Answer:Price ceiling is when the government of a country mandates producers to sell their commodities below market or equilibrium price.
Explanation:Price ceiling leads to excess demand as consumers will excessively demand for products with a low price. Economically,the lower the price ,the higher the quantity demanded.
Also,Price ceiling will make producers produce inferior commodities as they will drastically reduce their cost of production which by using counterfeit raw materials.
Lastly,Price ceiling leads to supply shortage as producers are not willing to produce.
Premiums and policy values tend to be correlated. Products with a wide range of benefits, low cost sharing at the time of payment, and high actuarial value tend to have high insurance premiums.
<h3>What is actuarial Value? </h3>
The percentage of the average total cost for covered services that is covered by the plan. For example, if your plan has an average actuarial value of 70%, you will cover 30% of the cost of all benefits.
<h3>How do actuaries evaluate health insurance?</h3>
This is calculated using medical claims from a standard population along with the plan's copay provisions to simulate claim payments. The commission percentage paid by the scheme is the actuarial value.
<h3>What is monthly bonus (premium)?</h3>
This is the monthly payment for health insurance. In addition to premiums, you will usually have to pay medical expenses, including deductibles, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to take advantage of a benefit tax credit to reduce your costs.
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Answer:
you need to find the answer your self if you use someone's answer then you will get a bed grade for plagiarism
Explanation:
Stimulus generalization this would be your answer I hope this helped.
