Solved

Nick Works for a Law Firm,which Provides Privately Purchased Health

Question 33

Multiple Choice

Nick works for a law firm,which provides privately purchased health insurance for him.After leaving his pharmacist's office,Nick looks at his receipt and sees that his new medication cost $100.His insurance company paid $85,while Nick paid $15 out of pocket.Did the federal government affect the price of this medication?


A) No, because Nick's insurance is privately purchased by his employer.
B) No, because the insurance company negotiates prices with the pharmacy.
C) No, but it will be after health care reform takes effect.
D) Yes, through the Medicare reimbursement rate.
E) Yes, through federally mandated pricing tiers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents