With the New Goal of Paying for Value and Better

question 27

True/False

With the new goal of paying for value and better care, the Medicare Access and Summary CHIP Reauthorization Act of 2015 (MACRA) reformed Medicare payment by making changes that created a quality payment program to replace the hodgepodge system of Medicare reporting programs.

---

Definitions:

Compounded Monthly

Describes the process where interest is calculated and added to the principal amount of an investment or loan on a monthly basis.

Compounded Semi-annually

Refers to the process where interest is calculated and added to the principal sum of a deposit or loan twice a year.

Compounded Monthly

A method of calculating interest where the accrued interest is added to the principal sum each month, so that each successive calculation includes interest on the interest.

RRSP

A Registered Retirement Savings Plan, which is a retirement savings and investing tool for employees and the self-employed in Canada.