Which Statement Is TRUE with Respect to Medicare

question 26

Multiple Choice

Which statement is TRUE with respect to Medicare?

• A) The part of Medicare that covers inpatient hospital costs and some costs of long-term care is financed largely through a payroll tax.
• B) The part of Medicare that covers physician expenditures and outpatient hospital expenditures is financed largely through a payroll tax.
• C) Medicare recipients must pay a premium to receive coverage of inpatient hospital costs.
• D) Medicare recipients are not able to purchase additional coverage beyond the basic plan provided by the program.

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Definitions:

Control Chart

A statistical tool used in quality control processes to monitor, control, and ascertain the stability of a process.

Defective Candy Bars

Candy bars that do not meet the production quality standards due to flaws.

Sample Size

The total number of instances or replications incorporated in a statistical sampling.

Population Proportion

The fraction or percentage of the population that exhibits a specific attribute or characteristic.