Explain how a traditional health insurance system may lead to over-consumption of health care services and procedures.

Fantastic news! We've Found the answer you've been seeking!

Question:

Explain how a traditional health insurance system may lead to over-consumption of health care services and procedures. How is this situation affected if a high deductible (perhaps $5000) were imposed before the insurance plan begins paying benefits?

Related Book For answer-question

Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

See More Books

Posted Date: Nov 17, 2022 07:25 AM

See More Questions

The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. For this question, assume the following: 1. The direct method is used. 2. The...
The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Below is a list of common transactions. (a) Issuance of capital stock. (b)...
The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activityadd to...
Tell whether the given side lengths of a triangle can represent a right triangle. 36, 48, and 60
Tarrell Company compensates its field sales force on a commission and year-end bonus basis. The commission is 20 percent of standard gross margin (planned selling price less standard cost of goods...
Explain how the distance between the foci of an ellipse affects the shape of the ellipse.
Refer to the information in Exercise 17-7 to answer the following requirements. Required 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit...
The Gleaming Company has just developed a new dishwashing liquid and is preparing for a national television promotional campaign. The firm has decided to schedule a series of 1-minute commercials...
3. A function f has the values shown below: x 1 1.25 1.5 1.75 f(x) 10 8 7 6 a. Use Midpoint rule to approximate f(x)dx b. Use Simpson's rule to approximate f(x)dx 25
Manager's Hot Seat Negotiation: Thawing the Salary Freeze from the video create a report. What could Katherine have done or said differently?
Convert the following to standard scientific notation. 46. 0.253x102 0.00253 47. 0.009711000000000971 48. 0.000085410-5 49. 0.015481000000 01598 50. 0.00000841x10-12 51. 0.0799104 0.000007911 52....
4. A capacitor of 2.0 F is charged using a 1.5V battery. The charged capacitor is then discharged through a 60k2 resistor. What is the time constant of the discharged circuit? Calculate the time...
A desert tortoise moves at 0.134m/s How long will ti take the mortise to cross a 10m highway? The desert tories is still moving at 0.134 m/s. How far will the tortoise travel in 15s
8. A class of 10 students taking an exam has a power output per student of 200. W. Assume the initial temperature of the room is 20. C and that its dimensions are 6.0 m by 15 m by 3.0 m. What will...
2. A force, F, is measured to be 100 kN at a slope of %4 (rise/run) in the 1st quadrant. What are the Fx and the Fy component values of the force? 100 kN F 3 4 Fx = Fy =
apply one process theory to describe how the needs of a specific team member might be met. (Any theory selected must be applied in its entirety , e.g., if you use Expectancy theory, you will address...
In Problem 8.43, determine the smallest value of for which the rod will not fall out of the pipe. IA -3 in.-
The accountant of Kooks Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2008. Rental revenue...
The following facts pertain to a noncancelable lease agreement between Ben Alschuler Leasing Company and John McKee Electronics, a lessee, for a computer system. Inception date: .............October...
Strider Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,700. Strider also paid $1,000 in the transaction. Prepare the journal entry to...
Suppose you operate a bank in a country where the central bank is expected to embark on a series of interest rate increases. Based on gap analysis, would this scenario be more likely to hurt or help...
Cyber risk has been recognized as a growing source of operational risk for financial institutions. Why might managing this risk at an individual firm level not be adequate?
Bank assets equal bank liabilities plus bank capital. a. Bank assets are the uses for bank funds. i. They include reserves, securities, and loans. ii. Over the years, commercial and industrial loans...

Explain how a traditional health insurance system may lead to over-consumption of health care services and procedures.

Question:

Expert Answer:

Primary Insurance the insurance plan responsible for paying the bill first If a patient is covered b... View the full answer

Intermediate Accounting principles and analysis

Students also viewed these economics questions