Q: rice she a
A: Given : Consumer Demand : Q = 100 – PP PL = $70
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A: The given statement is false.
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A: The given statement is true.
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A: The given statement is false.
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A: True, because Bismarck companies are frequently making policies to contest risk selection.
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A: False
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A: False, because the country IR and SW have their universal insurance system since 1990.
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A:
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A: False
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A: TRUE.
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Indicate whether the statement is true or false, and justify your answer.
Patients are charged premiums based on their risk rating.
The patients charged based on the community rated plans on their risk. Not based on the premium.
Step by step
Solved in 2 steps
- Indicate whether the statement is true or false, and justify your answer.Even though it is illegal for sickness funds to deny coverage to individuals, insurers still often engage in risk selection.Indicate whether the statement is true, false, or unclear, and justify your answer.The fact that high-risk customers are usually less risk-averse than low-risk customers helps counteract adverse selection.Indicate whether the statement is true, false, or unclear, and justify your answer.In some markets, adverse selection develops over time as customers learn about their own risk levels.
- Indicate whether the statement is true or false, and justify your answer.To date, no major health insurance experiment has studied the impact of uninsurance, just different levels of insurance.Indicate whether each statement is true or false, and justify your answer.Insurance mandates do little to combat the problem of adverse selection.Indicate whether the statement is true or false, and justify your answer.In an actuarially fair insurance contract, the insurance premium equals the probability of sickness times the payout amount.
- Indicate whether each statement is true or false, and justify your answer.If a medical screening technique is perfect at detecting a disease before it develops and is able to prevent the disease from occurring, it must be cost-effective.Indicate whether the statement is true or false, and justify your answer.Risk-averse individuals have a concave value function for prospective gains and a convex value function for prospective losses.Indicate whether the statement is true, false, or unclear, and justify your answer.If a health insurance company could somehow monitor everything a customer does and thinks, it could create a full-insurance contract with no moral hazard.
- Indicate whether the statement is true or false, and justify your answer.Insurance represents a transfer of wealth from healthy states to sick states.Indicate whether each statement is true or false, and justify your answer.Health systems focused on promoting equity typically have purely private insurance markets.Indicate whether the statement is true, false, or unclear, and justify your answer.Besides the common practice of charging copayments, health insurers have no successful strategies for combating moral hazard.