Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Nov 2017 My Price 5.00

health maintenance organization

A midwestern university has three types of health plans: a health maintenance organization (HMO), a preferred provider organization (PPO), and a traditional fee for service plan (FFS). Experience dictates that people change plans according to the following transition matrix

 

In 2000, the percentages for the three plans were HMO:30 %, PPO:25 %, and FFS:45 %. (a) What will be the percentages for the three plans in 2001? (b) What is the long run fraction choosing each of the three plans?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Nov 2017 10:11 PM My Price 5.00

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