Question

A patient must be made aware of their financial responsibility before any services are rendered.

Select one:
a) True
b) False

Answer 1

The statement regarding patient awareness of financial responsibility before service delivery is true. This ensures transparency in healthcare financing, whether it's fee-for-service or within an HMO.

Step-by-step explanation:

The statement “A patient must be made aware of their financial responsibility before any services are rendered” is true. It is essential for patients to understand their financial responsibility in a healthcare setting prior to the delivery of services. This principle ensures transparency and avoids confusion or disputes over payment after services have been provided. In a fee-for-service health financing system, such clarity is particularly important. Healthcare providers, whether in a fee-for-service system or part of a Health Maintenance Organization (HMO), need to communicate effectively with patients about costs. Furthermore, understanding the financial responsibility is also crucial to mitigate issues related to adverse selection and moral hazard in insurance markets.

Answer 2

It is true that a patient must be aware