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.

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Definitions:

First-Degree Price Discrimination

First-degree price discrimination occurs when a seller charges different prices for the same product or service to each individual customer, based on their willingness to pay.

Inverse Demand Function

Represents the relationship between the quantity demanded of a good and its price, formulated to express price as a function of quantity.

Consumer's Surplus

The gap between the total sum consumers are ready and able to spend on a good or service and what they actually spend.

Used Cars

Pre-owned vehicles that have been previously registered and used by one or more owners.