One typical difference between a for-profit health plan's board of directors and a not-for-profit health plan's board of directors is that the directors in a for-profit health plan
A) Can serve on the board for a period of no more than ten years, whereas the terms of service for a not-for-profit board's directors are usually unlimited by the director's age or by a preset maximum number of years of service
B) Must participate in raising capital for the health plan, whereas a not-for-profit board's directors are prohibited from participating directly in raising capital for the health plan
C) Are directly accountable to shareholders, whereas a not-for-profit board's directors are accountable to plan members and the community
D) Are not compensated for board participation, whereas a not-for-profit board's directors are compensated for board participation
Correct Answer:
Verified
Q22: Health maintenance organizations (HMOs) seeking federal qualification
Q23: In the paragraph below, a statement contains
Q24: Congress enacted three clauses relating to the
Q25: Arthur Dace, a plan member of the
Q26: From the following answer choices, choose the
Q28: There are several exceptions to the Ethics
Q29: The following statements are about various provisions
Q30: Arthur Dace, a plan member of the
Q31: There are several approaches to the interagency
Q32: States may impose nominal deductibles, coinsurance, or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents