Question 1 Do Healthcare providers set fee schedule? True False Question 2 Healthcare providers set payment...
Question 1 Do Healthcare providers set fee schedule? True False
Question 2 Healthcare providers set payment rates? True False
Question 3 Today healthcare providers are considered price takers? True False
Question 4 Payment rates will have no impact on supply of physicians? True False
Question 5 To offset lower reimbursement rates, physicians and medical facilities increase the amount of services they provide.? True False
Homework Answers
Answer(1): True, Healthcare providers are free to set fees at whatever reasonable level. These fees are generally set higher than the contracted rate.
Answer(2): False, Healthcare providers do not set the payment rates. Payment rates are set by Governmental insurers.
Answer(3): True, Healthcare providers are price takers, they have to accept the prices, whether low or high by marketplace.
Answer(4): False, Payment rates have impact on supply of physician, when payment rate is higher, number of physicians are higher and vice versa.
Answer(5): True, Physicians and medical facilities increase the amount of services they provide to offset the lower reimbursement rates.
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Question 1 Do Healthcare providers set fee schedule? True
False
Question 2 Healthcare providers set payment...
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