Home / Questions / Insurance policies in which each firm pays a different price for medical insurance depend
Insurance policies in which each firm pays a different price for medical insurance depending upon the past medical bills of the firm's employees are based upon a(n):
A) experience rating.
B) community rating.
C) asymmetric information rating.
D) adverse selection rating.
18) Experience ratings provide firms with an incentive to:
A) hire older workers.
B) invest in health and safety programs.
C) hire disabled workers.
D) none of the above
19) Experience ratings provide firms with an incentive NOT to:
A) hire older workers.
B) invest in health and safety programs.
C) hire disabled workers.
D) both A and C
20) Assume that an insurance company sets a single price for insurance equal to the total medical bills paid by the insurance company divided by the number of its customers. If it pays medical bills of $5,000 for half of its customers and $9,000 for the other half of its customers, the price of insurance will be:
A) $5,000.
B) $6,000.
C) $7,000.
D) $9,000.
21) Relative to people who are eligible for group health insurance, individuals who are not covered by a group health insurance plan tend to pay:
A) more for health insurance regardless of their health condition.
B) more for health insurance if they are unhealthy and less for health insurance if they are healthy.
C) less for health insurance regardless of their health condition.
D) less for health insurance if they are unhealthy and more for health insurance if they are healthy.
22) In the U.S. health care market, the uninsured typically receive health care for:
A) emergencies, but not for preventative care.
B) preventative care, but not for emergencies.
C) both emergencies and preventative care.
D) neither emergencies nor preventative care.
Dec 07 2019 View more View Less
Classify the following laws as substantive or procedural:A law that requires public schools to hold a hearing before a student is expelled.
Aug 11 2021Select a stock that you may want to purchase.1. General Electric2. Johnson & Johnson3. Microsoft1. If you use the Internet, you can go to the company's Web site, where yo...
Jul 30 2021Thickness. a) Calculate the 1000-500 hPa thickness for isothermal conditions with temperatures of 273 K and 250 K. b) Estimate the 1000-500 hPa thickness for an atmospher...
Jun 19 2020The most recent balance sheet of Raconteurs, Inc. (in millions) is as follows: Current assets Cash and marketable securities .......... $ 10 Accounts receivable ..........
May 23 2020Possible net present values and associated probabilities for a new investment are as follows:NPV -1020990 90 450 550 900Probability .15 .30 .20 .10 .10 .15What is the exp...
Aug 02 2021find the function y(x) satisfying dy/dx=8x-3 and y(2)=0y(x)=?
Aug 23 2021if an investor decided to take projects with a payback period two years or less, which of these projects would he take? Show transcribed image textvestment A: par: 0 ash...
Aug 13 2020Design a passive RC high-pass filter with a cutoff frequency of 500 Hz using a 220pF capacitor. a) What is the cutoff frequency in rad/s? b) What is the value of the resi...
Jul 26 2020Suppose you bought 250 shares of stock at an initial price of $48 per share. The stock paid a dividend of $.48 per share during the following year, and the share price at...
Jun 26 2021A wholly owned subsidiary of Ward Inc. has certain expense accounts for the year ended December 31, 2014, stated in local currency units (LCU) as follows:Assume that the ...
May 24 2020