Risk pooling Study guides, Class notes & Summaries
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MHA 707 Exam 3 Questions And Answers
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MHA 707 Exam 3 Questions And Answers 
 
 
 
 
moral hazard 
 
behaving differently when you know someone else 
is taking the risk (Induced demand) 
 
 
adverse selection 
 
the sicker people likely want more insurance (the 
healthier, less) 
 
 
pooling of risk 
 
sharing risk proportionately among many is a basic insurance 
concept 
 
 
Non marketability of risks 
 
inherent in medicine and medical practice 
 
Health insurance 
 
 
 
Asymmetries of information Healthcare 
 
Physician vs. patie...
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Florida 2-40 health license chapters review already passed
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Loss Sharing The spreading or pooling of risks over a large group of individuals 
Risk pooling Same as loss sharing 
Law of large numbers Science of probability and experience of mortality (death) & 
morbidity (sickness). The larger and more homogenous the group the more certain the 
predictions 
Risk Is defined as uncertainty regarding loss 
Speculative risk The chance of both loss and gain 
Pure risk Involve only the chance of loss. Only Pure risk is insurable 
Peril Is an immediate specific e...
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214 FLORIDA INSURANCE ACTUAL EXAM WITH QUESTIONS AND ANSWERS VERIFIED
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This type of insurance pays when an insured has died to offset the economic loss to dependents. 
A) life 
B) health 
C) annuity 
D) property and casualty - Life Insurance 
An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. - Policy 
Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. - Risk Pooling 
The more _______ units an insurance company h...
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MHA 707 Exam 3 Combined Set Test Questions And Revised Correct Answers
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MHA 707 Exam 3 Combined Set 
Test Questions And Revised 
Correct Answers 
Moral hazard 
behaving differently when you know someone else 
is taking the risk (Induced demand) 
Adverse selection 
the sicker people likely want more insurance (the 
healthier, less) 
Pooling of risk 
sharing risk proportionately among many is a basic 
insurance 
concept 
Non marketability of risks 
inherent in medicine and medical practice 
Health insurance 
Asymmetries of information Healthcare 
Physician vs. pati...
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MHA 707 Study Guide for Exam 3 (C) Questions And Answers
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MHA 707 Study Guide for Exam 3 (C) Questions And Answers 
 
 
What is Asymmetry of information? Why is it important in healthcare? 
A gap in knowledge from person/group to another. Patient knowledge vs Physician knowledge vs insurance knowledge. 
 
 
What is non-marketability of risk? 
inherent of medicine and medical practice. Cannot put a price on it 
 
 
Moral Hazard 
people behaving differently when you know someone else is taking the risk (induced demand- procedures when deductible has bee...
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Insurance level 1 Alberta exam Questions with Verified Solutions
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Insurance level 1 Alberta exam 
Questions with Verified Solutions 
 
The philosophy behind insurance is to 
a) provide a vehicle through which wealthy individuals and corporations may protect their 
property against catastrophic loss 
b)allow insurers to grow larger and more stable, thus creating jobs and supporting the economy 
c) spread the losses of the few amongst the premiums of the many 
d) spread the losses of the many amongst the premiums of the few spread the losses of the 
few amongst ...
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Solution Manual for Matching Supply with Demand An Introduction to Operations Management, 5th Edition by Cachon
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Solution Manual for Matching Supply with Demand An Introduction to Operations Management, 5th Edition Cachon. Table of Contents: Chapter 2:The Process View of the Organization Chapter 3:Understanding the Supply Process: Evaluating Process Capacity Chapter 4:Estimating and Reducing Labor Costs Chapter 5:Batching and Other Flow Interruptions: Setup Times and the Economic Order Quantity Model Chapter 6:The Link between Operations and Finance Chapter 7:Quality and Statistical Process Control Chapter...
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214 FLORIDA INSURANCE ACTUAL EXAM WITH QUESTIONS AND ANSWERS VERIFIED
- Exam (elaborations) • 121 pages • 2024
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Life Insurance - This type of insurance pays when an insured has died to offset the economic loss to dependents. 
A) life 
B) health 
C) annuity 
D) property and casualty 
Policy - An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. 
Risk Pooling - Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. 
Exposure Units - The more _______ units an in...
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MN LIFE ACCIDENT & HEALTH PRODUCER EXAM LATEST UPDATE GRADED A+
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MN LIFE ACCIDENT & HEALTH 
PRODUCER EXAM LATEST UPDATE 
 
GRADED A+ 
 
Speculative Risk involves the chance of loss or gain, and is not insurable 
 
Pure Risk involves the chance of loss only, and is insurable 
 
Peril Something that causes a direct loss 
 
Physical Hazard Visible (Black ice) 
 
Moral Hazard dishonest tendencies (Fraud) 
 
Morale Hazard Carless, Irresponsible (leaving keys in car) 
 
Exposure susceptibility to loss 
 
Adverse selection those with high risk situations attempt to ...
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Rasmussen Multidimensional Care I (MDC I) Exam 2 Graded A+
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Rasmussen Multidimensional Care I 
 
(MDC I) Exam 2 Graded A+ 
 
Effects of Immobility Cardiovascular System 
Increase cardiac workload 
 
Increase risk for orthostatic hypotension 
 
Increase risk for venous thrombosis 
Effects of mobility cardiovascular system 
Increase efficiency of heart 
 
Decrease resting heart rate and blood pressure 
 
Increase flow and oxygen of all body parts 
Effects of immobility respiratory system 
Decrease depth of respiration 
 
Decrease rate of respiration 
 
poo...
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