EMS 310 - System Finance

Indicate whether the statement is true or false, and justify your answer.In the 2010 American health reform law, one primary mechanism for financing the expansion of health insurance to the uninsured involves reducing planned Medicare expenditures.

What government programs are available to cover long-term care expenditures in the United States? How do the government programs affect the demand for private long-term care insurance by families who are currently ineligible for government-financed long-term care insurance?

Correct answer needed.

Which of the following statements regarding the Patient Protection and Affordable Care Act (ACA) is true?   Group of answer choices a. The ACA eliminates lifetime limits on total health care insurance payments by insurers. b. The ACA limits the total number of surgeries for the insurers. c. The ACA requires employers to reimburse the cost of hospital stays of the insured. d. The ACA decides the insurance payments for dependents. e. The ACA provides major medical insurance with low deductibles to protect against catastrophic illnesses.

Please help me.  Thankyou.

Assume that you have calculated: (a) premiums for life insurance policies and (b) payments to annuitants based upon an assumption that everybody dies before attaining age 101. Now you discover that a significant number of your policy owners are likely to live beyond age 101 and some will live to age 121.  How will that affect your business?

What’s are the advantages and disadvantages of a single Payer system of a national health insurance policy?

(Table: Insurance Claims) Five people vary in health status. Each person knows his or her own health status and expected medical bills, which are given in the table. These people are considering buying health insurance. Assume that each person is equally likely to file a claim. Annual Expected Health Insurance Claim Person Darwin Edgar Fran Hilda Jared $30,000 20,000 10.000 8,000 2,000 Suppose that the insurance company does not know the health status of any one person but does know the expected claims of the group as a whole. If the insurance company sets the premium based on the average expected claims of these five people, then people would be willing to pay the premium. O five O four O three O two

What is Medicaid? Who is eligible for Medicaid? What are the various parts of the Medicaid plan? Who finances the Medicaid plan?

What is Social Security and what are some of the benefits/advantages? There are different types of beneficiaries. Name as many as you can. What age can you begin drawing for old age Benefits? What are some of the reasons that you may want to WAIT to begin drawing Social Security?

Anwar Jones has an insurance policy that pays benefits to him in cash when he is hospitalized. What type of insurance would this be?   Comprehensive major medical   Hospital indemnity   Long-term care   Cancer   Disability income