In: Economics
A system financed primarily through retrospective fee-for-service insurance reimbursement is:
A. |
A closed system. |
|
B. |
An open-ended system. |
|
C. |
A cost-plus system |
|
D. |
Both B and C. |
Correct option: (B) An open ended system
Reason: An open ended insurance system is one where in a retrospective fee-for-service insurance reimbursement is used to finance the insurance plan.