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Using the example of Table 6-2, assume that the average cost has umped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300

Using the example of Table 6-2, assume that the average cost has umped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 16RQ: What is the key difference between a fee-for-service healthcare system and a system based on health...
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Managed Care # 2 (pay 80% of charges) Uninsured (pay 10% of charges) Total all payers Desired net income 100 100 1,000 $5,000
Transcribed Image Text:Managed Care # 2 (pay 80% of charges) Uninsured (pay 10% of charges) Total all payers Desired net income 100 100 1,000 $5,000
Using the example of Table 6-2, assume that the average cost has jumped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300
Transcribed Image Text:Using the example of Table 6-2, assume that the average cost has jumped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300
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