Questions: Third-party payers often adopt payment systems and fee schedules after has implemented them.
Transcript text: Third-party payers often adopt payment systems and fee schedules after $\square$ has implemented them.
Solution
Answer
The answer is Medicare.
Explanation
Option 1: Medicare
Medicare is a federal health insurance program in the United States primarily for people aged 65 and older, but also for some younger individuals with disabilities. It is often a trendsetter in the healthcare industry, implementing new payment systems and fee schedules that other third-party payers, such as private insurance companies, often adopt later. This is because Medicare's policies can significantly influence the healthcare market due to its large size and regulatory power.
Option 2: Medicaid
While Medicaid is another major government program, it is state-administered and often follows federal guidelines. However, it is not typically the primary source of new payment systems that third-party payers adopt.
Option 3: Private Insurance
Private insurance companies may develop their own payment systems, but they often look to Medicare for established models due to its comprehensive data and influence.
Option 4: The Veterans Health Administration
The Veterans Health Administration (VHA) provides healthcare services to eligible military veterans. While it has its own systems, it does not typically set trends for third-party payers in the broader healthcare market.