Which Statement Is Accurate Regarding Managed Care Provided by HMOs

question 15

Multiple Choice

Which statement is accurate regarding managed care provided by HMOs and other organizations around 2000?

• A)They caused health care consumers and their physicians to rebel at the limits imposed on providers.
• B)They successfully reduced national health spending by forcing efficiencies on to medical providers.
• C)They prioritized consumers' desires over the prerogatives of the medical providers.
• D)They triggered many strikes by medical providers seeking higher reimbursement rates.

Define and recognize different cognitive biases, such as not-invented-here bias and anchoring effect.

Understand the concept of satisficing and its role in decision making.

Recognize the influence of problem framing on decision outcomes.

Identify factors that contribute to the violation of statistical principles in decision making.

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Definitions:

Discount

A reduction from the full price or value of a good, service, or financial instrument.

Face Amount

The nominal value stated on the face of a financial instrument, such as a bond, that the issuer promises to pay at maturity.

Prepaid Property Tax

An expense recorded when property taxes are paid in advance before they are due, treated as an asset on the balance sheet.

Property Tax Expense

An expense recorded to reflect the cost of property taxes levied by local governments, often related to real estate owned.