Certificate of Need (CON) Laws Apply to Health Plans in a Variety

question 19

Multiple Choice

Certificate of need (CON) laws apply to health plans in a variety of ways, depending upon the state. By definition, CON laws are laws that are designed to

• A) Regulate the construction, renovation, and acquisition of healthcare facilities as well as the purchase of major medical equipment in a geographical area
• B) Protect commerce from unlawful restraint of trade, price discrimination, price fixing, reduced competition, and monopolies
• C) Determine benefit payments when a person is covered by more than one plan, such as two group health plans 12
• D) License and regulate health plans that wish to establish and operate an HMO

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Definitions:

Consumption

The usage of goods and services by households or individuals, forming a major component of aggregate demand in an economy.

Income

Income refers to the money received by an individual or entity, typically in the form of wages, salaries, or returns from investments, over a specified period of time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Bushels

A unit of volume that is used for measuring agricultural produce, such as grain, fruit, or vegetables.