1- insurance premiums determined by a _______ are based on the risk characterist

ID: 1211286 • Letter: 1

Question

1- insurance premiums determined by a _______ are based on the risk characteristics of the entire membership.

a. loading charge b. experience rating c. staff model d. group model e. community rating

2- an individual who is _______ would be indifferent to purchasing health insurance.

a. risk-averse b. self-employed c. unemployed d. risk-neutral e. risk-loving

3- An individual who is _______ would not choose to purchase health insurance.

a. risk-averse b. self-employed c. unemployed d. risk-neutral e. risk-loving

4- A _______ attempts to remove financial incentives of physicians to overuse by combining theinsurer and provider functions of medical care.

a. network model HMO b. PPO c. POS d. staff model HMO e. IPA model HMO

5- According to John Nyman, classic economic theory overstates the degree of overconsumption ofmedical services by only considering ------------ .

a) inefficient moral hazard

B) pure premiums

c) risk average consumers

d) efficient moral hazard

E) income effect

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