Which of the Following Actions Help Organizations Reduce the Cost

question 75

Multiple Choice

Which of the following actions help organizations reduce the cost of health care benefits offered to employees?

• A) Increasing the amount employers pay for deductibles and coinsurance
• B) Selecting traditional health insurance over HMOs and PPOs as a preferred option
• C) Expanding the coverage for different types of claims
• D) Paying some or all of the difference in cost between an HMO or PPO plan
• E) Shifting from traditional health insurance plans to PPOs and CDHPs

Identify and explain the concept of opportunity cost and how it varies with different production choices.

Recognize the implications of producing at various points on or inside the production possibility frontier (PPF) in terms of efficiency, unemployment, and resource utilization.

Describe the impact of technological advancements on the production possibilities frontier.

Understand the principle of increasing opportunity cost and its relationship to the shape of the production possibilities frontier.

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Definitions:

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