AAPC CPB Medical Billing Chapter 1 Intro to Healthcare

AAPC CPB Medical Billing Chapter 1 Intro to Healthcare Stablization Act - 1942 - ANS-1. Wages and price controls were placed on employers 2. Congress limited the wages that could be offered, but allowed the adoption of employee insurance plans Internal Revenue Code - 1954 - ANS-Stated employer contributions to employee health plans were exempt from employee taxable income When was Medicare established? - ANS-1965 Medicare Part A - ANS-The part of the Medicare program that pays for hospitalization, care in a skilled nursing facility, home health care, and hospice care. When are you eligible for medicare? - ANS-Age 65 Medicare Part B - ANS-The part of the Medicare program that pays for physician services, outpatient hospital services, durable medical equipment, and other services and supplies. HMO - ANS-health maintenance organization What was the purpose of health maintenance organization? - ANS-1. To try help try to control healthcare cost 2. Overode state laws that prohibited the establishment of prepaid health plans 3. Required employers with 25 or more employees to offer an HMO option if they furnished healthcare coverage to their employees HIPPAA - ANS-Health Insurance Portability and Accountability Act What did HIPPA provide? - ANS