Which of the following statements about the "resource-based relative value" used by Medicare is correct?
Select Your Answer:
The RBRVS is supposed to help manage the rising cost of healthcare, but there is no evidence that it works.
The RBRVS computes a set fee plan for services in advance.
RBRVS is based on an economic theory of "objective value" such that by knowing economic inputs one can determine the value of economic outputs.
Objective value economic theories, like the labor theory of value, have been, with this exception, largely discarded by economists since the marginal (subjective) theory of value developed in the 1870s.
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Adult Lab Normals
Pediatric Lab Normals
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