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2 years 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]2 years 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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You might be interested in

ABC sells 28 units for $50 each on December 15. Of the units sold, 14 are from the December 7 purchase and 14 are from the Decem

LekaFEV [45]

Answer:

Closing inventory based on Specific IDENTIFICATION

7 Dec purchase ( 20-16) = 4 * $16 = $64

14 Dec purchase ( 35 -14) = 21*$24 = $504

21 Dec purchase 30*$29 = $870

closing inventory 31 Dec = $1438

Explanation:

The question is incomplete but here is a complete one

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.

Purchases on December 7 20 units @ $16.00 cost

Purchases on December 14 35 units @ $24.00 cost

Purchases on December 21 30 units @ $29.00 cost

Required:

Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.

5 0

3 years ago

Distinguish between saving, consumption, consumption function and saving function

Natali5045456 [20]

CONSUMPTION FUNCTION:

It is the relationship between consumption expenditure and the level of disposable income.

C = f (Yd) , where

C represents the consumption expenditure

Yd represents disposable income

It shows how a change in income influences the consumption pattern

SAVING FUNCTION:

It is the relationship between savings and the level of disposable income

S = -S(bar) + sYd

where

S(bar) is autonomous saving

s represents marginal propensity to save

Yd represents disposable income

it shows how change in income influences savings

7 0

3 years ago

in the gilded age, how did monopolies affect many small businesses? monopolies helped small businesses grow.

astra-53 [7]

In the Gilded age, monopolies affected the small businesses as the monopolies forced small businesses to shut down. A monopoly arises when a single corporation dominates the market for a given product or service.

Monopolies frequently result in the closure of the smaller businesses. One business can regulate the product prices when it controls a particular market. Due to their size, most the monopolizing businesses can afford to reduce their prices so much that no small business can compete. Because of this, the smaller companies are left with no alternative except to shut down or combine with the monopolizing firm.

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7 0

1 year ago

Using the information the you learned about your ability to produce running show inserts and hiking shoe inserts, complete your

Naddika [18.5K]

Answer:

Combinations Running shoe inserts Hiking boot inserts

A 15 0

B 12 2

C 9 4

D 6 6

E 3 8

F 0 10

Explanation:

The question is incomplete.

The complete question is:

"You are getting ready to open The Shoe Hut, but you need to need to determine whether you have the absolute or comparative advantage in the production of specific items. This will help you determine which product is the best for specialization.

Your production possibilities are as follows:

You have the resources to produce up to 15 running shoe inserts.

You have the resources to produce up to 10 hiking boot inserts.

For every 2 hiking boot inserts produced, you give up the production of 3 running shoe inserts.

Your production possibilities schedule will help you determine:

your opportunity costs

your best options for production.

1. Using the information that you learned about your ability to produce running shoe inserts and hiking boot inserts, complete your production possibilities schedule"

<h2>Solution</h2>

Use the variable R and H to name the number of running shoe inserts and hiking boot inserts.

1. You have the resources to produce up to 15 running shoe inserts.

Then, if you use all the resources to produce 15 running shoe inserts and none boot inser, your possibility is R = 15, H = 0.

2. You have the resources to produce up to 10 hiking boot inserts.

Then, if you use all the resources to produce 10 hiking boot inserts, you will not produce any running shoe insert.

This possibiity is: R = 0, H = 10.

3. For every 2 hiking boot inserts produced, you give up the production of 3 running shoe inserts.

Then you can build a table, starting with R = 15, and H = 0, showing a sequence decreasing R by 3 and increasing H by 2:

Row R H

1 15 0

2 12 2

3 9 4

4 6 6

5 3 8

6 0 10

That is the complete set of production possibilities. There are a total of 6 differente combinations, and you can call each one with a different letter from A to F, which is what the table of combinations shows.

4 0

4 years ago

Marwick Corporation issues 15%, 5 year bonds with a par value of $1,070,000 and semiannual interest payments. On the issue date,

Over [174]

Answer:

The bond's issue (selling) price = $1,146,890.2

Explanation:

The selling price of the bond is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are paid semi anually and the par value of the bond that will be paid at the end of the 10 years.

During the 5 years, there are 10 equal periodic coupon payments that will be made. In each year, the total coupon paid will be $$1,070,000*0.15=$160,500$ and this payment will be split into two equal payments equal to $\frac{160,500}{2}=$80,250$ . this stream of cashflows is an ordinary annuity

The periodic annual market rate is equal to $\frac{0.13}{2}=0.065$

The PV of the cashflows = PV of the coupon payments + PV of the par value of the bond

=$80,250*PV Annuity Factor for 10 years at 6.5% + $\$1,070,000*\frac{1}{(1+0.065)^10}$

$=$80,250*7.1888+$1,070,000*0.5327 = $1,146,890.2$

7 0

3 years ago