PHMD 5250 Exam 3 Questions and Answers 100% Solved
0 view 0 purchase
Course
PHMD
Institution
PHMD
PHMD 5250 Exam 3 Questions and
Answers 100% Solved
what is the primary purpose of for-profit organizations? - to provide a
financial return on a shareholder's investment
are most corporations and privately-held businesses for-profit or not-forprofit? - for-profit
name 4 examples of for-profit ...
describe risk transfer in insurance - ✔✔the risk is transferred from an
insured to an insurer, which is typically in a better financial position to bear
the risk than the insured because of large numbers of members in the risk
pool
describe indemnification in insurance - ✔✔- reimbursement to the insured if
a loss occurs
- ex. when the insurer pays the insured, or the provider, in whole or in part
for the services rendered related to their illness or injury
what are the two main challenges with establishing risk pools? - ✔✔1)
adverse selection
2) moral hazard
describe the adverse selection challenge associated with establishing risk
pools. what was done to avoid this challenge? - ✔✔- individuals who are
more likely to need health services are more likely to purchase health care
- if adverse selection goes unchecked, costs can be driven up for all
members in the risk pool
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NinjaNerd. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
