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</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.</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</p> Signup and view all the answers

    What is the purpose of health insurance?

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

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