True/False: If a health insurance company could somehow monitor everything a customer does and thinks, it could create a full-insurance contract with no moral hazard.
True/False: If a health insurance company could somehow monitor everything a customer
does and thinks, it could create a full-insurance contract with no moral hazard.
X. When is the social loss the lowest
a. A 20% coinsurance and high deductible
b. A 20% coinsurance and low deductible
c. A 20% coinsurance, low co-pays and high deductible
d. A 20% coinsurance, high co-pays and high deductible
XI. Calculate the out of pocket spending in the following insurance plan - A co-pay for $20,
coinsurance of 0% and deductible of 500. Assume that the doctor’s visit cost $1000
a. 520
b. 500
c. 820
d. 800
XII. Which of the following is not an example of adverse selection
a. Increasing use of health care for health services like preventive care services
b. Developing asthma that is the outcome of a mining job
c. Not reporting a hereditary heart disease when signing up for insurance
d. Increasing the number of cigarettes smoked once you get employer based health
insurance
Please answer all 3 questions. Thanks
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