Question

In: Economics

A system financed primarily through retrospective fee-for-service insurance reimbursement is: A. A closed system. B. An...

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.

Solutions

Expert Solution

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.


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