Which one among these is not a loading factor in case of health insurance? 1.marketing cost 2.Costs of claim processing 3.Payments to health care provider.
Which one among these is not a loading factor in case of health insurance? 1.marketing cost 2.Costs of claim processing 3.Payments to health care provider.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which one among these is not a loading factor in case of health insurance?
1.marketing cost
2.Costs of claim processing
3.Payments to health care provider.
Expert Solution
Step 1
One sort of insurance is known as health insurance, and its purpose is to provide financial protection against the cost of medical care in the event of a disease. These expenditures might be associated with hospitalization bills, the cost of medications, or fees associated with medical consultations.
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