This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why do health insurance companies ask their potential customers to submit their previous medical ... (Read 49 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 29, 2018
Why do health insurance companies ask their potential customers to submit their previous medical records?
 
  What will be an ideal response?

Question 2

Any production point outside the production possibilities frontier is
 
  A) unattainable.
  B) associated with unused resources.
  C) attainable only if prices fall.
  D) attainable only if prices rise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Customers of health insurance companies have better information about their health conditions than do the insurers. In order to reduce this information asymmetry, potential customers are often asked to submit their previous medical records. This is an example of signaling by customers.

Answer to Question 2

A


jace

  • Member
  • Posts: 541
Reply 2 on: Jun 29, 2018
:D TYSM

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The FDA recognizes 118 routes of administration.

Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con
Medical Office To Do List Medical Office To Do List
Drugs Commonly Stocked in an Emergency Medical Box Drugs Commonly Stocked in an Emergency Medical Box
How prefixes and suffixes can be combined with a word root to form many medical terms. How prefixes and suffixes can be combined with a word root to form many medical terms.
How to avoid car insurance claims How to avoid car insurance claims
People are living longer today than in previous decades People are living longer today than in previous decades
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library