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The two basic approaches that Medicaid uses to contract with health plans are open contracting and selective contracting. One true statement about these approaches to contracting is that:
Suggested Answer: D
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33 comments · newest first
MA
Matthew
11 months ago
Yeah, but I feel like B could be a contender too. Enrollment volume guarantees sound familiar.
CO
Coral
11 months ago
Just to clarify, open contracting does have minimum standards, right?
JU
Justine
12 months ago
Wait, are we sure about that? I thought open contracting had some competitive elements too.
ER
Erick
12 months ago
Totally agree with you, Sheridan! D makes the most sense.
SH
Sheridan
1 year ago
I think D is the right answer! Selective contracting is all about competition.
PI
Pilar
1 year ago
I feel like open contracting is more flexible, but I can't remember if it guarantees enrollment volume like the question suggests.
KI
Kina
1 year ago
I practiced a question similar to this, and I think selective contracting does involve performance standards, but I might be mixing it up.
MA
Maryanne
1 year ago
I remember something about selective contracting needing competitive bids, but I can't recall the specifics.
TY
Ty
1 year ago
I think open contracting is about meeting minimum standards, but I'm not entirely sure if that's the only requirement.
RO
Rory
1 year ago
The key here is understanding the differences between the two approaches. Open contracting is about meeting standards, while selective contracting is about competitive bidding. I'm going to carefully consider each option and eliminate the ones that don't fit.
EV
Eveline
1 year ago
Okay, this seems straightforward. I'm pretty confident that the correct answer is D - selective contracting requires health plans to bid competitively for Medicaid contracts.
EL
Elizabeth
1 year ago
I think I know the difference between open and selective contracting, but I want to make sure I understand the details before I answer this. Let me re-read the question carefully.
TI
Timmy
1 year ago
Hmm, I'm a little unsure about this one. I know open contracting has to do with meeting performance standards, but I can't quite remember how that compares to selective contracting. I'll have to think this through step-by-step.
JO
Jonelle
1 year ago
I'm pretty confident this is true. Product documentation is usually a key part of the working increment.
MA
Mariko
1 year ago
This looks like a tricky one! I'll need to think carefully about the best way to optimize Journey performance with such a large contact count.
ST
Stephen
1 year ago
Key is remembering medical expenses are DIRECT costs of healthcare delivery. That points right to option D - payments to providers.
PH
Phuong
2 years ago
Wait, is Medicaid contracting the new reality TV show? I'd watch that!
CH
Chaya
2 years ago
The open contracting approach sounds a bit too 'open' for my liking. I'd prefer the selective, competitive route.
CH
Cherrie
2 years ago
Competitive bidding can definitely help drive quality and innovation in healthcare.
SE
Selma
2 years ago
I think selective contracting ensures that only the best health plans are chosen.
KA
Karol
2 years ago
I agree, the open contracting approach does seem a bit risky.
SH
Shaun
2 years ago
Haha, Medicaid contracting is like a high-stakes game of 'The Price is Right'! Gotta bid just right to win that contract.
CA
Catarina
2 years ago
I agree with Lynelle. Selective contracting is all about competitive bidding, not just meeting minimum standards.
VI
Vincenza
2 years ago
D) Selective contracting requires health plans to bid competitively for Medicaid contracts
MA
Madelyn
2 years ago
C) Selective contracting requires any health plan that meets the state's performance standards and the federal Medicaid requirements to enter into a Medicaid contract
MI
Milly
2 years ago
B) Open contracting makes it possible for the Medicaid agency to offer enrollment volume guarantees
PR
Precious
2 years ago
A) Open contracting requires health plans to meet minimum performance standards outlined in a state's request for proposal (RFP)
LY
Lynelle
2 years ago
Option D seems the most accurate. Selective contracting requires health plans to bid competitively for Medicaid contracts.
CR
Crista
2 years ago
Selective contracting definitely adds a competitive element to the process.
AN
Annett
2 years ago
I agree, option D is correct. Health plans have to bid competitively for Medicaid contracts.
FR
Francesco
2 years ago
I think both answers could be correct, depending on the specific requirements of the Medicaid agency
ME
Mee
2 years ago
I disagree, I believe the answer is D) Selective contracting requires health plans to bid competitively for Medicaid contracts
KR
Kristine
2 years ago
I think the answer is A) Open contracting requires health plans to meet minimum performance standards outlined in a state's request for proposal (RFP)