Answer:
Capitation
Fee for service
Explanation:
Bundled payment provide a single payment to hospitals, doctor, physician, and other providers (for home care, lab, medical equipment, etc.) for a defined episode of care. It is described as "a middle channel" between fee-for-service reimbursement (that allows providers to be paid for each service they render to a patient) and Capitation (that allows for providers to be paid a "lump sum" per patient not regarding how many services the patient receives), given the risk is shared between payer and provider. Bundled payments was proposed in the health care reform debate of the United States as a strategy for reducing health care costs, especially during the Obama administration.
Answer:
Total= $13,221.52
Explanation:
Giving the following information:
Deposited $3,200 in an account two years ago and is depositing another $5,000 today.
A final deposit of $3,500 will be made one year from now.
Interest expense= 4.85% compounded annually.
We need to calculate the final value of each deposit using the following formula:
FV= PV*(1+i)^n
First deposit= 3,200*(1.0485^5)= $4,055.01
Second deposit= 5,000*(1.0485^2)= $5,496.76
Third deposit= 3,500*(1.0485)= $3,669.75
Total= $13,221.52
<u>The substitution bias causes an inflation rate calculated using a fixed basket of goods over time to overstate the true rise in the cost of living because it does not take into account that people can substitute away from goods whose prices rise disproportionately.</u>
Explanation:
<u>When the price of a good rises, consumers tend to purchase less of it and to seek out substitutes instead</u>.
<u>On the other hand , if the price of a good falls, people will tend to purchase more of it and not opt for its substitutes</u>
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This concept implies that goods with generally rising prices should tend over time to become less important in the overall basket of goods used to calculate inflation, while goods with falling prices should tend to become more important for the calculation of inflation
The <u>quality/new goods bias</u> causes inflation calculated using a fixed basket of goods over time to overstate the true rise in cost of living <u>because improvements in the quality of existing goods and the invention of new goods are not taken into account.
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