The goal of health insurance is to
A) redistribute income from the sick to the healthy.
B) spread risk over a large group of people.
C) equally distribute the probability of loss over a large number of people.
D) collect sufficient premiums to cover all possible losses.
E) equalize the availability of medical care across population groups.
Correct Answer:
Verified
Q2: One result of asymmetric information in health
Q3: Insurers try to minimize moral hazard by
A)
Q4: Premiums based on experience ratings
A) are uniform
Q5: Many individuals without health insurance receive "free"
Q6: Firms self-insure to
A) save money on premiums.
B)
Q8: Analysts cite figures on the number of
Q9: The highest incidence of those without health
Q10: Moral hazard and adverse selection are both
Q11: A group of 100 people seek out
Q12: Indemnity insurance
A) reimburses for certain types of
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