The goal of health insurance is to A. redistribute income from the sick to the healthy....
The goal of health insurance is to A. redistribute income from the sick to the healthy. B. spread risk over a large group of people. C. equally distribute the loss over a large number of people. D. collect sufficient premiums to cover all possible losses. E. equalize the availability of medical care across population groups.
Homework Answers
Ans) the correct option is B. spread risk over a large group of people.
funds are redistributed from the healthy to the sick in order to achieve the goal.
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The goal of health insurance is to A. redistribute income from the sick to the healthy....
health economics and policy how do I calculate the following: if the insurance company must offer...
health economics and policy
how
do I calculate the following: if the insurance company must offer
one plan to all women ages 65 and older, what will be the monthly
premiun per person? and the surplus?
Case Study 2 Suppose that within a given city, women ages 65 and older fall into one of four health categories very healthy, healthy, unhealthy, and very unhealthy. As a part of the new PPACA, the government has mandated that insurance companies must charge...
In the United States there is a large percentage without health insurance. Think about how uninsured...
In the United States there is a large percentage without health insurance. Think about how uninsured individuals in the United States obtain care and how the cost of care may be covered. Please choose one of the groups listed and discuss what incentives would encourage or force members to obtain insurance. Choose one of the following groups: Healthy and Young Sick, Active, and Worried Passive and Unengaged Vulnerable and Unengaged Informed, Healthy, and Educated Mature and Secure Legal immigrant Illegal...
3. Private health insurance Comparison of plans and providers Aa Aa E In the United States,...
3. Private health insurance Comparison of plans and providers Aa Aa E In the United States, private health insurance plans can be written as group or individual plans, or as indemnity or managed care plans. Comparing Private Insurance Plans Lillian is able to secure health insurance because she is a member of her credit union. This is an example of insurance plan. Indemnity, or fee-for-service, plans and managed care plans cover medical expenses if you are sick or injured, but...
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property...
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property and casualty 56. The problem of occurs when those most likely to get large insurance payoffs are the ones who want to purchase insurance the most. (a) asymmetric information (b) moral hazard (c) adverse selection (d) fraudulent behavior 57. To prevent adverse selection, health and life insurance companies may do all the following except (a) charge higher premiums to people with certain pre- existing...
Comparing Private Insurance P Alison purchases health insurance coverage for herself and her spouse. This is...
Comparing Private Insurance P Alison purchases health insurance coverage for herself and her spouse. This is an example of a group urance plan Indemnity, or fee-for-service, plans and managed care plans cover medical expenses if you are sick or injured, but in different ways. The following questions examine the general differences between the two plans. Taking a closer look at how these plans provide coverage will help you begin to customize a health care plan that best suits your requirements....
QUESTION 4 2 pa refers to an undertaking by the government to align and distribute health...
QUESTION 4 2 pa refers to an undertaking by the government to align and distribute health care resources in order to achieve desired health outcomes for all people. a competitive approaches b. Price controls O Peer review d. Health planning QUESTIONS 2 points In the United States, health care is regarded as a right of citizenship and as a primary responsibility of the government True False QUESTION 2 points Insurance is a mechanism for protecting people and organizations against risk...
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B....
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B. It provides incentives for overtreatment C It provides incentives to keep patients healthy D. It has helped to control medical costs 28). All of the followine eroups have higher than average rates of being uninsurd A. Children B. Young adults C. Racial and ethnic minorities D. People with chronic diseases 29). Which of the following statements is false?...
1. Tax-exempt employer-purchased health insurance: decreases the patient's incentive to be concerned about the cost and...
1. Tax-exempt employer-purchased health insurance: decreases the patient's incentive to be concerned about the cost and use of services. is being eliminated by the Affordable Care Act. provides physicians an incentive to be more concerned about their patients' use of services. is also available to those who are self-employed. 2. The individual health insurance market: covers most people who have health insurance. covers a small percentage of people with health insurance. is used by employers for their employees. has been...
In an annual survey of healthcare consumers with health insurance, less than half—46 percent—stated they understand...
In an annual survey of healthcare consumers with health insurance, less than half—46 percent—stated they understand their coverage. Among age groups, young healthcare consumers have the least understanding of their health insurance coverage. By age group, the percentages of those who stated they have a good understanding are: 30 percent of Generation Y 40 percent of Generation X 54 percent of Baby Boomers 58 percent of Seniors (Deloitte Center for Health Solutions 2010, 15) This lack of understanding undermines people...
What are the advantages of the Health First database? What are some concerns about the reliability...
What are the advantages of the Health First database? What are some concerns about the reliability and predictive validity of the Health First data set? Case Study: Central Medical is a multispecialty group practice that has embraced the community-of-practice concept of an ACO. The practice formed an interdisciplinary innovation team to identify how to improve clinical outcomes, maintain a healthy population, increase efficiency, and coordinate care. It comprises 60 physicians and four clinics. Two of the clinics deliver primary care...
health economics and policy
how
do I calculate the following: if the insurance company must offer
one plan to all women ages 65 and older, what will be the monthly
premiun per person? and the surplus?
Case Study 2 Suppose that within a given city, women ages 65 and older fall into one of four health categories very healthy, healthy, unhealthy, and very unhealthy. As a part of the new PPACA, the government has mandated that insurance companies must charge...
3. Private health insurance Comparison of plans and providers Aa Aa E In the United States, private health insurance plans can be written as group or individual plans, or as indemnity or managed care plans. Comparing Private Insurance Plans Lillian is able to secure health insurance because she is a member of her credit union. This is an example of insurance plan. Indemnity, or fee-for-service, plans and managed care plans cover medical expenses if you are sick or injured, but...
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property and casualty 56. The problem of occurs when those most likely to get large insurance payoffs are the ones who want to purchase insurance the most. (a) asymmetric information (b) moral hazard (c) adverse selection (d) fraudulent behavior 57. To prevent adverse selection, health and life insurance companies may do all the following except (a) charge higher premiums to people with certain pre- existing...
Comparing Private Insurance P Alison purchases health insurance coverage for herself and her spouse. This is an example of a group urance plan Indemnity, or fee-for-service, plans and managed care plans cover medical expenses if you are sick or injured, but in different ways. The following questions examine the general differences between the two plans. Taking a closer look at how these plans provide coverage will help you begin to customize a health care plan that best suits your requirements....
QUESTION 4 2 pa refers to an undertaking by the government to align and distribute health care resources in order to achieve desired health outcomes for all people. a competitive approaches b. Price controls O Peer review d. Health planning QUESTIONS 2 points In the United States, health care is regarded as a right of citizenship and as a primary responsibility of the government True False QUESTION 2 points Insurance is a mechanism for protecting people and organizations against risk...
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B. It provides incentives for overtreatment C It provides incentives to keep patients healthy D. It has helped to control medical costs 28). All of the followine eroups have higher than average rates of being uninsurd A. Children B. Young adults C. Racial and ethnic minorities D. People with chronic diseases 29). Which of the following statements is false?...
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