When are individuals likely to participate in voluntary insurance markets? Why?
Ans) The Health Insurance Marketplace (also known as the “Marketplace” or “exchange”) provides health plan shopping and enrollment services through websites, call centers, and in-person help.
- Premium tax credits and other savings that make insurance more affordable
- Coverage through the Medicaid and Children’s Health Insurance Program (CHIP) in your state.
● Employers are looking to provide employees with these benefits
as a mechanism to control increasing company healthcare costs.
Employers want to stay competitive
with other employers who offer these benefits.
There is a general push to consumer driven benefits and consumer
choice This means employers have expectations that insurers will be
able to provide Voluntary Worksite benefits.
● Through Voluntary Worksite Benefits, insurers get to work
directly with the individuals and allows them targeted marketing
opportunities.
● The persistence of policies as they can be carried over by
employemployees to their new jobs makes them attractive to
insurers.
When are individuals likely to participate in voluntary insurance markets? Why?
Under what social and economic conditions are markets likely to fail? When is there likely to be government failure? Is macroeconomic inefficiency (for example, a high level of unemployment and underemployment) due to market failure or government failure? Please explain thoroughly in at least one paragraph.
In competitive markets, people who have systemic biases are likely to: increase over time. exit the market over time or adjust their behaviours. have a comparative advantage over their rational counterparts. never enter markets and participate in them.
An insurance company decides to offer individuals insurance against losing their jobs. What problems is it likely to encounter. (Risk management course)
The problem of ________________ in insurance markets is that insurance companies are unable to ______________ . Question 8 options: adverse selection; differentiate those with low and high risks reducing moral hazards; sell insurance in unregulated markets adverse selection; find mechanisms to reduce moral hazards adverse selection; sell insurance in unregulated markets
Why do you think individuals with lower levels of income are more likely to become compulsive gamblers than those with higher levels of income?
18) Governments are likely to borrow funds from the financial markets by A. selling bonds when there is a budget surplus. B. selling bonds when there is a trade surplus. C. selling bonds when there is a budget deficit. D. buying bonds when there is a trade deficit. ОА OB O D • С
Describe Medicare Part A Hospital Insurance. Describe Medicare Part B Voluntary medical insurance. Describe Medicare Part C Medicare Advantage Plans.
Briefly describe the three general categories into which private or voluntary insurance may be divided.
Are the same fringe benefits that are available to employees also available to sell employed individuals? OA There are very few fringe benefits available to employees and of those few one are available to self-employed individuals. One abonare able to enjoy is groupemeinsurance O . Most fringe benefits are tax avored for employees and for e mployed individuals. A few items that employees and self employed individuals may participate in are entertainment, travel and group termite insurance OC. There are...
Jessica needs liquidity, so when she trades securities she likes to participate in a transparent market. Stephan is not as concerned with liquidity and he is less concerned about transparency. Which markets should Jessica and Stephan participate in? A : Jessica should participate in the primary bond market, and Stephan should participate in the government bond market. B : Jessica should participate in the corporate stock market, and Stephan should participate in the secondary bond market. C : Jessica should...