Global budgets coupled with price ceilings can control, Ask an Expert

Economics

Global budgets coupled with price ceilings can control total spending as long as

The price ceilings are negotiated in good faith.

Utilization of services does not increase significantly.

Providers cooperate by only providing "medically-necessary" services.

Patients are needed to pay some of the expenses out-of-pocket.

None of the above

Global budgets can never work to control spending.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225849

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