GMAT - Critical Reasoning - Critical Reading
In order to increase your speed of reading, firstly you must practice reading. Make it a habit to read regularly; reading material can include newspaper and magazines like The Economist, Scientific American, The New Yorker, Al Daily etc. These reading material are of GMAT level and hence are suggested. While reading look out for the main point of the entire article and for the purpose of each paragraph. This is called active reading wherein your reading to comprehend the material. This reading exercise will help you to develop a speed and to understand what parts are critical to comprehending the passage and what parts are just details that are not critical to understanding the passage. This exercise will help you to get better at Reading Comprehension and Critical Reasoning.
When it comes to dealing with critical reasoning passages, below is a strategy that you can adopt:
1. Read the question first. This will direct the way you approach the CR passage.
2. Read the passage and determine the role of each line. There are four components of a CR passage - premise, background, assumption, and conclusion.When you mark these components it really helps you to understand the passage.
3. Answer the question in your own words.
4. Match your predicted answer with the answer choices given.
The more you practice the better you will get at answering the questions and understanding the passages.
For more information on this you can attend our Live Classes which are for free and have a look at the following links:
I hope this helps you.
Experts estimate that insurance companies' tardiness in paying doctors for legitimate medical claims adds approximately 10 percent in overhead costs for physicians. Insurance companies counter that the tardiness sometimes results from billing errors made by the doctors themselves. Since dealing with these billing errors costs the insurance companies time and money, it is clear that insurance companies do not have a significant economic incentive to delay claim payments to doctors.
Which of the following pieces of information, if true, weakens the conclusion above?
a) Some doctors who submit accurate bills to insurance companies still receive tardy payments.
b) The cost to the insurance companies to process incorrect bills from doctors' offices is roughly equivalent to the increased costs that physicians accrue as a result of tardy payments from insurance companies.
c) A rising proportion of medical claims submitted by doctors to insurance companies are deemed illegitimate by those insurance companies.
d) The billing errors made by doctors' offices are typically very minor, such as the submission of a claim with an outdated patient home address.
e) The overhead costs incurred by doctors as a result of delayed insurance payments result in an increase in the premiums paid by consumers to health insurance companies that far exceed any increase in the fees paid to doctors by insurance companies.
The conclusion of the passage is that the insurance companies' do not have an economic advantage in delaying doctors medical claims payments. As delaying the payments costs the insurance companies time and money, there is no incentive for the companies for being tardy. We need to choose an answer choice which contrasts this conclusion and shows that the insurance companies indeed have an advantage in delaying the claim payments to doctors.
a) This answer choice doesn't point to insurance companies making a profit, it just shows that the company is tardy even though the claim bills are being submitted on time.
b) This answer choice also does not tell us if the insurance companies are making any profits.
c) This answer choice is irrelevant with regards to the context of the question
d) This answer choice is also irrelevant
e) This is the correct answer choice as it clearly shows that overhead costs that the doctors incur due to delayed claims payments, far exceed the payments that the doctors ultimately get from the insurance company. This indicates that the insurance companies are making profits.