The answer is cost benefit analysis.
Cost-benefit analysis, also known as benefit-cost analysis, is a methodical process for determining the advantages and disadvantages of potential solutions.
What is cost benefit analysis?
- Comparing expected or estimated costs and benefits (or opportunities) connected with a project choice in order to assess if it makes sense from a business perspective is the process of a cost-benefit analysis.
- A CBA can be used to compare completed or potential courses of action and to estimate or evaluate the value against the cost of a decision, project, or policy.
- It is used to decide which options provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements.
- It is frequently used to assess commercial deals, project investments, and judgments about business or policy (especially public policy). Consider the U.S.
- Before enacting laws or deregulating existing ones, the Securities and Exchange Commission must perform cost-benefit analyses.
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Answer:
I do not understand but I would think because of the background story
<u>About Original Fee-for-Service (FFS) Medicare:</u>
The original Fee-for-Service (FFS) Medicare is Medicare service where government will pay directly for the health care service.
The Medicare is health scheme which is available for people living in the United States and who going to attain at the age of 60 years. For those people who want to enroll must enroll three months before their 60th birthday in this scheme.
This scheme is also called as traditional Medicare scheme or original fee-for-service health scheme.
Under this scheme you can visit any doctor or hospital anywhere in America who accepts Medicare scheme. The federal health department will pay the bill for the service rendered by the hospital.
