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Cost Sharing and Employee Health Insurance

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Cost Sharing and Employee Health Insurance

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Questions and Answers

Which of the following is an example of moral hazard?

Sophie deciding not to purchase renter's insurance

Tom purchasing a group health insurance policy for his employees

Tom not communicating the cost sharing with his employees (correct)

Sophie believing her landlord's insurance will cover any losses

Which of the following is an example of adverse selection?

Tom not communicating the cost sharing with his employees

Sophie believing her landlord's insurance will cover any losses (correct)

Tom purchasing a group health insurance policy for his employees

Sophie deciding not to purchase renter's insurance

What can be the potential consequence of adverse selection in insurance?

Lower premiums for high-risk individuals

Increased competition among insurance companies

Decreased demand for insurance

Higher premiums for low-risk individuals (correct)

What is the main reason why Tom's employees become less motivated to stay healthy or shop around for medical care?

<p>They believe the company will cover most of the costs</p> Signup and view all the answers

Why does Sophie decide not to purchase renter's insurance?

<p>She believes her landlord's insurance will cover any losses</p> Signup and view all the answers

Cost Sharing and Employee Health Insurance

Choose a study mode

Podcast

Questions and Answers

Which of the following is an example of moral hazard?

Which of the following is an example of adverse selection?

What can be the potential consequence of adverse selection in insurance?

What is the main reason why Tom's employees become less motivated to stay healthy or shop around for medical care?

Why does Sophie decide not to purchase renter's insurance?

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