The Result of the Revised Reimbursement Formula in the Balanced

question 12

Multiple Choice

The result of the revised reimbursement formula in the Balanced Budget Act of 1997 was ____.

• A)a substantial drop in the number of Medicare beneficiaries enrolled in managed care plans
• B)the growth of managed care plans in rural and low-cost areas
• C)the growth of managed care plans in urban and high-cost areas
• D)a substantial increase in the number of Medicare beneficiaries enrolled in managed care plans

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Definitions:

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.

Depreciation Expense

Depreciation expense represents the allocation of the cost of tangible assets over their useful lives.

Decrease in Payable

A reduction in the amount a company owes to its suppliers or creditors, indicating payments have been made.

Loss on Sale

The financial loss incurred when the selling price of an asset is less than its carrying amount on the books.