Chapter 7, Problem 7.11CS7

Explanation of Solution

Healthcare Exchange:

Healthcare exchange is nothing, but an online store that provides health insurance products to the society and also to some organization’s businesses.

• For many of the individuals, choosing the right policy is more difficult, because, selecting medical insurance is a complex process that contains different levels of coverage and costs.

When people need to get health insurance, they need to give their private information about their salary and family situations. Based on that, that particular person gets their affordable health insurance

Purposes of Healthcare Exchange:

Some of the purposes of healthcare exchange are as follows:

• The number of medical treatment gets increased, because of the advancement in medical care. An individual with less income cannot afford high cost treatment; so, healthcare exchange provides health insurance to people with lost cost...