Question

Reformers point to the fact that Medicare operates with lower administrative overhead costs as evidence that...

Reformers point to the fact that Medicare operates with lower administrative overhead costs as evidence that commercial insurers (such as United, Aetna, Anthem) are wasteful and inefficient. What accounts for that additional spending? Is that a good thing or bad?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Medicare is a form of social security scheme where the health expenditure of individuals is subsidized or paid for by the aut

Add a comment
Know the answer?
Add Answer to:
Reformers point to the fact that Medicare operates with lower administrative overhead costs as evidence that...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Create These budgets: -selling and administrative expense budget -cash budget include a schedule of cash collections...

    Create These budgets: -selling and administrative expense budget -cash budget include a schedule of cash collections and payments -finished goods inventory calculation Then, Create the following schedules, financial statements, and calculations A) Pro forma cost of goods manufactured B) Pro forma Cost of goods sold- both financial and variable cost basis C) Pro forma income statement (financial basis) D) Pro forma balance sheet E)Pro forma Income statement (variable cost basis) F) Pro forma statement of retained earnings G) breakeven analysis:...

  • Hongren's Cost Accounting, chapter 9, problem 23E If the first two years, the company produced and...

    Hongren's Cost Accounting, chapter 9, problem 23E If the first two years, the company produced and sold the same number. Therefore no ending inventory. There was equal profit in both years. However, in the third year, production was the same as the first 2 years. However, sales was lower, 10%. We had ending inventory now. The profit was lower in amount. Would this make sense? Smart Safety, a three-year-old company, has been producing and selling a single type of bicycle...

  • Once upon a time American physicians had it all. Overcoming modest beginnings, internal divisions, and myriad...

    Once upon a time American physicians had it all. Overcoming modest beginnings, internal divisions, and myriad rivals, during the 20th century doctors in the United States achieved “professional sovereignty” (Starr 1982). They secured extraordinary levels of clinical and financial autonomy, as well as social prestige and public deference, and through the American Medical Association (AMA) exerted substantial political influence over health policy making. Organized medicine had a crucial role in shaping the major institutions of American health care, including private...

  • General Instrumentation Corporation manufactures dashboard instruments for heavy construction equipment. The firm is based in Baltimore,...

    General Instrumentation Corporation manufactures dashboard instruments for heavy construction equipment. The firm is based in Baltimore, but operates several divisions in the United States, Canada, and Europe. The Hudson Bay Division manufactures complex electrical panels that are used in a variety of the firm's instruments. There are two basic types of panels. The high-density panel (HDP) is capable of many functions and is used in the most sophisticated instruments, such as tachometers and pressure gauges. The low-density panel (LDP) is...

  • FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President...

    FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...

  • Sabrina Hoffman is founder and CEO of Golden Care, Inc., which owns and operates several assisted-living...

    Sabrina Hoffman is founder and CEO of Golden Care, Inc., which owns and operates several assisted-living facilities. The facilities are apartment-style buildings with 25 to 30 one- or two-bedroom apartments. While each apartment has its own complete kitchen, in every building Golden Care offers communal dining options and an on-site nurse who is available 24 hours a day. Residents can choose monthly meal options that include one or two meals per day in the dining room. Residents who require nursing...

  • ARE MY ANSWERS CORRECT? 25 questions 1. what an A/R aging analysis is, its purpose, and...

    ARE MY ANSWERS CORRECT? 25 questions 1. what an A/R aging analysis is, its purpose, and how it is created. Used to estimate amount needed in Allowance for Bad Debts Account (a contra account) A/R Days Outstanding 0-30           31-60               61-90               Over 90 Under each term list all A/Rs that are not paid by date Use historical experience to estimate the percentage of A/R for each date period to determine allowance for Bad Debts What the three major cost components are...

  • Grading Obamacare: Successes, Failures and ‘Incompletes’ We’ve updated this article with the news that Republicans abandoned...

    Grading Obamacare: Successes, Failures and ‘Incompletes’ We’ve updated this article with the news that Republicans abandoned a vote to repeal the Affordable Care Act. As House Speaker Paul Ryan acknowledged, Obamacare is still “the law of the land.” Did Obamacare work? It’s worth reflecting upon after President Trump and House Republicans failed on Friday to repeal and replace the “disaster” of Obamacare. Ever since the Affordable Care Act was passed in 2010, it has been so contentious that it can...

  • Volkswagen's Hedging Strategy 1. Why did Volkswagen suffer a 95% drop in its 4th quarter, 2003 pr...

    Volkswagen's Hedging Strategy 1. Why did Volkswagen suffer a 95% drop in its 4th quarter, 2003 profits? 2. Do you think the Volkswagen’s decision to hedge only 30% of its anticipated U.S. sales was a good? Why or why not? 3. Do you think the Volkswagen’s decision to revert back to hedging 70% of its foreign currency exposure was a good decision? Why or why not? Embraer and the Wild Ride of the Brazilian Real 4. Is a decline in...

  • 1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the...

    1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the cost of a TAH (non-oncology) under each of the cost accounting systems? A tuboplasty? A TAH (oncology)? What accounts for the differences? Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT