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sasho [114]
2 years ago
6

What is fraud and how does it impact health care costs?

Business
1 answer:
valentinak56 [21]2 years ago
7 0

The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health care fraud are in the tens of billions of dollars each year.

Whether you have employer-sponsored health insurance or you purchase your own insurance policy, health care fraud inevitably translates into higher premiums and out-of-pocket expenses for consumers, as well as reduced benefits or coverage. For employers-private and government alike-health care fraud increases the cost of providing insurance benefits to employees and, in turn, increases the overall cost of doing business. For many Americans, the increased expense resulting from fraud could mean the difference between making health insurance a reality or not.

However, financial losses caused by health care fraud are only part of the story. Health care fraud has a human face too. Individual victims of health care fraud are sadly easy to find. These are people who are exploited and subjected to unnecessary or unsafe medical procedures. Or whose medical records are compromised or whose legitimate insurance information is used to submit falsified claims.

<span>Don't be fooled into thinking that health care fraud is a victimless crime. There is no doubt that health care fraud can have devastating effects.</span>

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This isn't really a business question, but generally vegetables would be a healthier choice for a pizza topping instead of meats and cheeses.

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When activity-based costing is used to apply overhead to products, support department costs are referred to as Group of answer c
Rainbow [258]

Answer:

Activity-based department costs

Explanation:

Activity Based Costing refers to a method : that allocates the cost of activities in organisation among produced goods & services, in proportion to that activity consumed by each good & service.

The model is  a better representative of particular goods & services production costs, unlike conventional cost methods - that divide the activity cost among each good or service equally. It assigns more indirect (overhead) costs into direct costs compared to Conventional Costing.

So, the approach states that overhead to products, supporting department costs - are referred to as <u>Activity Based</u> Department Costs

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3 years ago
What is credit?............
kondaur [170]

Answer:

It’s trust you have in getting back the money that was borrowed

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It’s trust you have in getting back the money that was borrowed

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3 years ago
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Examples of tangible and intangible
Rashid [163]

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5 0
3 years ago
Requirement 1. Compute the profit margin ratio for Achieve​'s Companies for 2018. Begin by selecting the formula to calculate Ac
tamaranim1 [39]

Given Information:

                         Achieve​'s Companies Income statement

                           Years ended May 31 , 2018 and 2017    

                                                                         2018                2017

Net sales revenue                                          51,200            50,700

Costs of goods sold                                       20,800           28,600

Interest expense                                              400                  280

All other expenses                                          6,200              7800

Net income                                                      23,800            14,020

Explanation:

(1) Profit Margin Ratio for 2018

Profit Margin Ratio for 2018 = [Net Income / Net Sales Revenue] x 100

= [$23,800 / $51,200] x 100

= 46.5%

(2) Rate of Return on total assets for 2018

Rate of Return on total assets for 2018 = [Net Income / Average Total Assets] x 100

= [$23,800 / {($86,700 + $57,700)/2}] x 100

= [$23,800 / $72,200] x 100

= 33.0%

(3) Asset Turnover Ratio for 2018

Asset Turnover Ratio for 2018 = Net Sales Revenue / Average Total Assets

= $51,200 / $72,200

= 0.71 Times

(4) Rate of return for Common Stockholders Equity for 2018

Rate of return for Common Stockholders Equity for 2018 = [Net Income / Average Equity] x 100

= [$23,800 / {($45,200 + $32,900)/2}] x 100

= [$23,800 / $39,050] x 100

= 60.9%

3 0
3 years ago
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