The ability of a health plan to effectively perform the rating and underwriting functions has become critical to the plan's success. In developing its pricing strategy, a health plan has to address the marketplace's ongoing trends and factors, which include
A) a decreased focus on small to mid-size employer groups
B) an improvement in the financial performance of health plans
C) a consolidation of the key players in the health plan industry
D) a decreased complexity of the products being offered.
Correct Answer:
Verified
Q60: Experience rating methods can be either prospective
Q61: The following statement(s) can correctly be made
Q62: The Cardinal health plan complies with all
Q63: One true statement about the rate ratios
Q64: A product is often described as having
Q66: With regard to the major risk factors
Q67: The following statements indicate the pricing policies
Q68: Kevin Olin applied for individual healthcare coverage
Q69: State A, which requires guaranteed issue of
Q70: With regard to a health plan's underwriting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents