Which Statement by the Nurse Shows Understanding of the Rand

question 10

Multiple Choice

Which statement by the nurse shows understanding of the Rand Health Insurance Experiment?

• A)"When consumers were required to pay a 25% co-payment,there was a considerable decline in the use of health care services."
• B)"There was an increase in the use of health care services when consumers were required to make a co-payment."
• C)"If the health care cost is being paid by insurance companies,the consumer is not concerned about the cost."
• D)"The implementation of the Oregon Health Policy for reimbursement of the cost of health care services led to the Rand Health Insurance Experiment."

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Definitions:

Financial Reports

Official records that detail a company's financial activities and condition, including balance sheets, income statements, and cash flow statements.

Generally Accepted Accounting Principles

A set of accounting standards and practices that are used in the preparation of financial statements to ensure accuracy and consistency.

Management's Functions

The core roles and responsibilities of management, including planning, organizing, leading, and controlling organizational resources.

Planning

The method of establishing objectives, formulating strategies, and detailing the tasks and timelines to achieve these objectives.