Question

In: Economics

Which statement is FALSE about individual private insurance?

Which statement is FALSE about individual private insurance?



Private health insurance is the main method of paying health care.



Private health care insurance never became a dominant method of paying for health care because of the huge administrative cost.



None of the above options.



The health plan gives the payment to the provider in exchange for health care services.



With private health insurance, a third party is added in between the patient and the health care provider.

Solutions

Expert Solution

The answer to the question is option d) The health plan gives the payment to the provider in exchange for health care services...


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