Health Care Finance

Points available = 35 Name ___________________________________

Please answer each question thoroughly. Once you have finished answering the questions, please upload under Chapter 3 assignment link. Your answers will be graded using the grading rubric below.

1. What purpose does copays and coinsurance serve?

2. Briefly explain what are the origins and purpose of Medicare?

3. What is Medicaid, and how is it administered?

4. Briefly describe the coding systems for diseases (diagnoses) and procedures.

5. Explain the difference between MCOs and ACOs.