A health insurance plan pays for medical care only after the insured has first paid $1,000 out of pocket on an annual basis.The $1,000 annual cost is called
A) first-dollar coverage
B) coinsurance
C) premium
D) deductible
Correct Answer:
Verified
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Q12: The phenomenon called 'moral hazard' results directly
Q13: Self insurance was spurred by
A)employers
B)government policy
C)self-employed people
D)managed
Q14: The Employee Retirement Income Security Act (ERISA),
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A)costs shift from people in
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A)private insurance companies
B)the
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A)premiums are based on risk
Q19: A copayment is generally paid
A)once a year
B)each
Q20: In national health care systems, total expenditures
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