Which of the following statements is true? Select one: a. As the expected loss i

ID: 1160757 • Letter: W

Question

Which of the following statements is true?

Select one:

a. As the expected loss increases, the gain from insurance decreases.

b. Low loading costs partly explain why it is difficult for the self-employed to get health insurance.

c. Increased loading costs may increase insurance coverage for certain groups.

d. Consumers are willing to pay less to avoid risk in cases where an adverse event is almost certain to occur.

Universal health insurance implies

Select one:

a. higher taxes

b. government provided health insurance

c. no private health plans

d. none of the above

Health care resources are distributed in the U.S. based on need.

Select one:

True

False

1.A is incorrect because increase in expected loss increases the gain from insurance.

Answer-a

2.Universal health coverage is provided to all the citizens by the US government.

Answer-B

3.false.

It is distributed according to the financial capabilities of individuals.

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