A co-payment is the
A. percentage of a covered expense that an individual will have to pay (after the deductible is met).
B. percentage of a covered expense that an insurance company will have to pay (after the deductible is met).
C. amount of covered expense that an insurance company will have to pay before the individual pays anything.
D. amount of covered expense that an individual will have to pay before the insurance company pays anything.
Answer: A
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With a large and growing deficit, the Fed may face pressure from the government to
A) decrease the inflation tax. B) decrease the quantity of money to keep the value of money high. C) keep interest rates low, but the Fed risks inflation by doing so. D) increase the velocity of circulation. E) increase the quantity of money to prevent inflation.
If the golfers at Green Golf have nonidentical demands, the profit-maximizing user fee is ________ Green Golf's marginal cost.
A) one-half of B) less than C) equal to D) greater than
Which of the following is a characteristic of a competitive market?
a. There are many buyers but few sellers. b. Many firms have market power because they own patents. c. Buyers and sellers are price takers. d. Firms sell differentiated products.
From the data given in Table 3-2, the opportunity cost of increased cotton in moving from A to B is
A. 16 units of corn. B. 31 units of corn. C. 15 units of corn. D. 4 units of corn. E. 1 unit of corn.