Using MIS (10th Edition)
Using MIS (10th Edition)
10th Edition
ISBN: 9780134606996
Author: David M. Kroenke, Randall J. Boyle
Publisher: PEARSON
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Chapter 7, Problem 7.14CS7

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.
  • Healthcare exchange simplifies and also automates the selection process. It thus creates competition among insurers.
  • Though selecting medical insurance is a tough process, exchanges helps people to select best coverage based on their situations like income, size of the family, etc...

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