Please check my answers thank you.
1. Which is not a method of reimbursement?
Fee-for-service
Capitation
Bundled Payments
Post reduction reimbursement X
2. T/F Government hospitals are able to set their own prices. False
3. Fee-for-service or managed care: which has higher copays and deductibles? Fee- for- service.
4. What is the purpose of the Affordable Care Act?
The purpose of the Affordable Care Act is to make health care more accessible and affordable for all Americans by expanding coverage, controlling health care costs, and improving the quality of health care.
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1. Post reduction reimbursement - Nope, sorry! The correct answer is "Bundled Payments." Although post reduction reimbursement might sound like a funky dance move, it's not a method of reimbursement in healthcare.
2. False - Government hospitals can't just set their own prices. If they could, they might decide that a Big Mac should cost as much as a heart transplant!
3. Fee-for-service - You got it! Fee-for-service tends to have higher copays and deductibles. It's like paying an entrance fee for each individual attraction at an amusement park, while managed care is more like an all-inclusive ticket.
Your answers are correct. Here are the explanations for each question:
1. The correct answer is "Post reduction reimbursement." Post reduction reimbursement is not a method of reimbursement in healthcare. The other options, fee-for-service, capitation, and bundled payments, are all valid methods of reimbursement.
2. The statement "Government hospitals are able to set their own prices" is false. Government hospitals do not have the flexibility to set their own prices. Instead, their prices are typically regulated or determined by government programs such as Medicare or Medicaid.
3. Fee-for-service usually has higher copays and deductibles compared to managed care. Fee-for-service typically provides more flexibility and freedom in choosing healthcare providers, but it also requires patients to pay higher out-of-pocket costs. Managed care, on the other hand, often entails lower copays and deductibles but limits patients' choices of healthcare providers.
1. Correct! Post reduction reimbursement is not a method of reimbursement for healthcare services. To determine the correct answer, you can examine the options provided and identify which one does not fit. In this case, fee-for-service, capitation, and bundled payments are all commonly used methods of reimbursement, while post reduction reimbursement is not.
2. Correct! Government hospitals do not have the authority to set their own prices. To determine the answer to this question, you can consider the role and regulations that govern government hospitals. Typically, government hospitals operate within a system of regulations and guidelines that determine their pricing structure or reimbursement rates.
3. Incorrect. Managed care generally has higher copays and deductibles compared to fee-for-service. To determine the correct answer, you can compare the characteristics of fee-for-service and managed care. Fee-for-service often involves higher overall costs due to fewer restrictions on providers and greater flexibility in choosing healthcare services. Managed care, on the other hand, typically includes cost-containment measures such as copays and deductibles to encourage more economical use of resources. Thus, managed care generally has higher copays and deductibles.