rowth in health care spending
Not what you're looking for?
One method commonly used by both governments and private health insurers to control the growth in health care spending are limits to reimbursement to providers. How can these limits to reimbursement be viewed as the exercise of monopsony power? To prevent health care providers from prescribing more services it is often common to limit approval of services to health care recipients. How is this practice affecting recipients of Medicaid and Medicare?
Purchase this Solution
Solution Summary
rowth in health care spending is discussed in great detail in this solution.
Solution Preview
Governments, Private Health Insurers, Reimbursements and Medicare and Medicaid
Master's Level:
One method commonly used by both governments and private health insurers to control the growth in health care spending are limits to reimbursement to providers. How can these limits to reimbursement be viewed as the exercise of monopsony power? To prevent health care providers from prescribing more services it is often common to limit approval of services to health care recipients. How is this practice affecting recipients of Medicaid and Medicare?
Yes these limits can be viewed as exercise of monopsony power. Monopsony is a situation in the market where only one buyer faces many sellers. The point is that in a monopsony the buyer may dictate terms to its suppliers. In this case, the government imposes limits on amounts reimbursed to providers that are consistent with "economy and efficiency" The excuse given by the government is that in some states these revenues are being used to subsidize health care operations that have nothing to do with Medicaid. The single payer ...
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Introduction to Finance
This quiz test introductory finance topics.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.