Final answer:
CMS introduced documentation guidelines to ensure Medicare services are medically necessary, ACA implemented cost control measures in healthcare.
Explanation:
CMS (Centers for Medicare & Medicaid Services) introduced documentation guidelines to Medicare carriers to ensure that services paid for were provided and medically necessary. This initiative aimed to improve the quality of healthcare services provided to older adults.
Moral hazard and Adverse selection are two key concepts in healthcare economics that relate to issues such as overutilization of healthcare services and the selection of insurance plans based on individual risk.
The Patient Protection and Affordable Care Act (ACA) implemented regulations to control healthcare costs, including measures like capping administrative expenses and requiring the adoption of electronic medical records (EMRs).
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