Which of the following reasons might explain why health insurance purchased as a group might be less costly than coverage purchased individually?
A) Greater bargaining power
B) Risk spreading over a larger number of people
C) Lower marketing costs for the provider
D) Both a and b
E) All of the above
Correct Answer:
Verified
Q1: Individuals who have access to large-group coverage
Q2: Third-party payments provide incentives for the adoption
Q4: _ exist when the average total cost
Q4: An increased HMO presence in insurance markets
Q5: _ occurs when insurance companies structure plans
Q6: _ reasons that firm-size classes with expanding
Q7: Which of the following reasons might explain
Q9: Scale economies may serve as a barrier
Q10: People obtaining health insurance as part of
Q11: _ occurs when consumers have less incentive
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