Question

1. The cash payment by a consumer or employer to an insurance company is called:

A) A co-payment

B)  A deductible

C) A limit

D) A premium

2. The largest health insurance program in the United States is:

A) Blue Cross-Blue Shield

B) Veterans Affairs

C) Medicare

D) Medicaid

3. The part of Medicare that helps pay for ambulance services is:

A) Part A

B) Part B

C) Part C

D) Part D

4. True or False? An economic unit refers only to individuals.

5. True or False? Both wages and noncash benefits are subject to income tax.

6. True or False? Cost-of-illness results should be used as the sole source for policy recommendations.

7. True or False? Medicare consists of five parts.

8. True or False? Part A is largely financed by a federal payroll tax paid by employers and employees.

9. True or False? Profiling involves collecting comparative data on the treatment patterns of providers.

10. True or False? Vertical integration refers to joining together of buyers and sellers.

Answer 1

1 cash payment which the consumer or employer pay to insurance company is called premium. Hence option d is correct.

2 answer is Medicare I.e option c

3 answer is part B I.e option b

4 economic unit may refer to individuals, firms or government hence answer is false.

5 only wages are subjected to tlincone tax hence answer is false.

6 there can be other criteria for policy recommendations hence answer is false

7 Medicare has 4 parts hence answer is false.

8 answer is true.

9 answer is true

10 vertical integration is when buyers starts producing goods which he used to buy from seller. Hence answer is false.