Which of the Following Best Describes a Carve-Out Service

question 17

Multiple Choice

Which of the following best describes a carve-out service?

• A) A particular service that is offered only by a designated provider or group.
• B) A particular procedure that receives limited reimbursement.
• C) A particular treatment is not allowed within a particular diagnosis.
• D) A particular prescription drug that is only available to those with certain conditions.

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Definitions:

Opportunity Costs

The cost of the next best alternative foregone when making a decision.

Wasted Time

Time that is not used effectively or productively.

Price Floor

A government-imposed minimum price for goods or services, aimed at preventing market prices from falling below a certain level to protect producers.

Market For Soda

The commercial space in which various types and brands of soda (sugary, carbonated beverages) are bought, sold, and competed over.