Match the term with its definition.
-A managed-care network providing health insurance that is less expensive than that of a HMO but more limiting in choices of medical care providers
A)all-risk approach
B)business risk
C)compensatory damages
D)Economic damages
E)health maintenance organization (HMO)
F)market risk
G)named-peril approach
H)peril
I)preferred provider organization (PPO)
J)pure risk

Question

Quizplus · Accepted Answer

An HMO (Health Maintenance Organization) provides health insurance coverage that is typically less expensive than that of a PPO (Preferred Provider Organization), but it limits choices of medical care providers more strictly, requiring members to use a network of doctors and hospitals.

Match the Term with Its Definition