_____ Typically Consists of Approaches That Monitor and Reduce Medical

question 58

Multiple Choice

_____ typically consists of approaches that monitor and reduce medical costs through restrictions and market system alternatives.

• A) Utilization review
• B) Managed care
• C) A medical review program
• D) A medical option plan

---

Definitions:

Behavioral Economics

An area within economics that examines how psychological, cognitive, emotional, cultural, and social aspects influence the economic choices made by individuals and institutions.

System 1

A term from psychology, referring to the fast, automatic, and often subconscious way of thinking, as opposed to the slower, more deliberate thought processes of System 2.

System 2

A term often used in behavioral economics, referring to slow, deliberative, and analytical thinking, contrasted with fast, instinctive, and emotional 'System 1' thinking.

Neoclassical Assumption

Underlying principles of neoclassical economics that include rationality, individuals maximizing utility, firms maximizing profits, and markets tending toward equilibrium.