Explain Why Health?care Cost Management Has Become Important

question 46

Essay

Explain why health?care cost management has become important. Discuss several strategies available for controlling costs and educating employees on their values.

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Definitions:

Bilateral

Relating to agreements or actions involving two sides, parties, or countries, where each has obligations or considerations towards the other.

Valid

Legally sound and binding; conforming to the law or to established rules.

Basic Element

A fundamental or essential component or aspect of something.

Consideration

In contract law, a basic requirement for an enforceable agreement under traditional contract principles, defined in this text as legal value, bargained for and given in exchange for an act or promise. In corporation law, cash or property contributed to a corporation in exchange for shares, or a promise to contribute such cash or property.