AHIP Exam AHM-530 Topic 3 Question 110 Discussion

Actual exam question for AHIP's AHM-530 exam

Question #: 110
Topic #: 3

In the paragraph below, two statements each contain a pair of terms enclosed in parentheses. Determine which term correctly completes each statement. Then select the answer choice that contains the two terms you have chosen.

A formulary lists the drugs and treatment protocols that are considered to be the preferred therapy for a given managed population. The Fairfax Health Plan uses the type of formulary which covers drugs that are on its preferred list as well as drugs that are not on its preferred list. This information indicates that Fairfax uses the (closed / open) formulary method. In using the formulary approach to pharmacy benefits management, Fairfax most likely experiences (higher / lower) costs for its members' prescription drugs than it would if it did not use a formulary.

Aclosed / higher

Bclosed / lower

Copen / higher

Dopen / lower

Show Suggested Answer

Suggested Answer: D

by Kris at Apr 08, 2025, 08:53 PM

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Kayleigh

28 days ago

Lower costs with the open formulary? Sounds like a win-win to me! Fairfax is really looking out for their members' wallets. Bravo, Fairfax, bravo!

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Elfriede

29 days ago

Closed formulary, huh? That's like a bouncer at a club, only letting in the VIPs. Fairfax is keeping it exclusive, just the way they like it.

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Galen

9 days ago

Fairfax Health Plan uses a closed formulary method.

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Merrilee

1 months ago

Higher costs for members, huh? Well, at least they'll have a wide selection of drugs to choose from with the open formulary. Variety is the spice of life, after all!

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Rodolfo

10 days ago

I think Fairfax Health Plan uses the open formulary method.

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Gilma

2 months ago

Open formulary? Pfft, that's like giving members a free-for-all. Fairfax is playing it smart with the closed approach. Keeps things tidy, you know?

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Reita

5 days ago

Fairfax is being strategic with their approach.

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Alisha

6 days ago

Yeah, open formulary can lead to higher costs for sure.

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Sabrina

12 days ago

I agree, closed formulary is definitely more organized.

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Ivette

2 months ago

I'm not sure about this one. I think it could also be C) open / higher because having more options might lead to higher costs.

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Joseph

2 months ago

I agree with you, Gladys. Using a closed formulary usually results in higher costs for prescription drugs.

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Gladys

2 months ago

I think the answer is A) closed / higher.

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Cyndy

2 months ago

The closed formulary makes sense for Fairfax. It gives them more control over the preferred drugs, even if it means higher costs for members. Gotta keep those costs down, am I right?

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