Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. How many more lives will be saved if this new technology is introduced? a) 9,000 b) 900 c) 420 d) 90 7. How much

6. How many more lives will be saved if this new technology is introduced? a) 9,000 b) 900 c) 420 d) 90

7. How much will the annual medical spending on open heart surgeries increase if this new technology is adopted by all hospitals in the country? a) $10,500,000 b) $1,050,000 c) $294,000 d) $63,000

8. What will be the cost of saving every one of those extra lives (from question 6) ? a) $6,300,000 b) $116,667 c) $630,000 d) $11,667 e) $1,167

9. Based on your answer in previous question, do you think this technology is worth adopting? a) yes b) no c) not enough information to answer ------------------------------------end of questions referring to the Situation 2. ------------------

10. All of the following are examples of substituting cheaper forms of care for more expensive ones, except a) prescribing a generic (vs. brand name) medication. b) recommending chiropractic care instead of back surgery. c) authorizing outpatient vs. inpatient surgery. d) recommending nursing home care vs. hip replacement surgery. e) using a physician assistant (vs. doctor) to see patients with uncomplicated health issues.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Data Analytics For Accounting

Authors: Author

2nd Edition

1264152000, 9781264152001

More Books

Students also viewed these Accounting questions