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Elenna [48]
3 years ago
15

Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure

has a cost of $100, yet a person with health insurance pays only $20 out of pocket. Her insurance company pays the remaining $80 (The insurance company recoups the $80 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undertake)
Business
1 answer:
solmaris [256]3 years ago
3 0

When there is an insurance policy, the <em>consumer</em> pays only $20.

From the complete question, the typical <em>medical</em> procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket.

If the cost of each procedure to the society is $100, and if the individuals have health insurance as described, the number of the procedures performed will be <u>greater </u>than the number that will maximize the total surplus. Also, economists often blame<u> less</u> insurance system for excessive use of medical care.

Read related link on:

brainly.com/question/25046487

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If a perfectly competitive firm finds that price is less than average variable cost, it should: shut down immediately. increase
Musya8 [376]

Answer: It should shot down immediately.

Explanation:

If the market price is equal to average cost at the profit-maximizing level of output, then the firm is making zero profits. If the market price that a perfectly competitive firm faces is below average variable cost at the profit-maximizing quantity of output, then the firm should shut down operations immediately.

4 0
3 years ago
During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo
olchik [2.2K]

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

7 0
3 years ago
An agreement that requires employees to settle disputes with their employer using arbitration instead of a lawsuit is known as
Reil [10]

Answer:

An arbitration agreement is a contract in which you and your employer agree that certain disputes will be decided in arbitration, not litigation. When you sign a binding arbitration agreement, you are giving up your right to go to court.

Explanation:

6 0
2 years ago
A form that contains charges, DOS, CPT codes, ICD codes, fees, and copayment information is called which of the following?
vlada-n [284]

Answer: <em>Option (a) is correct.</em>

Encounter Forms are referred to as printed forms which are utilized to record the charges, which are associated with a patient visit along with other useful information that is further required in order to bill insurance organizations. It also contains DOS, International Classification of Diseases, Current Procedural Terminology codes. These help to save time and record all charges from patient visits.

5 0
3 years ago
Recently, Raj switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Raj recog
Natali5045456 [20]

According to Maslow's hierachy of needs, the most important hierarchy for Raj is esteem, which symbolizes the individual's desire to be valued by himself and others in society and the workplace.

Maslow developed the pyramid of the hierarchy of human needs, with the aim of explaining how individuals are moved to take actions to meet their needs according to a pre-established order.

The pyramid of needs is divided into five parts, and comprises the most basic needs, which are biological, to the most complex, which are psychological needs. Are the:

  1. Physiological needs.
  2. Safety needs.
  3. Love and belonging.
  4. Esteem.
  5. Self-actualization.

Therefore, Raj finds himself in the esteem stage, where he is looking for respect, status and recognition. When his esteem needs are met, he will move into the self-actualization hierarchy, where he will demonstrate greater creativity, talent, and personal development.

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6 0
3 years ago
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