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 Read more Less More
Use following information to calculate Financial Leverage (FLEV) for Walmart for 2011:WalmartINCOME STATEMENT20102011TOTAL REVENUE421,849OPERATING EXPENSES396,307OPERATIN...
Sep 08 2020Describe condition that cause a higher than -normal skin temperature and lower than normal skin temperature?
Apr 15 2020During the period 1920-1950, what changes in the United States contributed to the shift from aproduction orientation to a sales orientation?
Nov 10 2017Direct Method [LO10]Ignatius College has provided the following data to be used in its service department cost allocations:Required:Using the direct method, allocate the ...
Jun 27 2020Joan Messineo borrowed $15,000 at a 14 percent annual interest rate to be repaid over three years. The loan is amortized into three equal annual end-of-year payments.a. C...
Mar 30 2020The stray capacitance between conductors 1 and 2 in the Fig. below is 50 pF. Each conductor has a capacitance to ground of 150 pF. Conductor 1 has a 10V ac signal at a fr...
Jul 16 2020What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 97 3/8 percent of its face value and ...
May 18 2020A log broker carries 60 species of wood; 20 are softwoods, 40 are hardwoods. If a buyer randomly selects five species, find the following probabilities:· P (2 softwoods, ...
Apr 23 2020Deciding to accept or reject an engagement requires careful consideration of the case’s risks and rewards.a. Trueb. False2. Which of the following is not a primary factor...
Mar 14 2020Mini-case:Emily Dao, 27, just received a promotion at work that increased her annual salary to $74,000. In addition to standard compulsory employer superannuation, she is...
May 22 2020Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.