Questions: Third-party payers often adopt payment systems and fee schedules after has implemented them.

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.
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Solution

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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.

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