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:

Full Benefits

A comprehensive benefits package offered to employees, which may include health insurance, retirement plans, vacation days, and other perks in addition to salary.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Private Pension Plans

Are prearranged plans administered by the organization that provides income to employees at their retirement.

Perquisite

Benefits or privileges provided to employees in addition to their regular salary, often seen as perks of the job.