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1 year ago

why do many blame high administrative costs as a main contributor to the high cost of healthcare in the us?

Business

1 answer:

Sergio [31]1 year ago

5 0

The bloated Medicare and Medicaid bureaucracy is highly inefficient.

What is bureaucracy?

A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.

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Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee

strojnjashka [21]

Answer:

A.) 3%; B.) 2% ; C) $155; D) $150

9) $78 ; $1278

10) a) $5940; b) $19440; c) $279; D) 21.64%

Explanation:

Amount = $150

Cash advance rate = 2% = 0.02

A.) cash advance fee = $150 × 0.02 = $3

B.) Interest for one month at APR of 18%

Interest = principal × time × rate

$150 × (1÷12) × 0.16 = $2.00

C.) Total amount paid

$(150 + 3 + 2) = $155

D.) $150

9.)

Interest = principal × rate × time

t = 6 months = (6/12)

Rate (r) = 0.13

Principal = $1200

Interest = $1200 × 0.13 × 0.5 = $78

Total amount = down payment + principal borrowed + interest

Total amount = 0 + $1200 + $78 = $1,278

10.)

Price = $13,500

Down payment = $2700

Loan required = $10,800

Add-on rate = 11% = 0.11

Period = 5 years

A.) Interest = $10,800 × 0.11 × 5 = $5,940

B.) Total cost = Down payment + Principal borrowed + interest paid

$2700 + $10,800 + $5940 = $19,440

C.) Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = ($10800+ $5940) / (12×5)

Monthly payment = $16740 ÷ 60 =$279

D.) Annual percentage rate (APR)

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 5940) / [10800 × (60+1)]

APR = 142560 ÷ 658800

APR = 0.21639

APR = 21.64%

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2 years ago

Short notes on Co-Work skill?

sammy [17]

Answer:

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

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2 years ago

Magnira Corp. is an apparel company. After a slow start, it saw a steep rise in its clientele and a remarkable increase in its p

Ierofanga [76]

Answer:

The company must create brand recognition and open new branches to access greater number of customers.

Explanation:

Ofcourse having a brand recognition means that the company is oriented towards developing its image that plays a vital role in making choices and this is only possible if its products are widely available in the market by openning new branches and offering other branches to present your products. This will lead to access of product to greater amount of public and greater the number of people will choose Magnira's products.

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2 years ago

Select the correct answer.

kati45 [8]

Answer:

Consumer Bill of Rights

Explanation:

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3 years ago

If a corporation has only one class of stock, it is referred to as preferred stock. solitary stock. common stock. classless stoc

riadik2000 [5.3K]

Common stock

If a corporation has only one class of stock, it is referred to as Common stock.

<h3>What is a common stock?</h3>

A security that symbolizes ownership in a firm is called common stock.
Common stock owners choose the board of directors and cast ballots for corporate rules.
Long-term rates of return are often higher with this type of stock ownership.

<h3>What is the name of common stock?</h3>

ordinary share

The ownership of equity in a firm is represented by common stock, a category of securities.
There are several words that are equivalent to the term "common stock," such as "common share," "ordinary share," or "voting share."

<h3>The benefits of common stock</h3>

More so than bonds or cash, equity ownership offers the highest rate of return over the long term.
Long-term returns on common stocks have exceeded 6% real, making them one of the finest ways to beat inflation.

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2 years ago