An arrangement in which consumers choose their health-care services while other institutions pay a share of the cost of those services is called a(n) ________ payer system.
A) provider fees
B) insurance premiums
C) third-party
D) catastrophic insurance

Question

Quizplus · Accepted Answer

The definition of a third-party payer system is an arrangement in which consumers choose their health-care services while other institutions pay a share of the cost of those services. This means that a third party, such as an insurance company or government program, is paying for a portion of the healthcare services. Provider fees and insurance premiums are factors within the third-party payer system, but they are not synonymous with the entire system. Catastrophic insurance is a type of insurance plan that provides coverage for major medical expenses only and is not directly related to the question.

An Arrangement in Which Consumers Choose Their Health-Care Services While