Final answer:
Providers who accept Medicaid are reimbursed for the services they provide, but the payment is typically partial and not the full rate they would bill. Accepting Medicaid means accepting the program's determined payment rates for services, which are usually lower than other forms of insurance. Options 2 and 4.
Step-by-step explanation:
When providers agree to accept payment from Medicaid as payment in full for services, it means that providers are reimbursed by Medicaid for the services provided.
This reimbursement, however, is typically a partial payment, not the full payment amount initially billed for the services.
Essentially, providers agree to the amount that Medicaid is willing to pay for a particular service, which is usually less than what might be charged to patients with private insurance or those who are self-paying.
A critical point to understand is that when agreeing to accept Medicaid, providers are not foregoing payment entirely; they do receive compensation, albeit often at a lower rate than other forms of insurance.
This system is in contrast to a fee-for-service model where reimbursement is more closely aligned with the actual cost of services provided.
Hence, the right answer is options 2 and 4.