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A: The full form of ERISA is the Employee Retirement Income Security Act which was established in the…
Q: Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The…
A: Nonresident Agent — an agent who is authorized in a house in which the person doesn't reside.
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A: Under risk transfer, an individual transfers the potential loss that can be incurred owing to…
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Q: differentiate needs from wants in healthcare
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Q: Why do the government subsidize insurance companies.
A: The subsidy is the process of providing a sum of money by the government to the firm or the…
Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…
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A: A change I would suggest is that the age brackets for reimbursements can be revised. The more…
Q: Explain IMF IN DETAIL
A: IMF stands for International Monetary Fund.
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A: We have to find given question answer.
Q: why is adverse selection important in healthcare insurance markets.
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A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
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Q: dominant cost components of health care.
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A: This statement is false.
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Q: Does CBA guarantee allocative efficiency? Why/why not?
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Q: In health insurance how does coinsurance differ from a deductible?
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Q: what would be the advantages and disadvantages of privatizing medical centers?
A: Privatization refers to the transfer of ownership of a public economic sector, industry, or firm to…
Q: How does the United States fare on quality of care?
A: Answer is given below
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Q: What type of insurance plan does this insured hold ? O. Health Maintenance Organization O.…
A: Health Maintenance Organization is a group health insurance coverage offered by a health maintenance…
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Q: Insurance is basically the transferring of risk from one party to another. A. True B. False The cost…
A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…
Q: Consider a consumer with a medical bill of $1,000. He has a $250 deductible and a 10 percent…
A: Medical bill = $1000 Deductible = $250 The co-insurance rate is 10 percent on all expenses over…
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Q: Is the Social Security system based on the same principles as private insurance? Why or why not?
A: Social insurance is a government program that provides social security and aid from any losses, such…
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A: The provision of transferring the risk of a loss that may arise from any uncertain even is referred…
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A: Insurance companies offer to cover for the risks. The company main aim to minimize the risk of the…
Is Effective payment model a challenge in the healthcare system today
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- Is Healthcare like any other commodityDifferent reimbursement approaches/strategies involve more or less risk for health care providers and for health insurance companies. Which approaches/strategies involve the most risk for health are providers? Which approaches/strategies involve the most risk for health insurance companies? Explain “why” in each of your answers, and make sure you define all relevant terms and conceptsWhat type of insurance plan does this insured hold ? O. Health Maintenance Organization O. Preferred Provider Organization O. Physician Hospital Organization O. Exclusive Provider Organization
- What differentiates for-profit and nonprofit healthcare organizations financially?Recognize adverseselection and summarize the ways in whichit can be reduced.Describe some healthcare situations in which an agent has taken advantage of a principal. Then describe some healthcare transactions that have not taken place because of fears about asymmetric information.