Which statements, made by a nursing student, would the faculty interpret as a good understanding of the role of third-party payers in healthcare financing? Select all that apply.

Question

Quizplus · Accepted Answer

1. This is a true statement regarding the third-party payer system. This power can be misused or can be misinterpreted by the insured.
2. When individuals decide to join an insurance plan, they put a specific amount of money into the pool or the insurance fund. The third-party payer is responsible for managing and administering this money.
3. The financial risk for healthcare is carried by the patients, the providers, and the third-party payers.
4. The third-party payer is the organization that pays or underwrites coverage for healthcare for another business or entity.
5. These strategies have been developed for this very purpose.

Which Statements, Made by a Nursing Student, Would the Faculty