cost of drugs.
• E) hospital profits.

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Definitions:

Procedural Law

The body of law that outlines the processes and methods by which legal rights and duties are enforced.

Behavioral Economics

A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on economic decisions.

Utility Maximization

The economic principle that consumers choose to allocate their resources in a way that maximizes their satisfaction or utility.

Economic Agents

Individuals, households, firms, and governments that make decisions about the allocation of resources and interact in markets.