Describe the Four Perspectives of the Balanced Scorecard

question 34

Essay

Describe the four perspectives of the Balanced Scorecard.

Understand the historical reasons for employer-provided private health insurance in the United States.

Comprehend the twin problems facing the U.S. health care industry: rising costs and unequal access.

Gain insights into the proportion of U.S. health spending paid by private and public insurance.

Grasp the impact of rapidly rising health care costs on employers and the labor market.

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Definitions:

Summary Plan Description

A document provided by plan administrators that clearly explains the benefits, rights, and obligations under a retirement or health plan.

Employee Retirement Income Security Act

A federal law that sets minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans.

Benefit Plan

A set of benefits provided by an employer to its employees, which may include health insurance, retirement savings plans, and other perks.

Consolidated Omnibus Budget Reconciliation Act

A U.S. federal law that provides individuals and their families the option to continue healthcare coverage for a limited time after losing health benefits.