What Is the Main Problem with Medicare Part D

question 33

Multiple Choice

What is the main problem with Medicare Part D?

• A)The plan allows elderly persons to purchase medications from certain mail-order companies.
• B)The plan covers generic,not brand-name,drugs.
• C)Medicare recipients are confused by what the plan will or will not cover.
• D)There is a coverage gap in which recipients have to pay full cost of drugs.

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Definitions:

U.S.GAAP

Generally Accepted Accounting Principles in the United States, a collection of financial reporting standards utilized in the U.S. for accounting purposes.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB), aimed at making global financial reporting more transparent and comparable.

OCI

Other Comprehensive Income, which includes revenues, expenses, gains, and losses that are not included in net income and directly affect shareholders' equity.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.