Question

Question 11 (1 point) Moral hazard is a risk to the insured that excess healthcare services are used because individuals do not bear the full cost of the services provided. True False Question 12 (1 point) Under a cost-based reimbursement system, the payers are billed charges according to a fee schedule called a charge master. True False Question 13 (1 point) The cost associated with the existence of a certain department would be considered indirect costs. True False

Answer 1

Ans) 11) True

Explaination:

- In economics, moral hazard occurs when an individual has an incentive to increase their exposure to risk because they do not bear the full costs of that risk. For example, when a person is insured, they may take on higher risk knowing that their insurance will pay the associated costs.

12) True

Explaination:

- chargemaster (charge description master (CDM))
document that contains a computer-generated list of procedures, service and supplies with charges for each; chargemaster data are entered in the facility's patient accounting system, and charges are automatically posted to the patient's bill.

13) True

Explaination:

- Indirect costs are costs that are not directly accountable to a cost object (such as a particular project, facility, function or product). Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs.