When a Company Sets a Ceiling as to What They

question 86

True/False

When a company sets a ceiling as to what they will pay for a procedure, this is referred to as a reference-pricing program.

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Definitions:

National Legislation

Laws or statutes enacted by a country's legislative body that govern nationwide policies, issues, or concerns.

Collective Bargaining Agreements

legally binding contracts negotiated between unions and employers that outline terms of employment, working conditions, and employee benefits.

Worker Protections

Laws, regulations, and practices designed to safeguard employees' rights and well-being in the workplace.

Multi-Industry

Pertaining to or involving several different industries or sectors of the economy.