Which one of the following legislative acts was directed at controlling costs by creating the prospective payment system?

Question

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The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) included provisions to control rising healthcare costs by creating the prospective payment system for Medicare reimbursement of hospital services. This system established predetermined payment amounts for specific treatments and procedures, regardless of the actual cost incurred by the hospital.

Which One of the Following Legislative Acts Was Directed at Controlling