Understanding Health Insurance
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Questions and Answers

What is a key difference between Single Payer and Private Insurance in terms of funding?

  • Single Payer is funded through premiums, while Private Insurance relies on taxes.
  • Single Payer is funded by donations, while Private Insurance is funded by corporations.
  • Single Payer is funded through taxes, while Private Insurance relies on premiums. (correct)
  • Single Payer is funded by the government, while Private Insurance is funded by individuals.

What is the primary method of funding for US private insurance companies like Aetna and United Healthcare?

  • Premiums paid by individuals or employers (correct)
  • Donations from individuals
  • Government subsidies
  • Corporate sponsorships

Which Indian public health insurance scheme specifically targets economically vulnerable families for secondary and tertiary hospitalization expenses?

  • Medicaid
  • Ayushman Bharat (correct)
  • Rashtriya Swasthya Bima Yojana (RSBY)
  • Medicare

What is a common challenge faced by private insurers due to fraudulent claims in healthcare?

<p>Increased costs for insurers and policyholders (B)</p> Signup and view all the answers

Which statement accurately describes the coverage provided by private health insurance in India?

<p>Comprehensive coverage includes hospitalization, outpatient care, and critical illness coverage. (D)</p> Signup and view all the answers

In the US healthcare system, who primarily pays the premiums for private insurance coverage?

<p>Individuals or employers (B)</p> Signup and view all the answers

What is the purpose of health insurance?

<p>To mitigate financial risks associated with healthcare costs (B)</p> Signup and view all the answers

What are deductibles in health insurance?

<p>The maximum amount an individual pays out-of-pocket before insurance coverage starts (A)</p> Signup and view all the answers

What does Single Payer Health Insurance entail?

<p>All citizens receive healthcare regardless of income or employment status (A)</p> Signup and view all the answers

How is Private Health Insurance different from Single Payer Health Insurance?

<p>Single Payer Health Insurance is funded through personal and business taxes, unlike Private Health Insurance (A)</p> Signup and view all the answers

What defines Universal Coverage in healthcare?

<p>A system where all citizens receive healthcare regardless of income or job status (A)</p> Signup and view all the answers

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