Insurance Model How is this type of insurance ordinarily financed? Is adverse se
ID: 1713050 • Letter: I
Question
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Private Insurance Market (individual rating)
Employer-Sponsored Health Insurance
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Means – Tested Health Insurance
Compulsory Private Insurance
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Universal Public Insurance
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Private Insurance Market (individual rating)
Employer-Sponsored Health Insurance
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Means – Tested Health Insurance
Compulsory Private Insurance
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Universal Public Insurance
Explanation / Answer
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Private Insurance Market (individual rating)
This type of Insurance is financed through public funds which is a total health care financing
Insurance business is a failure in this case as in adverse condition buyers have better information then sellers and this can distort usual market process and the business will not be profitable for the company.
Proper use of deductibles should be done
Use of credit and insurance score should be done
Penalize bad behaviour and
keeping Good claim metrics
Financial requirements imposed on large and medium sized employers in cases where employeers full time workers obtain subsidized coverage througha health insurance exchange due to the employeer not offering coverage or deemed not offering coverage to that particular employee.
Employer-Sponsored Health Insurance
this type of Insurance employer involves a fourth party and doesnot pay directly to third party so the risk is transfered to the fourth party
Employeers wont be effected in adverse condition as the risk is allocated to the fourth party
Risk is transfered to the fourth party employeer remains safe
Expenses for bearing expenses are managed by employer and is given for free to company employees.
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Means – Tested Health Insurance
these are sponsored by government
yes there are chances of selecting many people who are unhealthy &people who smoke hence this insurance needs to be paid to consumers and company may sustain loss
by doing complete health checkup while insuring a person
this insurance is sponsored by goverment so it is made from point of view of making it more affordable for common people
Compulsory Private Insurance
this insurance is financed by Statatuory health Insurance
this is insurance is for probable accidents, yes people are associated with risk but insurance will not come to loss
by bring up statuatory requirements of safety to the employeer
It is a compulsary insurance for the associated employees
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Universal Public Insurance
This is financed by the world health organization
Adverse conditions may occur when there are natural calamities
Goverment should impose optimum deductibles.
Ensure copayment mechanisms to struggle over critical issues
this insurance is to be made at the least payable cost and has to be approved by WHO
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Private Insurance Market (individual rating)
This type of Insurance is financed through public funds which is a total health care financing
Insurance business is a failure in this case as in adverse condition buyers have better information then sellers and this can distort usual market process and the business will not be profitable for the company.
Proper use of deductibles should be done
Use of credit and insurance score should be done
Penalize bad behaviour and
keeping Good claim metrics
Financial requirements imposed on large and medium sized employers in cases where employeers full time workers obtain subsidized coverage througha health insurance exchange due to the employeer not offering coverage or deemed not offering coverage to that particular employee.
Employer-Sponsored Health Insurance
this type of Insurance employer involves a fourth party and doesnot pay directly to third party so the risk is transfered to the fourth party
Employeers wont be effected in adverse condition as the risk is allocated to the fourth party
Risk is transfered to the fourth party employeer remains safe
Expenses for bearing expenses are managed by employer and is given for free to company employees.
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Means – Tested Health Insurance
these are sponsored by government
yes there are chances of selecting many people who are unhealthy &people who smoke hence this insurance needs to be paid to consumers and company may sustain loss
by doing complete health checkup while insuring a person
this insurance is sponsored by goverment so it is made from point of view of making it more affordable for common people
Compulsory Private Insurance
this insurance is financed by Statatuory health Insurance
this is insurance is for probable accidents, yes people are associated with risk but insurance will not come to loss
by bring up statuatory requirements of safety to the employeer
It is a compulsary insurance for the associated employees
Insurance Model
How is this type of insurance ordinarily financed?
Is adverse selection a problem with this type of insurance? Why or why not?
With this type of insurance, what can be done to control moral hazard problems?
How could this system be made affordable to low-income families?
Universal Public Insurance
This is financed by the world health organization
Adverse conditions may occur when there are natural calamities
Goverment should impose optimum deductibles.
Ensure copayment mechanisms to struggle over critical issues
this insurance is to be made at the least payable cost and has to be approved by WHO
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.