Answer:
Health Maintenance Organizations or HMOs
How different from the indemnity insurance system?
D. Taking responsibility for both financing and delivering health care services to a defined group of beneficiaries.
Explanation:
HMOs are healthcare maintenance organizations which coordinate the provision of health services and care to registered patients. They provide health insurance services to their patients for a monthly fee. They ensure cost-effectiveness in healthcare delivery through their coordination efforts.
On the other hand, indemnity insurance system involves some contractual agreements in which one party (the insurer or insurance company) guarantees compensation for actual or potential losses or damages sustained by another party (the insured).
Answer with Explanation:
A "corporation" refers to a large company or a large entity that is being owned by <em>"shareholders."</em> It may also refer to a<em> group of companies</em> that stand or act as a<u> single entity.</u>
One characteristic of a corporation is its "unlimited life." This is contrary to sole proprietorship and partnerships which have a<u> limited life.</u> This means that a corporation will not end, expire or die in the event that one of the shareholders dies. It will only end its life under <u>intentional decisions to dissolve the corporation</u> or<u> if it goes bankrupt.</u>
In case of bankruptcy, the shareholders are also not forced to repay the debts of the corporation. Instead, the assets of the corporation will be targeted by the creditors.
So, this explains the answer.
.E) This would be the correct answer
Answer:
The correct answer is a. has no incentive to hold costs down.
Explanation:
Given that in the natural monopoly there is no competition for the characteristic that we have as a company to offer our products at a lower price and with highly competitive quality, then the direct question of pricing will not have really in-depth studies that take into account the competitors' behavior in order to establish direct incentives. Its fixing method is basic and strictly depends on internal issues such as the expected profitability margin, supply, demand and production process.
Answer:
Part a.
If the Congress of country U to clothing insurance gives a preferential tax treatment, and the insurance company agrees to pay 80% of the clothing expenses and the tax subsidizes the insurance premium, it will result in increase in the consumption of clothes, because people will buy clothes as if they were free.
With this change in behavior there will be decline in economic efficiency because purchasing of formal and expensive clothing is not done on a regular basis, with clothing insurance people will buy less costly daily wear clothes at subsidized rates or for free and the price of clothes will decrease.
Part b.
People who can pay for the 20% remaining cost of clothes will buy insurance clothing and those who can pay the premium. Moreover, the rich will over consume than the poor because they are the ones who will give more importance to good clothing.
Part c.
If a person spends $2000 on clothing the clothing, insurance cost will be more than $2000 because higher the probability of claim higher will be the premium charged by the insurance company.
Part d.
This is not a good idea by the Congress of country U because good clothing is something every person would like to have. Like in health insurance, people should be insured for big life threatening health issues and for minor health issues people should pay out of their pockets, because people take health insurance benefits for minor health issues since health is more or less free in the COUNTRY U. The high premium costs and high prices are completely ignored.
