Which of the Following Provides One Explanation for Why Medicare

question 7

Multiple Choice

Which of the following provides one explanation for why Medicare costs have risen in recent years?

• A) People now are in better health than were people in the past.
• B) People rely on their own private insurance to supplement Medicare.
• C) Most people on Medicare also receive Medicaid benefits.
• D) Doctors charge less for many services than they did in the past.
• E) People live longer today than they did in the past.

Recognize the importance of product differentiation in transforming market competition types.

Understand the psychological aspects of pricing, including reference pricing and its influence on consumer perception.

Understand the principles and requirements of implementing a pay for performance system.

Describe how base pay is set in merit pay plans.