The goal of health insurance is to:
a. equally distribute the probability of loss over a large number of people.
b. spread risk over a large group of people.
c. redistribute income from the sick to the healthy.
d. collect sufficient premiums to cover all possible losses.
e. equalize the availability of medical care across population groups.
b. spread risk over a large group of people.
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Which of the following would increase the consumption component of U.S. GDP?
A. A business purchases Disney World vacations as rewards for the firm's best salespeople. B. Disney World purchases tires for the monorail from a firm in Ohio. C. A French man purchases a vacation at a Disney theme park in France. D. You purchase a vacation at Disney World in Florida.
If Mario's Pizza offers consumers who purchase one medium sized pizza a second pizza at half price, this is an example of ________.
A) third-degree price discrimination B) second-degree price discrimination C) first-degree price discrimination D) zero-degree price discrimination
If private consumption in the United States was 69 percent of GDP, investment was 18 percent, government purchases were 18 percent, exports were 9 percent, and imports were 14 percent, net exports were equal to ____ percent of GDP
a. -5 b. 5 c. -23 d. 23
Money market mutual funds are accounts that are
A. usually offered by banks. B. do not pay interest income. C. insured by the federal government. D. usually offered by brokerage and insurance firms.