If the health insurance premium is equal to $2,000 and administrative fees are $500,then what is the benefit/premium ratio?
A) .25
B) .50
C) .75
D) Cannot be calculated with the above information
Correct Answer:
Verified
Q10: A movement of the medical loss ratio
Q11: Blue Cross and Blue Shield uses
A)Experience rating
Q12: The Health Insurance Portability and Accountability Act
Q13: Explain why the use of community-rated premiums
Q14: Premiums based on experience ratings
A)Are uniform across
Q16: Assume the health insurance market is perfectly
Q17: Firms self-insure to
A)Save money on premiums.
B)Avoid state
Q18: A strong individual mandate with large fines
Q19: Monopsony power by health insurance plans can
Q20: A flat premium for all risk types
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