The Following Is True of a Managed Care System

question 4

Multiple Choice

The following is true of a managed care system:

• A)The patient's choice of provider is determined by the terms of the plan.
• B)The patient's choice of provider is completely at his or her discretion.
• C)The physician has less latitude in providing services.
• D)Both a and c.

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Definitions:

Same Price

A situation where different products, services, or commodities are sold for an identical amount of money.

Market 1

A generalized term referring to a space or system in which buyers and sellers engage in the exchange of goods, services, or information.

Market 2

A term that might refer to a secondary or alternative market for goods, services, or securities distinct from the primary or original market.

Discriminating Monopolist

A monopolist that charges different prices to different consumers or in different markets for the same product, based on the willingness to pay.