3.Question 3Which of the following does NOT accurately describe the Medicare Fee Schedule?1 pointIt is weighted in part by both the work a physician puts into a given procedure as well as the risk a physician undertakes in doing that procedureIt is updated from time to timeIt was developed by private insurance companiesDetails about it are available for public use
Question
3.Question 3Which of the following does NOT accurately describe the Medicare Fee Schedule?1 pointIt is weighted in part by both the work a physician puts into a given procedure as well as the risk a physician undertakes in doing that procedureIt is updated from time to timeIt was developed by private insurance companiesDetails about it are available for public use
Solution
The statement that does NOT accurately describe the Medicare Fee Schedule is "It was developed by private insurance companies". The Medicare Fee Schedule is a list of fees that Medicare uses to pay doctors or other providers/suppliers. It was developed by the Centers for Medicare & Medicaid Services (CMS), a federal agency within the United States Department of Health and Human Services (HHS), not by private insurance companies.
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