Which of the following is FALSE regarding Accountable Care Organizations (ACOs)?1 pointAn ACO is an entity that works to integrate and coordinate care by involving a range of physicians who work together but are not necessarily financially integratedWhen interfacing with intermediaries, the ACO can act on behalf of the participating providersThe ACO concept was originally devised by private insurance companies as a way to decrease costs for their membersLarger organizations can be better suited to ACO adoption because they can often more easily provide for a wide range of care and manage payment arrangements that can incentivize efficient care16.Question 16Which of the following correctly matches a cost sharing/OOP spending tool to an example of it?1 pointDeductible- A person has to pay $25 for each doctor visit and insurance will cover the rest. Out-of-pocket maximum (OOP)- After a person’s out-of-pocket spending reaches $3,000 in a calendar year, the insurer will pay all the remaining costs in full. Copayment- A person must pay 30% of medical expenses and insurance will pay the other 70%.Coinsurance- A person pays for the first $500 of health spending and then insuranc

Which of the following is FALSE regarding Accountable Care Organizations (ACOs)?1 pointAn ACO is an entity that works to integrate and coordinate care by involving a range of physicians who work together but are not necessarily financially integratedWhen interfacing with intermediaries, the ACO can act on behalf of the participating providersThe ACO concept was originally devised by private insurance companies as a way to decrease costs for their membersLarger organizations can be better suited to ACO adoption because they can often more easily provide for a wide range of care and manage payment arrangements that can incentivize efficient care16.Question 16Which of the following correctly matches a cost sharing/OOP spending tool to an example of it?1 pointDeductible- A person has to pay $25 for each doctor visit and insurance will cover the rest. Out-of-pocket maximum (OOP)- After a person’s out-of-pocket spending reaches$3,000 in a calendar year, the insurer will pay all the remaining costs in full. Copayment- A person must pay 30% of medical expenses and insurance will pay the other 70%.Coinsurance- A person pays for the first $500 of health spending and then insuranc