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3 years ago

Why are the premiums for a PPO health insurance plan generally more expensive than those for an HMO Health Insurance Plan?

Business

2 answers:

kkurt [141]3 years ago

7 0

Answer:

A. PPO insurance plans offer a wider choice of primary care doctors and specialists.

Explanation:

Ira Lisetskai [31]3 years ago

4 0

The correct answer is A. PPO insurance plans offer a wider choice of primary care doctors and specialists.

Explanation:

Different from Health Maintenance Organization plans (HMO), a Preferred Provider Organization plan (PPO) is more flexible and allows patients to have more options to choose. This occurs because in PPO patients are not limited to doctors or specialists within a specific network for care but they can see doctors outside the network. Also, patients can choose specialists without a referral.

Due to these advantages, PPO insurance plans are related to higher monthly premiums which means these plans are more expensive. According to this, the main reason premiums for a PPO health insurance plans are more expensive is that "PPO insurance plans offer a wider choice of primary care doctors and specialists".

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epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25

Phoenix [80]

Answer:

Factory overhead cost charged to each unit:

Fabrication Assembly

Factory overhead rates $10.24 $0.81

Machine hours per unit 5

Direct labor cost per unit $118.40

Factory overhead cost per unit $51.20 $95.90

Explanation:

a) Data and Calculations:

Fabrication Assembly

Annual overhead costs $256,000 $480,000

Expected machine hours 25,000 0

Expected direct labor costs 0 $592,000

Overhead rates $10.24 $0.81

($256,000/25,000) ($480,000/$592,000)

Assuming number of units produced = 5,000

Each unit will consume 5 (25,000/5,000) $118.40 ($592,000/5,000)

machine hours direct labor cost

Overhead cost per unit = $51.20 $95.90

($10.24 * 5) ($118.40 * $0.81)

5 0

2 years ago

The property appraisal district for Marin County has just installed new software to track residential market values for property

Mama L [17]

Answer:

Equivalent annual cost = $16,502.89

Explanation:

Equivalent annual cost = Present Value of cost / Annuity factor

Present value of cost:

PV of additional cost =50,000 ×1.05^(-10)=30,695.66

PV of maintenance cost

First four years= 5,000× (1-1.05^(-4))/0.05=17,729.75

From year 5 to infinity = (8,000/0.05)× 1.05^(-4)=131,632.39

PV of maintenance cost = 17,729.75 + 131,632.396= 149,362.14

PV of costs = 150,000 + 30,695.66 + 149,362.14= 330,057.8112

Annuity factor = 1/r = 1/0.05= 20

Equivalent annual cost = 330,057.8112 /20=$16,502.89

Equivalent annual cost = $16,502.89

4 0

3 years ago

Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc

ivolga24 [154]

Answer:

The additional satisfaction from consuming one more unit of a good

Explanation:

Marginal utility falls as consumption increases.

The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.

I hope my answer helps you

8 0

3 years ago

Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is

victus00 [196]

Answer:

the market quantity supplied is less than 250 scoops when the price is $2 per scoop

Explanation:

When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245

At the price $2, the total quantity supplied is less than 245

3 0

3 years ago

Discuss the lengths to which you would go to manage political risk relative to the kinds of returns you would expect to gain?

AlexFokin [52]

Answer: In managing a political risk, the first thing to do is to go on a research, to determine the type of political risk that is likely to occurs in the country or state, and the level of influence this risk has on your business. If the risk is manageable, then investment can start, but before start, you should get a political risk insurance certificate, from a national insurance body or an international insurance body. If at a time the risk becomes higher, that it is likely to affect the production of my profit. The business will be incorporated with a government owned business. So as to sustain the business profit, because no Government will want to establish any law that will have big negative effect upon its own business. If the high risk is as a result of the host community, then the business should be incorporated with the community, so that their will see a sense of belonging to the business.

Explanation:

The political risk found in managing any business are the influences government policies have on that business, this includes taxes,spending,regulation,currency valuation,trade tariffs, minimum wage and environmental regulation.

7 0

2 years ago