It is currently 13 Dec 2017, 03:28

Decision(s) Day!:

CHAT Rooms | Ross R1 | Kellogg R1 | Darden R1 | Tepper R1


Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The proposed regulation of medical insurance will do little to reduce

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

1 KUDOS received
Moderator
avatar
D
Joined: 21 Jun 2014
Posts: 954

Kudos [?]: 488 [1], given: 113

Location: India
Concentration: General Management, Technology
GMAT 1: 540 Q45 V20
GPA: 2.49
WE: Information Technology (Computer Software)
Premium Member CAT Tests
The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 08 May 2017, 06:30
1
This post received
KUDOS
4
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

74% (01:11) correct 26% (01:44) wrong based on 195 sessions

HideShow timer Statistics

The proposed regulation of medical insurance will do little to reduce health care costs for consumers. Even though the bill limits the amount doctors can charge per regular visit, it doesn't restrict what they can charge for special procedures, nor does it restrict the number of times a doctor can see a patient for the same problem. Therefore, instead of charging the patient once, the doctor can bill the patient several times, and the overall costs will not decrease.

The author's argument against the new legislation is based on:

A) suggesting that special procedures are often done when less expensive procedures would work just as well.

B) pointing out a loophole in the proposed regulation that will permit doctors to continue to charge patients the same amount of money.

C) implying that regulation of the health care industry is impossible.

D) suggesting that patients are unable to determine what appropriate health care costs are for any given medical problem.

E) suggesting that regular office visits are more costly than special procedures.

Source: 800Score
[Reveal] Spoiler: OA

_________________

---------------------------------------------------------------
Target - 720-740
http://gmatclub.com/forum/information-on-new-gmat-esr-report-beta-221111.html
http://gmatclub.com/forum/list-of-one-year-full-time-mba-programs-222103.html

Kudos [?]: 488 [1], given: 113

1 KUDOS received
Manager
Manager
User avatar
S
Status: Gmat lover
Joined: 27 Mar 2017
Posts: 86

Kudos [?]: 8 [1], given: 24

Location: India
Schools: IIMA , IIMA PGPX"18
GMAT 1: 710 Q49 V39
GPA: 3.91
Reviews Badge
The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 08 May 2017, 23:22
1
This post received
KUDOS
:roll:

B seems to be right ..?
Pointing out a loophole in the proposed regulation that will permit doctors to continue to charge patients the same amount of money.


KUDOS :P
_________________

_________________
Rules for posting in verbal Gmat forum, read it before posting anything in verbal forum
Giving me + 1 kudos if my post is valuable with you :)

The more you like my post, the more you share to other's need.

“The great secret of true success, of true happiness, is this: the man or woman who asks for no return, the perfectly unselfish person, is the most successful.”
-Swami Vivekananda

Kudos [?]: 8 [1], given: 24

Manager
Manager
User avatar
B
Joined: 02 Aug 2013
Posts: 64

Kudos [?]: 10 [0], given: 80

Location: India
Concentration: Technology, Leadership
WE: Programming (Consulting)
GMAT ToolKit User
Re: The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 10 May 2017, 23:11
A) suggesting that special procedures are often done when less expensive procedures would work just as well.
Author has indicated the special procedures, which Dr. suggest but there is not comparison / statement given regarding less expensive procedures.

B) pointing out a loophole in the proposed regulation that will permit doctors to continue to charge patients the same amount of money.

This seems more to be a conclusion. Doesn't bridge the gap between bill and general practice by doctors.

C) implying that regulation of the health care industry is impossible.
No such thing is mentioned in statement.

D) suggesting that patients are unable to determine what appropriate health care costs are for any given medical problem.
Yes, this may be one option. Patients can't validate if doctor is suggesting a necessary treatment or not.

E) suggesting that regular office visits are more costly than special procedures.

No, such statement is given in the argument.

IMO: D

Kudos [?]: 10 [0], given: 80

Senior Manager
Senior Manager
User avatar
G
Joined: 19 Oct 2012
Posts: 335

Kudos [?]: 59 [0], given: 103

Location: India
Concentration: General Management, Operations
GMAT 1: 660 Q47 V35
GMAT 2: 710 Q50 V38
GPA: 3.81
WE: Information Technology (Computer Software)
Re: The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 11 May 2017, 09:21
It has been clearly stated that doctors exploit the loop hole of the new policy. Option B rehashes the same point. B should be the answer. It's a defender type of assumption.
_________________

Citius, Altius, Fortius

Kudos [?]: 59 [0], given: 103

BSchool Forum Moderator
User avatar
D
Joined: 26 Feb 2016
Posts: 1698

Kudos [?]: 749 [0], given: 20

Location: India
Concentration: General Management, Leadership
WE: Sales (Retail)
Premium Member CAT Tests
The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 11 May 2017, 10:39
The conclusion from the argument is that instead of charging the patient once,
the doctor can bill the patient several times, and the overall costs will not decrease.


From our initial understanding of the argument, the authors concludes that the patient will not benefit from this new legislation.
The reason for that is that a loophole will enable the doctor to claim similar, if not more fees.

A) suggesting that special procedures are often done when less expensive procedures would work just as well.
This is an irrelevant choice, because the question is not pertaining to any procedure.
It is a generic statement for the money being charged for medical treatment.

B) pointing out a loophole in the proposed regulation that will permit doctors to continue to charge patients the same amount of money.
This in the correct answer.
C) implying that regulation of the health care industry is impossible.
Out of scope.
D) suggesting that patients are unable to determine what appropriate health care costs are for any given medical problem.
Here, the patients knowledge of the cost is not at question. Irrelevant
E) suggesting that regular office visits are more costly than special procedures.
This is an irrelevant comparison, which is never discussed in the argument.
_________________

Stay hungry, Stay foolish

2017-2018 MBA Deadlines

Class of 2020: Rotman Thread | Schulich Thread
Class of 2019: Sauder Thread

Kudos [?]: 749 [0], given: 20

VP
VP
avatar
S
Joined: 12 Dec 2016
Posts: 1343

Kudos [?]: 46 [0], given: 1366

Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
GMAT ToolKit User Premium Member
Re: The proposed regulation of medical insurance will do little to reduce [#permalink]

Show Tags

New post 10 Nov 2017, 18:59
I am not sure whether this question will appear in the actual gmat. This question is not hard at all. Test takers can see from the choices that an assumption question can have such option choices.

Kudos [?]: 46 [0], given: 1366

Re: The proposed regulation of medical insurance will do little to reduce   [#permalink] 10 Nov 2017, 18:59
Display posts from previous: Sort by

The proposed regulation of medical insurance will do little to reduce

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.