You Have Learned That Policymakers Have Delegated to Insurance Companies

question 14

Multiple Choice

You have learned that policymakers have delegated to insurance companies responsibility for drug coverage decisions and for price negotiations with pharmaceutical companies. What is this an example of?

• A)shifting the burden of difficult decision-making
• B)the permeability of Congress
• C)the power of organized interests
• D)addressing the fundamental ambiguity of American politics

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Definitions:

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically one year.

Supplies Expense

This refers to the cost recorded for supplies used during an accounting period, not necessarily when they were purchased.

Operating Income

Income generated from normal business operations, calculated by subtracting operating expenses from the gross profit.

Cash Account

An account that represents the amount of liquid assets or cash available to an individual or company.